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REDEVELOPMENT
POTENTIAL
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| DESCRIPTION | Built in 1909, this 5 storey loft-style industrial building has been the home of Keystone Storage Warehouse since 1977 and is now suitable for redevelopment. This remarkably solid building with attached parking lot for approx. 47 vehicles has concrete floors & mushroom columns, stone foundation and masonry brick exterior. It has approx. 8,082 sq. ft. per floor for a total of 40,410 sq. ft. not including the full unfinished basement. All levels are mostly open space with concrete columns and ceiling heights of between 10 to 12 ft. with the exception of the 2nd floor which has 54 separate masonry enclosed storage vaults and a small electrically heated office area with washroom on the main floor (the only area which is heated in the building). The building is serviced by a large central freight elevator, an interior staircase on the south side, a central fire alarm system, a 400 amp electrical service and a 9’ W x 10’ H overhead door at grade. |
| LOCATION | Access from 2 streets and 1 laneway in Downtown Winnipeg between the Exchange District and Health Sciences Centre and just north of McDermot Avenue. The immediate area is made up of a mix of older and redeveloped loft-style industrial buildings, a heavily populated residential neighbourhood as well as Ronald McDonald House and Hugh John McDonald School. |
| SQUARE FOOTAGE | 40,410 approx. total plus full basement |
| LOT SIZE | 67.39’ x 265.7’ approx. or 22,854 sq. ft or ½ acre (irregular) |
| PARKING | 1/3 acre vacant land at the rear of the building; approx. 47 stalls |
| ASSESSMENT | $168,300 (2003) |
| TAXES | $8,711.70 (2003) |
| ZONED | RM-L (Multiple-Family District) |
| LEGAL DESC./TITLE | SP Lot 90, Plan 32423, Lot F/G, Plan 447, title # 1398355 SP Lot 89, Plan 32423, title # 1398394 |
| ASKING PRICE | $495,000.00 |
"This information, although believed to be accurate, is not warranted to be so".
