Global New Developments
Juwai Commercial
Juwai LUXE
Your location is .
Switch to homepage to see content specific to your location?
COMMERCIAL BUILDING FOR SALE OR PARTNERSHIP
One block to Portage and Main, Prime Location in the Central Business District of Winnipeg.
Total Area: 21,711
Potential for construction of A HIGH RISE RESIDENTIAL/COMMERCIAL. Zoned for high rise construction, strong structure
Corner Property, Branding Exposure to 55k Vehicles Daily
20’+ Floor-Ceiling Windows, Abundant Light, Mezzanine Potential floor height 25’(low cost expansion)
Suitable for Medical, Research, IT, Boutique Hotel, Retail, Commercial & Residential Condominium Development, etc
Ample Parking around the building
Available Well Below Replacement Cost for Construction of Same Design (and excluding Significant Land Cost), Competitive Pricing
POTENTIAL FOR A HIGH RETURN ON INVESTMENT
The increase in neighbourhood resident population will increase demand for services which will help sustain continued commercial property rental growth and capital appreciation, and open opportunities to construct additional residential storeys to this property.
Potential of a rental income at market rates = $325,000
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.
This tremendous building, constructed for a financial institution, was designed by Green Blankstein Russell Architects. The elevator is in very good condition & the same shaft can extend higher at lessened cost. Further expansion is possible within the well maintained building by adding a mezzanine level within the main floor, leaving still 25 ft+ ceiling height on the balance of main floor retail space. A fully functional bank vault is in the basement. The replacement cost of the building with over 21,000 sf of gross area is several millions. The potential of highly exposed Naming Opportunity is inherent at this prime corner in the heart of Downtown.
Over $3 billion have been invested over the last decade in downtown Winnipeg with significant more growth planned and investments of over $1 billion underway.
interior
exterior
Please set your own values to get your unique mortgage plan
Loan Term
Loan amount
Interest rate
* The above information is the average for each state in Canada For more details about loans, please send us an enquiry.
Disclaimer: Currency shown is based on currency conversion, please refer to actual currency price of the property.
