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Off Market
1/14

250 Portage Ave
Winnipeg, MB R3C 0B1


HIGHLIGHTS

  • Heavy day time foot traffic
  • Lots of natural light
  • Open plan with strong structure

OVERVIEW

Unique opportunity for users and business operators to own their own real estate which features a high-profile Portage Avenue address, substantial visibility, and the ability to obtain building naming rights; • Constructed for a financial institution, it was designed by Green Blankstein Russell Architects with 20’+ ceiling height on the main level, second-floor offices over-looking Portage and a fully-functioning lower-level with a Bank Vault. Natural light is abundant due to 3 walls of vertical windows; • Excellent exposure for signage and branding along Portage Avenue which features an average traffic count of more than 55,000 vehicles traveling past the property on a daily basis; • The asset’s prominent position provides easy walking access to The Forks, Portage & Main, BellMTS Place, the RBC Convention Centre, the University of Winnipeg, and the Red River College downtown campus in Winnipeg’s historic Exchange District. • The existing structure is suitable for reconfiguration, uses an open concept layout, floor to ceiling windows, and building design that includes mezzanine potential; • Suitable for Medical, Research, IT, Boutique Hotel, Retail, Commercial & Residential Condominium development, etc; • Ample Parking around the building. Rear exit of the building opens into the Parkade next door, a huge ease & comfort factor in the winter; • The property is available well below the replacement cost (rising significantly with current market situations), for the construction of same design & quality building; excluding the significant land cost and; • Clear of financial encumbrances.

FOR LEASE DETAILS

PRICE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

21711

STORIES

3

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

381

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

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