268 King ST, Winnipeg, MB, R3B 1J5

MLS® # 202421127

Commercial For Sale In China Town, Winnipeg, Manitoba

$1,650,000

None Beds

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268 King ST, Winnipeg, MB, R3B 1J5

$1,650,000

Property Information:

Huge price Reduction!! Prime 18,000 sq ft commercial building in the heart of Chinatown, Exchange District. The main floor (8,000 sq ft) previously operated as a grocery store, featuring freezers, coolers, a staff room, and office space. The first floor (9,000+ sq ft) is an ideal restaurant or banquet hall setting, complete with a commercial kitchen, bar, and office. The basement offers developable storage space. Built in 1991, this solid building is surrounded by high-rise developments, presenting a unique opportunity for a grocery store, restaurant, banquet hall, or potential multi-family conversion. Contact for more details.

Property Features:

Property Type: Industrial/Comm/Investmnt
Amenities: 1 or More Washrooms, Accessibility Access, Basement, Elevator Passenger, Fire Alarm, Natural Light
Area: 9A - 9A
Building Type: Meeting/Banquet Hall, Restaurant
Built in: 1991
Construction Type: Concrete
Heating: Electricity, Forced Air
Lot Depth: 132 Feet
Lot Frontage: 130 Feet
Lot Size: 17186.00 Square Feet
Occupancy: Vacant
Parking: Parkade, Surface
Power: Mixed Phased
Site Influences: Corner, Downtown, Public Transportation
Site Services: Electricity, Fully Serviced, Natural Gas, Sewer - Storm, City Water
Street Type: Street
Style: Two Storey
Title: Freehold
Type: Retail Building for Sale
Unit Location: Ground Level Unit, Upper Level Unit

Data provided by: WinnipegREALTORS® 1240 Portage Ave., Winnipeg, Manitoba R3G 0T6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Notes:

Daljeet Gill

Salesperson/REALTOR® Daljeet Gill Personal Real Estate Corporation Royal LePage Prime Real Estate *

Mobile:204.891.9394

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Market Price Trends

All Properties

-4.46%

Price change (1 year)

3.5%

Price change (5 years)

Location of 268 King ST, Winnipeg, MB, R3B 1J5

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

28 hot days expected in 2050

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

Projected Heat Risk: Moderate

28 hot days expected in 2050

46/100

Moderate

ClimateCheck®

Current data

This property, 268 King ST , experiences 7 hot days per year at around 31.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 28 hot days at 35.2 degrees Celsius.

Projected Avg. Temperature

Past

31.5℃

2050

35.2℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

37/100

Moderate-Low

ClimateCheck®

Current data

This property, 268 King ST , experiences 10 significant 2-day storms per year, with about 241mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 11 significant 2-day storms with 263mm of precipitation per year.

Precipitation Per Storm

Past

241mm

2050

263mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 268 King ST, Winnipeg, MB, R3B 1J5

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$87,347.32

Average Number of Children

1.92

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

31.8 %

High school certificate or equivalent

29.26 %

Apprenticeship trade certificate/diploma

2.82 %

College/non-university certificate

12.42 %

University certificate (below bachelor)

2.28 %

University Degree

21.43 %

Commuter

Travel To Work

By Car

51.89 %

By Public Transit

16.25 %

By Walking

21.69 %

By Bicycle

2.48 %

By Other Methods

7.69 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

86.39 %

Houses

13.61 %

Own Vs. Rent

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268 King ST, Winnipeg, MB, R3B 1J5 $1,650,000 MLS® # 202421127