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63 Albert St 44,604 SF 100% Leased Office Building Winnipeg, MB R3B 1G4 $3,599,999 CAD ($80.71 CAD/SF) 7.92% Cap Rate



Executive Summary
Downtown Winnipeg Asset Strong Cash Flow + Immediate Upside. Serious investors take note this is a rare opportunity to acquire a cash-flowing asset in Winnipeg s Exchange District with both in-place income and clear value-add potential. The building is fully leased and generating approximately $450,000 in gross revenue and ~$285,000 NOI, providing immediate yield from day one. Unlike many stabilized assets, this property offers built-in upside through tenant turnover, lease restructuring, and operational improvements. A significant portion of the tenancy is on flexible or short-term arrangements, allowing a new owner to mark rents to market and unlock additional value over time. Strategically located steps from Portage & Main, the property benefits from strong accessibility, historic character appeal, and continued long-term relevance within Winnipeg s core.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
44,604 SF
Building Class
C
Year Built
1902
Price
$3,599,999 CAD
Price Per SF
$80.71 CAD
Cap Rate
7.92%
NOI
$285,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
7,434 SF
Building FAR
2.77
Lot Size
0.37 AC
Zoning
C - Character
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
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Presented by
Hammond Building Ltd
63 Albert St
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