Downtown Winnipeg Investment Opportunity

Office for Sale
Catylist Listing ID: 30821827
Property Subtypes: Mixed Use, Office Building, Other
Building Size (RSF): 13,992 SF
Gross Building Area: See Agent
Gross Land Area: 21,945 SF
Sale Price: $3,150,000
Unit Price: $225.13 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/21/2022

Overview / Comments

Avison Young (AY) is pleased to offer for sale or lease a 100% interest in 555 / 561 / 563 Broadway on behalf of its clients, 3818439 Manitoba Ltd. 555 Broadway Avenue is a rare opportunity to acquire a three-storey office building of 11,110 sf (3,712 sf per floor). 561 and 563 Broadway is a 2,856 sf residential/commercial building. Both properties are situated on 21,945 sf of land.

555 Broadway is located at the NW corner of Broadway and Good Street, directly across the street from the Canada Life Campus. The building was substantially constructed in 1978 with ceiling heights of approximately 9 feet. The property is a functionally well-built office space with an oversized parking lot (16,805 sf) adding additional revenue. The building footprint coverage is only 20% of the site, resulting in excess land for additional parking revenue or potential development. The property is currently fully leased with tenants who will be vacating over the next three years. 555 Broadway Avenue is perfect for an owner user, or could potentially be redeveloped into a multi-family building.

561 / 563 Broadway is a two and one-half storey house transformed into a three-tenant building accommodating two commercial tenants on the main floor and one residential suite on the 2nd floor which is currently vacant. The two-storey 1,800 sf building was constructed in 1902, with the street front retail shop (1,056 sf) built in 1955 providing a total of 2,856 sf above grade.

Please download the brochure for further details.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5A
Tax ID/APN: 12091152500
Zoning: C2/R2

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Contact

Photograph of Listing Agent

Jamie McPetrie

Avison Young Commercial R.E.(Manitoba)
CPIX® Member
Photograph of Listing Agent

Steven Paulus

Avison Young Commercial R.E.(Manitoba)
CPIX® Member
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