Mortgage Sale

Real Estate Auction in 263 Stanley St., Winnipeg Manitoba, Canada

23 Tuesday
July 23rd, 2019 10:00 AM
Kaye's Auctions
Phone: 204-668-0183

Mortgage Sale

Real Estate Auction in 263 Stanley St., Winnipeg Manitoba, Canada

Tuesday at - 23rd July , 2019

Notes

Further information or a copy of the Auction Sale Conditions may be obtained from:

TRAVIS WEBBER
D’Arcy & Deacon LLP
Barristers and Solicitors
2200 – One Lombard Place
Winnipeg, Manitoba R3B 0X7
Telephone No. 204-925-5392

Disclaimer

Terms: Cash, Visa, Mastercard & Debit Paid in Full Day of Sale.

"Subject to Additions & Deletions"
"Everything Sold As Is, Where Is"
with no warranties implied or expressed
Kaye's Auctions 668-0183 (Wpg)

www.kayesauctions.com

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Auction Items For Sale

MORTGAGE SALE
 

The building and land known as  611  Archibald Street  and 620 Archibald Street,  both  in Winnipeg,  Manitoba, as described in Certificate of Title Nos.  2503653/1 and 2503655/1, respectively,  will be sold at auction on  Tuesday,  the  23rd day of  July,  2019, at  10:00  a.m.  at Kaye’s Auctions, 263 Stanley Street, Winnipeg, Manitoba.

The Vendor under Power of  Sale is informed that there  situate on the land  known as 611 Archibald Street  a  two storey hotel with a one storey addition for a total  of approximately  16,244 square feet.  The  Vendor is advised the hotel contains a beverage room, basement lounge, hotel  lobby , restaurant and kitchen, 19 guest rooms, and liquor vendor. The Vendor is advised that the main floor of the building is approximately 12,621 square feet, and contains the beverage room, hotel lobby, restaurant and kitchen, and liquor vendor. The  beverage room contains a multi-tiered flooring system that includes a stage and recessed  area for a sound and lighting booth. The beverage room further contains one large service bar, one small service bar, and  service window to the kitchen, as well as a stage. The Vendor is advised the beverage room further contains two bathrooms, which contain 7 water-closets, 2 urinals, and 4 wall  basins.  The beverage room is connected to the liquor vendor by a large walk in cooler.  The Vendor is informed the hotel lobby is finished with marble flooring and contains a small reception area, as well as two bathrooms that contain between them 2 water-closets, 2 wall basins, and 1 urinal. The restaurant is accessed through the hotel lobby  and  the Vendor is advised it contains several  built-in booths and is finished with marble flooring. The Kitchen  is finished with ceramic  tile flooring and some ceramic  tile wall covering in addition to drywall. The Vendor is advised the hotel contains 19 guest rooms located on the second and third floors of the hotel, which total approximately 3,623 square feet, more or less. The hallways are  finished  with marble floor covering, and the guest rooms are finished with laminate flooring and/or carpet and heated by baseboard heating. Each room is equipped with electrical and contains either a full 3-piece bathroom or full 4-piece bathroom.  The basement is approximately 3,623 square feet, more or less, with a lounge of approximately 2,384 square feet. The lounge contains multi-level flooring which is finished with carpet, and contains a marble finished dance floor that includes a sound and lighting area  and an exposed ceiling.  The lounge further contains a serving bar  that includes plumbing hookup. The Vendor is advised that the basement lounge contains two bathrooms which contain 6 water-closets, 5 wall basins, and 2 urinals. The basement lounge may be accessed by its own street entrance or by the hotel front lobby.

 The Vendor under Power of  Sale is informed that there  situate on the land  known as 620 Archibald Street an asphalt paved parking lot with an approximate area of 52,995 square feet, more or less. The site is serviced with sewer, water, hydro, telephone, gas, and street lights. There are approximately 120 painted parking stalls in the lot, with a wood parking bumper along both the north and east sides of the lot. The parking lot is accessed via Archibald Street.

REALTY TAXES: The realty taxes with respect to t  he said land  are  paid  in  full to December  31, 2015.  The property is  sold subject to taxes and penalties accruing after that date. Any outstanding water, sewer and utility account(s) for the current and prior years, whether or not added to the tax account at any time, are the responsibility of the purchaser.

PRIOR CHARGES: Caveat No. 86-55686/1 and Tax Sale First Notice No. 5026500/1

 TERMS: Twenty percent of the purchase price paid by certified cheque or bank draft and the balance according to auction sale conditions.

The building and land are to be sold subject to a RESERVE BID to be announced prior to the sale, which will include the amount owing under the first mortgage, as well as the first mortgage of mortgage.

Further information or a copy of the Auction Sale Conditions may be obtained from:

TRAVIS WEBBER
D’Arcy & Deacon LLP
Barristers and Solicitors
2200 – One Lombard Place
Winnipeg, Manitoba R3B 0X7
Telephone No. 204-925-5392