Positioned prominently on Flin Flon’s high-traffic Main Street, 29–31 Main Street presents a compelling investment opportunity in northern Manitoba. This 2.18-acre site features a well-maintained, multi-tenant commercial plaza totaling 41,500 square feet across two floors. With 89% occupancy and 15 diverse tenants, the property offers stable income and upside potential through lease renewals and new leasing.
The building includes a mix of professional services, education, and financial tenants, including Baker Tilly Accounting and IG Private Wealth. The average in-place rent of $8.79 per square foot reflects strong market alignment, while the gross annual income of $276,247 supports a solid return profile. The site benefits from 98 on-site parking stalls, including covered and gravel options, enhancing accessibility for tenants and visitors.
Constructed in two phases (1950 and 1987), the property is equipped with roof-mounted HVAC, 600V electrical service, and a wet sprinkler system throughout. Its location on Main Street ensures excellent visibility and connectivity, with additional frontage on Churchill Avenue and Hapnot Street. The surrounding area includes retail, residential, and civic amenities, reinforcing tenant demand and long-term viability.
This asset is ideal for investors seeking a value-add opportunity in a regional hub with limited competition and strong community presence.