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826 Main St 45 Room Hotel Winnipeg, MB R2W 3N8 $2,758,231 USD ($61,294 USD/Room)

Investment Highlights
- Positioned on Main Street with excellent visibility and traffic exposure in downtown Winnipeg.
- Located near major attractions, including the Exchange District, The Forks, and the SHED area.
- Situated in a commercial area with high pedestrian and vehicle activity, enhancing operational viability.
- Features include 45 guest rooms, vendor operations, VLT-equipped entertainment areas, and a leased restaurant space.
- Benefits from regional infrastructure and accessibility via major corridors connecting to the Perimeter Highway.
Executive Summary
This offering presents a 45-room hotel property located on Main Street in downtown Winnipeg, providing both strong visibility and functional advantages for hospitality investment. The Northern Hotel combines lodging accommodations with integrated amenities, including a vendor operation, VLTs, and a rented restaurant space, creating multiple revenue streams within a single asset. The property’s positioning along one of the city’s main north-south transportation corridors ensures consistent exposure to both local and transient traffic, driving occupancy potential year-round.
Downtown Winnipeg continues to experience significant levels of public and private investment, with developments such as the Sports, Hospitality, and Entertainment District (SHED), the Exchange District, The Forks, and Portage and Main enhancing tourism and entertainment demand. These economic drivers, coupled with the neighborhood’s established commercial character and ongoing mixed-use growth, offer an attractive environment for hospitality operators and investors looking for value-add or stabilized income opportunities.
With proximity to major cultural and business nodes as well as connectivity to the Perimeter Highway, this property stands as a compelling opportunity to establish a foothold in a growing and vibrant urban center.
Downtown Winnipeg continues to experience significant levels of public and private investment, with developments such as the Sports, Hospitality, and Entertainment District (SHED), the Exchange District, The Forks, and Portage and Main enhancing tourism and entertainment demand. These economic drivers, coupled with the neighborhood’s established commercial character and ongoing mixed-use growth, offer an attractive environment for hospitality operators and investors looking for value-add or stabilized income opportunities.
With proximity to major cultural and business nodes as well as connectivity to the Perimeter Highway, this property stands as a compelling opportunity to establish a foothold in a growing and vibrant urban center.
Property Facts
| Price | $2,758,231 USD | Lot Size | 0.17 AC |
| Price Per Room | $61,294 USD | Building Size | 18,052 SF |
| Sale Type | Investment | No. Rooms | 45 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1906 |
| Building Class | C | ||
| Zoning | C2 - Commercial Community | ||
| Price | $2,758,231 USD |
| Price Per Room | $61,294 USD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 18,052 SF |
| No. Rooms | 45 |
| No. Stories | 3 |
| Year Built | 1906 |
| Zoning | C2 - Commercial Community |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 45 | - | - |
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Moderately bikeable
60/100
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826 Main St
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