2583 Portage Avenue

Winnipeg R3J 0P5

5F//Winnipeg/Exceptional opportunity to acquire a well-located, two-storey commercial building along Winnipeg's prominent Portage Avenue corridor in the established St. James neighborhood! Offering approximately 10,960 sf of total building area, this property presents an attractive combination of existing rental income & significant value-add potential. The main floor is fully leased, providing an established income stream. Strategically positioned along a major commercial thoroughfare, the property benefits from excellent street exposure, convenient accessibility, and proximity to established businesses, residential neighborhood's, restaurants, and retail amenities. On-site parking at the rear of the building provides additional convenience for tenants, staff, and visitors. Whether you're an investor seeking to enhance rental income through lease-up of the second floor, or an owner-occupier looking to secure a substantial commercial presence in a desirable Winnipeg location. vendor states:"C2-zoned property with residential or mixed-use development up to 70' (approximately 6 storeys). Additional height may be possible under the Malls and Corridors Overlay, subject to building design, buyer do own due diligence." (id:2493)