52 ADELAIDE STREET

52 ADELAIDE STREETWINNIPEG, MB

PRICE REDUCED

We are pleased to offer 6,700 sq. ft. (+/-) of fully developed downtown retail, office and living space for sale. This beautiful 3-storey heritage building formerly known as the Douglas and Company Building was built in 1910 and is located on the west side of Adelaide Street between Notre Dame Avenue and McDermot Avenue in Winnipeg’s historic Exchange District. The space is located steps from Old Market Square, Bell MTS Place and the Burton Cummings Theatre. The building is a municipally-designated historic site on the exterior, but its interiors have been extensively renovated into a functional retail/office and living space. The building provides elevator accessibility to two beautiful living spaces, a developed commercial retail/office space, lower level storage with a kitchenette and living areas with kitchens. The current owners have been operating the top two floors as a successful Airbnb business and is regarded as Winnipeg’s finest rental living spaces. Recently, Winnipeg was acknowledged by Airbnb as a top 19 trending destinations for 2019.

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LOCATIONSituated in Winnipeg’s famed Exchange District, 52 Adelaide Street benefits not only from its close proximity to the city’s financial, legal and technology hub but also its cultural centre. The building is perfectly positioned to enjoy the vibrant mix of restaurants, bars, boutique shops, galleries and theatre that signify the Exchange District. In 2017, the City of Winnipeg introduced this area as “Innovation Alley”, a community of innovators, entrepreneurs and artists in Downtown Winnipeg’s West Exchange District equipped with startup space, shared resources and Canada’s largest fabrication lab over four city blocks.

RBC Winnipeg Convention

Centre

ManitobaLegislature

Shaw Park

Portage & Main

True NorthSquare

Great West Life

Manitoba Hydro

Building

Canadian Museum for Human Rights

Bell MTS Place52

Adelaide Street

BUILDING HERITAGEDouglas & Co. founded in 1882 traded in furs and built 52 Adelaide in 1910 to spearhead its expansion. Designed for master tailor M. Appel, this spacious three-storey building was erected on the west side of Adelaide Street, with an above-ground basement to house the storage of furs in a concrete vault. M. Appel also occupied the “large and roomy quarters” in the building. As an industry leader, M. Appel and his merchant tailors ran what was considered a “manufactory in the highest sense”. Besides being famous for his personalized line of artistic tailored garments, he was a wholesaler to the Hudson Bay company. Over 100 years ago, this building was impressive and unique with its exterior copper cladding featuring a beaver in bas-relief, that is still fully intact today. The building has been redeveloped with absolutely stunning modern finishes, while maintaining its charm and character.

BUILDING AREA

6,738 sq. ft. (+/-) As per City of Winnipeg Records - 3 levels plus a full lower level

BUILDING BREAKDOWN

Third Floor: 2,418 sq. ft. (+/-) Living space including loft (not including roof terrace)Second Floor: 2,246 sq. ft. (+/-) Living spaceFirst Floor: 2,150 sq. ft. (+/-) Retail/Office space (vacant)Lower Level: 2,246 sq. ft. (+/-) Developed kitchen, storage, IT space, and laundry Total 9,060 sq. ft. (+/-)

LAND AREA

3,408 sq. ft.

SALE PRICE

$1,500,000 PRICE REDUCED $1,385,000

PROPERTY TAXES (2018)

$11,598.23

AVAILABLE SPACE

First Floor: 2,150 sq. ft. (+/-)

ASKING RENT

$13.00 per sq. ft. absolute net

ADDITIONAL RENT

$7.00 per sq. ft. (est. 2019) (inclusive of utilities, property taxes, insurance CAM & Mgmt fee)

PROPERTY DETAILS » Well maintained, heritage style “cage” elevator access

» Commercial Retail/Office Space on Main Floor

» Fully redeveloped living space on both Second and Third floors

» Beautiful Mezzanine which opens up to a Roof Top Terrace

» Large windows provide natural light throughout the space

» Redeveloped modern key fob access system and security cameras in place.

» New redeveloped staircase accessing all floors.

» Additional Storage/Amenity Space on Lower Level

» Powered Metal Gated Parking on site offering 5 parking stall

OFFERING DETAILS

SITE PLAN

Area for up to 5 parking stalls

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FLOOR PLANS

HRV

LAUNDRY

MASTER BEDROOM BEDROOM

KITCHEN

TV AREA

MASTER BATH BATH

MECH

LIVING ROOM

DN

DINING

CORRIDOR

VESTIBULE

EXISTING FREIGHT ELEVATOR [TO REMAIN]

LINE OF BULKHEAD ABOVE

LINE OF BULKHEAD ABOVE

LINE OF MEZZANINE ABOVE

INTERIOR FIREPLACE

4'-0" x 8'-0"

5'-0" x 8'-0"

LINE OF PENTHOUSE EXTERIOR WALL ABOVE

EXISTING EXIT STAIR

UP

LINE OF BULKHEAD ABOVE

4'-0" x 8'-0"

4'-0" x 8'-0" 4'-0" x 8'-0" 4'-0" x 8'-0"

4'-0" x 8'-0"4'-0" x 8'-0"

F

DW

SLIDING DOOR ACCESS TO BEDROOMS

SCALE : 1/8" = 1'-0"

1 LEVEL 3 PLANA1.1

N

EL. 8'-0"

EL. 9'-11 1/2"

EL. 9'-11 1/2"EL. 9'-11 1/2"

EL. 8'-0"

EL. 21'-6 3/4"

EL. 9'-11 1/2"

EL. 8'-0"EL. 8'-0"

EL. 8'-0"

EL. 8'-0"

2'-8

"x6'

-8"

2'-1

0"x6

'-8"

2'-1

0"x6

'-8"

2'-1

0"x6

'-8"

DNDNDN

STAIR 1 [EXIT STAIR]

DNDN

STAIR 1 [EXIT STAIR]

DN

OTB

BATH

MULTI-PURPOSE

DECK

EXISTING ELEVATOR PENTHOUSE

EXISTING ROOF TO REMAIN

SLOPE 1.5%

SCALE : 1/8" = 1'-0"

2 LEVEL 4 PLAN [PENTHOUSE]A1.1

N

EL. 10'-7 3/4"

EL. 10'-7 3/4"

85'-0"

1'-1

1"17

'-11

"1'

-10

3/4"

21'-

8 3/

4"

21'-

8 3/

4"

36'-1 3/4"

6'-0

3/4

"4'

-0"

11'-

7 3/

4"

16'-2 3/4"

11'-

4"

11'-

4"

14'-1"

5'-7

7/8

"5'

-2 1

/2"

6'-5 13/16"

6'-0

3/4

"

19'-4 1/2" 18'-1 1/8" 9'-0 1/2"

8'-0" 18'-2"

5'-5

"5'

-0"

10'-

9 1/

2"

22'-0"

9'-0

"

26'-6 1/2"

52 ADELAIDELEVEL 3 & 4 RESIDENTIAL

17.07.04

FLOOR PLANS

NOTE: PLAN INTERIORS DO NOT REFLECT ALL OWNER MODIFICATIONS [CONFIRM FINAL DESIGN ON SITE]

HRV

LAUNDRY

MASTER BEDROOM BEDROOM

KITCHEN

TV AREA

MASTER BATH BATH

MECH

LIVING ROOM

DN

DINING

CORRIDOR

VESTIBULE

EXISTING FREIGHT ELEVATOR [TO REMAIN]

LINE OF BULKHEAD ABOVE

LINE OF BULKHEAD ABOVE

LINE OF MEZZANINE ABOVE

INTERIOR FIREPLACE

4'-0" x 8'-0"

5'-0" x 8'-0"

LINE OF PENTHOUSE EXTERIOR WALL ABOVE

EXISTING EXIT STAIR

UP

LINE OF BULKHEAD ABOVE

4'-0" x 8'-0"

4'-0" x 8'-0" 4'-0" x 8'-0" 4'-0" x 8'-0"

4'-0" x 8'-0"4'-0" x 8'-0"

F

DW

SLIDING DOOR ACCESS TO BEDROOMS

SCALE : 1/8" = 1'-0"

1 LEVEL 3 PLANA1.1

N

EL. 8'-0"

EL. 9'-11 1/2"

EL. 9'-11 1/2"EL. 9'-11 1/2"

EL. 8'-0"

EL. 21'-6 3/4"

EL. 9'-11 1/2"

EL. 8'-0"EL. 8'-0"

EL. 8'-0"

EL. 8'-0"

2'-8

"x6'

-8"

2'-1

0"x6

'-8"

2'-1

0"x6

'-8"

2'-1

0"x6

'-8"

DNDNDN

STAIR 1 [EXIT STAIR]

DNDN

STAIR 1 [EXIT STAIR]

DN

OTB

BATH

MULTI-PURPOSE

DECK

EXISTING ELEVATOR PENTHOUSE

EXISTING ROOF TO REMAIN

SLOPE 1.5%

SCALE : 1/8" = 1'-0"

2 LEVEL 4 PLAN [PENTHOUSE]A1.1

N

EL. 10'-7 3/4"

EL. 10'-7 3/4"

85'-0"

1'-1

1"17

'-11

"1'

-10

3/4"

21'-

8 3/

4"

21'-

8 3/

4"

36'-1 3/4"

6'-0

3/4

"4'

-0"

11'-

7 3/

4"

16'-2 3/4"

11'-

4"

11'-

4"

14'-1"

5'-7

7/8

"5'

-2 1

/2"

6'-5 13/16"

6'-0

3/4

"

19'-4 1/2" 18'-1 1/8" 9'-0 1/2"

8'-0" 18'-2"

5'-5

"5'

-0"

10'-

9 1/

2"

22'-0"

9'-0

"

26'-6 1/2"

52 ADELAIDELEVEL 3 & 4 RESIDENTIAL

17.07.04

FLOOR PLANS

NOTE: PLAN INTERIORS DO NOT REFLECT ALL OWNER MODIFICATIONS [CONFIRM FINAL DESIGN ON SITE]

Lower Level

Main Floor

Second Floor

Third Floor

Mezzanine/Rooftop Terrace

SECOND FLOOR

THIRD FLOOR

» All floors reclaimed from the Church of Christ Scientist in Osborne Village

» Special order high end fixtures

» Stone sinks, tub and recycled fishing-boat furniture imported from Bali

» Old wood featured on 3rd floor kitchen counter and cabinets; and 4th floor walls recycled from Manitoba barns and granaries

» All furniture available for purchase

Rennie Zegalski Principal

204.985.1368rennie.zegalski@capitalgrp.ca

Mario Posillipo Senior Advisor - Sales & Leasing

204.985.1373mario.posillipo@capitalgrp.ca

Capital Commercial Real Estate Services Inc.

2nd Floor - 570 Portage AvenueWinnipeg, Manitoba R3C 0G4T 204-943-5700F 204-956-2783

capitalgrp.ca

52 ADELAIDE STREET

Disclaimer: Capital Commercial Real Estate Services Inc. (“Capital”) does not accept or assume any responsibility or liability, direct or consequential, for the information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties. This information has not been verified by Capital, and Capital does not guarantee the accuracy, correctness and completeness of this information. The recipient of this information should take such steps as the recipient may deem necessary to verify the information in this document prior to placing any reliance upon it. The information may change and any property described in this document may be withdrawn from the market at any time without notice or obligation to the recipient from Capital.