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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
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
  • Listing ID: 40120952

  • Date on Market: 2026-04-11

  • Last Updated:

  • Address: 63 Albert St, Winnipeg, MB R3B 1G4

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