Contacts
P3 Realty Services Inc.
Associate, Commercial Sales & Leasing
Property Details
- Property Type Land - Residential (land)
- Property Size 34,848 SF
- Date Updated Sep 8, 2025
Prime Mixed-Use Development Opportunity - Asking $6,500,000
On behalf of 10049896 Manitoba Inc. (the “Vendor”), P3 Realty is pleased to present a rare, shovel-ready opportunity to deliver a landmark mixed-use rental development in the heart of Winnipeg. Fully rezoned and entitled with all required variances in place, the site is approved for a 21-storey apartment tower and up to 30 storeys.
Strategically located directly adjacent to the western border of the University of Winnipeg campus, 634 Portage will serve as a new gateway to Winnipeg’s central business district within a rapidly transforming trade area demanding a higher rental standard. This premium urban infill site offers tenants convenient access to key employment hubs in business, education, and healthcare, while positioning retailers and service providers within a growing residential community.
With a proposed design featuring a 21-storey, 374-unit purpose-built rental building, ±6,000 SF of main floor commercial space, and a ±75-stall parkade, the project represents a turnkey opportunity to capitalize on Winnipeg’s strong demand for modern rental housing and vibrant mixed-use development.
DATA ROOM - Additional project information is available via data room upon receipt of a signed confidentiality agreement.
The property is being offered for sale with offers reviewed as received. Interested parties are encouraged to submit their proposals promptly, as the Vendor reserves the right to accept an offer at any time without further notice.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Shovel-Ready Approval – Fully rezoned with all required variances in place for up to 30 storeys.
- Prime Central Location – High-profile Portage Avenue address with direct connectivity to downtown, University of Winnipeg, Health Sciences Centre, and the vibrant Wolseley neighbourhood.
- Unparalleled Accessibility – Exceptional Walk Score (95) and Transit Score (90), with major bus routes connecting to CF Polo Park, University of Manitoba, and other key destinations.
- Strong Tenant Demand Drivers – Proximity to 25% of Winnipeg’s workforce downtown, 8,000+ Health Sciences Centre staff, 1,500+ daily hospital patients, and 9,400+ university students.
- Rare Infill Opportunity – Less than 2% of rental stock in the surrounding trade area has been built in the last 20 years.
- Identified as Key Site for Affordable Housing offering Potential Government Support – Opportunity to access housing grants that may finance portions of the project, reducing required equity.
- Zoned RMU - Residential Mixed Use
Attachments
Getting around
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97/100
Walk Score ®
-
72/100
Transit Score ®
-
92/100
Bike Score ®
Location
- City Winnipeg, MB
- Neighborhood West Broadway
- Postal Code R3C 2A9
Points of Interest
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Winnipeg
1.06 miles
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Train Ride
3.68 miles
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Inkster Junction
6.64 miles
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Shell
0.14 miles
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Esso
0.45 miles
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Domo
1.10 miles
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Co-op
1.15 miles
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FLO
1.20 miles
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Tesla Destination Charger
1.28 miles
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Petro-Canada
1.35 miles
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Red River Co-Op
1.38 miles
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Tesla Supercharger
1.80 miles
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Impark
0.73 miles
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Indigo
0.82 miles
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New Manitoba Clinic
0.94 miles
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Holiday Inn & Suites Winnipeg Downtown
0.35 miles
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Hotel Royal Plaza
0.53 miles
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Delta Hotels
0.65 miles
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Hampton
0.72 miles
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Alt Hotel Winnipeg
0.73 miles
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The New Balmoral Hotel
0.75 miles
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Radisson Hotel Winnipeg Downtown
0.79 miles
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The Marlborough Hotel
0.84 miles
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New Lodge Winnipeg
0.90 miles
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Hotel Fort Garry
0.95 miles
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The AnX
0.33 miles
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Food Fare
0.45 miles
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Sukh Supermarket
0.52 miles
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Portage Place
0.52 miles
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FreshCo
0.52 miles
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Foodfare
0.58 miles
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Cityplace
0.69 miles
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Safeway
0.75 miles
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Downtown Family Foods
0.77 miles
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Giant Tiger
0.79 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
P3 Realty Services Inc.
Associate, Commercial Sales & Leasing
