Rare Building on Portage Ave

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30173038
Property Subtypes: Mixed Use, Office Building, Other
Building Size (RSF): 19,175 SF
Gross Building Area: See Agent
Gross Land Area: 11,416 SF
Sale Price: $1,450,000
Unit Price: $75.62 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/28/2018

Overview / Comments

Now is your chance to own a piece of downtown Winnipeg! Rare building on Portage Avenue has come available for sale. Long standing old "Chocolate Shop" and Dominion News location consisting of 262-268 Portage Avenue, a retail/office walk up two storey building. Current tenancies in place with available units for lease. Opportunity knocks with +/- 19,175 SF of leasable space, investment opportunity. Contact for further details!

Attachments & Media

Current Tenants

Tenant Business Name Dominion News & Gifts (1968) Ltd.
Is Renting? Yes
SF of Space Occupied 5,500 SF
Current Rent $10 PSF (Annual)
Lease Expiration 9/2019
Tenant Business Name Bar Red Sea
Contact Name Mesfin Kahsal and Tesfatsion Ghebretensae
Is Renting? Yes
SF of Space Occupied 3,511 SF
Current Rent $21 PSF (Annual)
Lease Expiration 6/2019
Tenant Business Name Floodway Printing
Contact Name Cory Beal
Is Renting? Yes
SF of Space Occupied 825 SF
Current Rent $11 PSF (Annual)
Lease Expiration 7/2019

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 9A
Zoning: M


Contact

Photograph of Listing Agent

David-Jeffrey Trudeau

Monopoly Realty CPIX® Member
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