4 Storey Office Building on Portage Avenue

829, 831, 835 Portage Avenue Winnipeg, MB R3G 0N6

829, 831, 835 Portage Avenue, Winnipeg, MB, R3G 0N6, CA
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FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
Please Call Broker for Price

Cap Rate:
0.00%
Last Verified:
Jul 11, 2025

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Strong re-development opportunity with excess land ideal for multi-family conversion. It features windows facing Portage Avenue and has undergone interior upgrades, including office renovations across multiple floors, improved washrooms, and a refreshed elevator lobby. Life safety enhancements include upgraded fire exit doors and basement code compliance. The building has also seen updates to its mechanical systems, roof, windows, curtain wall, stairwell cladding, and a cooling tower retrofit. Additionally, there are two entrances from Portage Avenue and potential for main-floor retail space. The location offers direct access from Portage Avenue, Simcoe Street, and Beverley Street, with excellent public transit options as major bus routes run along Portage Avenue. Just minutes from downtown Winnipeg, the property provides easy access to the city’s core. It’s also close to Polo Park Shopping Centre, one of the city’s largest retail hubs.

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Map of 829, 831, 835 Portage Avenue, Winnipeg, MB, R3G 0N6, CA

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.