Westport is an exciting new mixed-use development with 1,000,000 sq. ft. of proposed building area on 70 acres of land featuring retail, hotels, restaurants, offices, warehouses and multi-family opportunities.

4059 Portage Avenue Winnipeg, MB R3K 2E8

4059 Portage Avenue, Winnipeg, MB, R3K 2E8, CA
4059 Portage Avenue, Winnipeg, MB, R3K 2E8, CA 4059 Portage Avenue, Winnipeg, MB, R3K 2E8, CA 4059 Portage Avenue, Winnipeg, MB, R3K 2E8, CA 4059 Portage Avenue, Winnipeg, MB, R3K 2E8, CA
Property Type:
Mixed Use
Cap Rate:
Last Verified:
Jun 05, 2023

Situated in the heart of the largest concentration of sporting and recreational complexes in Manitoba including the 460-acre Red River Exhibition Park (“Manitoba’s State Fair Grounds”), Assiniboia Downs Horse Racing and BellMTS Iceplex — NHL Winnipeg Jets and AHL Manitoba Moose practice facility and home to Manitoba Junior A Hockey and a world-class concussion centre. Plenty of existing and new customers are located nearby. New multifamily residential is under construction on the site with over 750 units planned. The new 12,000 sq. ft. Festival Early Learning and Child Care Centre is also located next door at Red River Exhibition Park. Westport is adjacent to the dominant intersection of Trans-Canada Highway #1 (Portage Avenue) and the Perimeter Highway (#101) in West Winnipeg and has excellent exposure to the Trans-Canada Highway. Two signalized intersections allow easy access and egress from the site. The development is located within the City of Winnipeg limits with full city services.

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Map of 4059 Portage Avenue, Winnipeg, MB, R3K 2E8, 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.