Winnipeg | St Boniface | Development

[bomberjet]

Originally Posted by buzzg

If they don't build the skywalk I'm sure it will be seen as French erasure since HSC has one and they'll have to do it anyway. /s

My heritage!

[wags_in_the_peg]

$1.2 mil for 88 ft frontage on Provencher backing onto Seine river, potential for a real nice development, but.... it's on eastern edge where it's more industrial & "smelly". funny, google maps street view has a Loveday Mushroom truck going by!

https://www.winnipegregionalrealesta...ings/202113745

[bomberjet]

1.2 mil.. Like I guess maybe based on potential as a commercial property.

[WildCake]

Originally Posted by bomberjet

1.2 mil.. Like I guess maybe based on potential as a commercial property.

I wonder how they came up with a value of 600k per property with the assumption of a teardown. Seems high. Im sure you could go up to many of the similar aged and shape houses further up Provencher and offer 400-500k per property to assemble lots for a development and owners would be happy to take that cash.

[bomberjet]

It's zoned C2. So I assume based on commercial property values, they get to 1.2 mil.

[wags_in_the_peg]

backing onto Seine increases value I would think

[cllew]

I wonder whats wrong with the properties or have then been bought for flipping?

Looking at google street view for May 2019 I see they had for sale signs on both lots back then. Signs back then were for a different agent.

[plrh]

Originally Posted by cllew

I wonder whats wrong with the properties or have then been bought for flipping?

Looking at google street view for May 2019 I see they had for sale signs on both lots back then. Signs back then were for a different agent.

They were asking 900k last year. I don't know if it sold or not.

[buzzg]

Originally Posted by cllew

I wonder whats wrong with the properties or have then been bought for flipping?

Looking at google street view for May 2019 I see they had for sale signs on both lots back then. Signs back then were for a different agent.

Very common to change agents when your property isn't selling. Lots of owners think it's the agent, when it usually isn't.

[bomberjet]

Originally Posted by wags_in_the_peg

backing onto Seine increases value I would think

There's a back lane so maybe not as much of a selling feature. Especially for a commercial property.

Originally Posted by buzzg

Very common to change agents when your property isn't selling. Lots of owners think it's the agent, when it usually isn't.

Why didn't any body buy my dumpy property for a million bucks?! Let's change agents and ask for more!

Through all the silliness. Would be nice to get more action in that area. It is dumpy and underutilized. That being said. There's also large areas of land for sale/lease and Provencher and Archibald. If the mushroom factory ever moved, that'd be really nice for that area.

[buzzg]

Here is the brochure for the new office/parkade building on Tache across from the hospital, "Avenue 360"

[esquire]

^ Looks promising... it should help the drab Tache streetscape south of the hospital.

[bomberjet]

Thanks for sharing again. When I looked at that the first time, I wondered what would happen with the other large lot behind the current building on Tache.

Is the a master plan of sorts for St. B? With the parkade going in, would seem that lot could be used for other purposes, such as a hospital expansion. Could add another skywalk to the existing hospital and that are would start to feel a bit HSC like.

[buzzg]

The ER is set to be expanded to the same intersection this building fronts. Not really much more space taken up, but an improvement.

Always wondered if there was a masterplan too, as it certainly doesn't seem like it. Would really love to see more lots filled up now that there will be lots of capacity for parking in parkades. Marion and Goulet have long suffered at the hands the hospital (and associated businesses), hopefully this will free up more lots for redevelopment in the near future.

[wags_in_the_peg]

“Vue Tache” hole is dug, seems massive, it’s going to have some nice views of the city.

[buzzg]

My Norwood dream is to see Dominion Centre completely redeveloped. That plot of land could have such a more positive impact on the area (and make absurdly more money) if it were high density mixed use instead of a single storey strip mall taking up 25% of the land. Plus the access to Boyd is extremely unsafe for pedestrians and cyclists, and the lot blocks off proper access to the river, which the city wants to expand use at that access point.

I'd love to see something like a much smaller version of plans for Polo lots/Portage place. Underground tenant parking with a commercial podium, containing retail all along Goulet. Can keep surface parking for visitors behind the building as is, if needed. Maybe a central N-S pedestrian corridor/woonerf with more retail as well. Multiple residential towers on top of the podium. The park/greenspace requirement for a development this size could take the form of working with the City/TFNP to improve river access and expand the greenspace east of the bridge to make it an actual park (where Boyd is now). Go from 9 curb cuts to 2.

It's an amazing location being right in Norwood, just outside of downtown, and a 2 minute walk over the bridge to the future RT Stradbrook Station on the bridge. I don't think they'd have any trouble filling many hundreds of units there.

[esquire]

^ Interesting vision. Ten or twelve years ago I would have thought something like that was too fanciful to be realistic, but something like that strikes me as totally plausible now. It is definitely an ace location just a stone's throw from downtown, across the river from The Forks, near the major employment hub of HSC and a close walk to USB. It covers a lot of bases, and it would really change the feel of that junction which serves as both a gateway into downtown and into St. Boniface. It would be great to see it upgraded from the 70s auto-oriented strip mall that it is now.

A large development could easily include room for most of the commercial tenants, and any that are priced out could easily find space nearby on Marion.

I wonder if Royal Canadian Properties has any plans to redevelop the site, or to sell to someone who would?

[bomberjet]

That would be amazing. I believe it was mentioned that the transit master plan has a "station" going between Goulet and Marion at the DC. Could actually be quite an amazing development if they wanted to do something.

Site is big enough to make something happen, but small enough to prevent anything more sprawling than what's there now.

[wags_in_the_peg]

I agree especially being riverfront, unfortunately it’s not realistic. 80% of those shops are extremely busy and service the neighborhood well.

[esquire]

Originally Posted by wags_in_the_peg

I agree especially being riverfront, unfortunately it’s not realistic. 80% of those shops are extremely busy and service the neighborhood well.

It isn't a question of what's there right now, it's a question of what more could be there. And based on development trends it seems reasonable to conclude that demand exists for a lot more capacity on that site.

For an example of what I'm talking about, look at Bonnie Doon Mall in Edmonton. Fully functional local mall along the lines of Grant Park here, but the site was so good that it spawned this redevelopment plan:



I'm not saying that something exactly on this scale would be built there, but it shows how a functional retail centre could still be redeveloped into something else if the demand exists.