634 Portage Avenue
RE/DEVELOPMENT OPPORTUNITY
634 Portage Avenue Winnipeg, Manitoba April 2016
Central Winnipeg Re/Development Opportunity Colliers’ National Investment Services in Winnipeg is pleased to announce that it has been retained to act as the exclusive agent in the sale of 634 Portage Avenue in Winnipeg, Manitoba on behalf of the registered owner. The offering features approximately 35,000 square feet of premium development land with 200 feet of valuable frontage along Portage Avenue.
Property Details Building Area: Lot Size:
31,185 square feet
34,909 square feet
Year Built:
Originally constructed in 1928 and expanded in 1949
Zoning:
C2 - Commercial
Building Description:
The building was designed to operate as a full-service automobile dealership. Improvements to the building include showrooms, private and general offices, parts and service areas, and a rooftop parkade.
COLLIERS NATIONAL INVESTMENT SERVICES Adam Kosoy, Senior Managing Director | Capital Markets & Investments Services, Canada
Vancouver
Edmonton
Calgary
Winnipeg
Toronto
Ottawa
Montreal
RE/DEVELOPMENT OPPORTUNITY
634 Portage Avenue Winnipeg, Manitoba April 2016
nue
e Ave
treet Sherbrook S
Furby St reet
Langs
ide St
reet
g Porta
Walk Score
95
Walker’s Paradise Transit Score
89
Excellent Transit
Investment Highlights
Exclusive Agents
>> Located in close proximity to the University of Winnipeg, the downtown core, and within walking distance of numerous commercial amenities and public transit routes;
Please contact:
>> Appealing offering to both local and national commercial and potentially multifamily or student housing developers; >> Recent private and public sector expansion in the area including recent additions to the University of Winnipeg’s campus; >> Available free and clear of financing, enhancing the potential to maximize returns by capitalizing on the availability of financing at historically low financing rates; and >> Offered for sale at $2,000,000 ($64 psf of building area or $57 psf of site area) Colliers International | www.colliers.com This document has been prepared by Colliers International, Brian Taillieu and Colliers International, Don White (“Colliers International”) for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved.
COLLIERS INTERNATIONAL, DON WHITE, CFA, CGA (Deal Lead) Ph. 204.926.3843 [email protected] COLLIERS INTERNATIONAL, BRIAN TAILLIEU Ph. 204.926.3842 [email protected]
Colliers International National Investment Services 5th Floor - 305 Broadway Winnipeg, Manitoba R3C 3J7 Ph. 204.943.1600 www.colliers.com
634 Portage Avenue Winnipeg, Manitoba April 2016
Central Winnipeg Re/Development Opportunity Colliers’ National Investment Services in Winnipeg is pleased to announce that it has been retained to act as the exclusive agent in the sale of 634 Portage Avenue in Winnipeg, Manitoba on behalf of the registered owner. The offering features approximately 35,000 square feet of premium development land with 200 feet of valuable frontage along Portage Avenue.
Property Details Building Area: Lot Size:
31,185 square feet
34,909 square feet
Year Built:
Originally constructed in 1928 and expanded in 1949
Zoning:
C2 - Commercial
Building Description:
The building was designed to operate as a full-service automobile dealership. Improvements to the building include showrooms, private and general offices, parts and service areas, and a rooftop parkade.
COLLIERS NATIONAL INVESTMENT SERVICES Adam Kosoy, Senior Managing Director | Capital Markets & Investments Services, Canada
Vancouver
Edmonton
Calgary
Winnipeg
Toronto
Ottawa
Montreal
RE/DEVELOPMENT OPPORTUNITY
634 Portage Avenue Winnipeg, Manitoba April 2016
nue
e Ave
treet Sherbrook S
Furby St reet
Langs
ide St
reet
g Porta
Walk Score
95
Walker’s Paradise Transit Score
89
Excellent Transit
Investment Highlights
Exclusive Agents
>> Located in close proximity to the University of Winnipeg, the downtown core, and within walking distance of numerous commercial amenities and public transit routes;
Please contact:
>> Appealing offering to both local and national commercial and potentially multifamily or student housing developers; >> Recent private and public sector expansion in the area including recent additions to the University of Winnipeg’s campus; >> Available free and clear of financing, enhancing the potential to maximize returns by capitalizing on the availability of financing at historically low financing rates; and >> Offered for sale at $2,000,000 ($64 psf of building area or $57 psf of site area) Colliers International | www.colliers.com This document has been prepared by Colliers International, Brian Taillieu and Colliers International, Don White (“Colliers International”) for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved.
COLLIERS INTERNATIONAL, DON WHITE, CFA, CGA (Deal Lead) Ph. 204.926.3843 [email protected] COLLIERS INTERNATIONAL, BRIAN TAILLIEU Ph. 204.926.3842 [email protected]
Colliers International National Investment Services 5th Floor - 305 Broadway Winnipeg, Manitoba R3C 3J7 Ph. 204.943.1600 www.colliers.com
