826 Main St - Hospitality FOR SALE


Winnipeg, MB R2W 3N8
$3,900,000 CAD
204-943-1600
826 Main St, Winnipeg, MB for Sale
$3,900,000 CAD
Hospitality - FOR SALE
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null | Request Cap Rate

826 Main St
Winnipeg, MB R2W 3N8


HIGHLIGHTS

  • Positioned on Main Street with excellent visibility and traffic exposure in downtown Winnipeg.
  • Features include 45 guest rooms, vendor operations, VLT-equipped entertainment areas, and a leased restaurant space.
  • Located near major attractions, including the Exchange District, The Forks, and the SHED area.
  • Benefits from regional infrastructure and accessibility via major corridors connecting to the Perimeter Highway.
  • Situated in a commercial area with high pedestrian and vehicle activity, enhancing operational viability.

OVERVIEW

This offering presents a 45-room hotel property located on Main Street in downtown Winnipeg, providing both strong visibility and functional advantages for hospitality investment. The Northern Hotel combines lodging accommodations with integrated amenities, including a vendor operation, VLTs, and a rented restaurant space, creating multiple revenue streams within a single asset. The property’s positioning along one of the city’s main north-south transportation corridors ensures consistent exposure to both local and transient traffic, driving occupancy potential year-round. Downtown Winnipeg continues to experience significant levels of public and private investment, with developments such as the Sports, Hospitality, and Entertainment District (SHED), the Exchange District, The Forks, and Portage and Main enhancing tourism and entertainment demand. These economic drivers, coupled with the neighborhood’s established commercial character and ongoing mixed-use growth, offer an attractive environment for hospitality operators and investors looking for value-add or stabilized income opportunities. With proximity to major cultural and business nodes as well as connectivity to the Perimeter Highway, this property stands as a compelling opportunity to establish a foothold in a growing and vibrant urban center.

FOR SALE DETAILS

PRICE

$3,900,000 CAD

PRICE/SF

$216 CAD /SF

# OF ROOMS

45

PRICE/ROOM

$86,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,482 SF

ZONING

C2

APN/PARCEL ID

CUSTOM-3116593

ASK ABOUT THIS PROPERTY

Mike GervaisColliersMore Info
204-943-1600

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Mike GervaisColliersMore Info
204-943-1600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.