For Sale · Hospitality

305 Main STREET, Meota

305 Main STREET, Meota, SK S0M1X0

$329,900 total

7,168 SF

Asset Class

Hospitality

Size

7,168 SF

Building class

A

Zoning

CHY — Highway Corridor

$ / SF

$46

Occupancy

96%

Year Built

1928

Lot Size

0.29 ac

About this property

Historic charm meets modern convenience in this timeless hotel gem, established in 1928 and expanded in 1996. Nestled in a prime location just a leisurely 2-minute stroll away from the pristine Jackfish Lake beaches, a captivating golf course, and vibrant oil activity, this property offers a remarkable investment prospect. With a proven track record of steady business growth, this venture is poised for even greater success. The main floor boasts a captivating array of offerings, including a welcoming hotel entrance, an inviting bar, a cozy VLT room, a sizzling steak pit, well-appointed bathrooms, and a delightful restaurant space. Upstairs, a splendid transformation awaits with a beautifully renovated 2-bedroom suite, alongside 5 thoughtfully designed hotel rooms that cater to comfort and relaxation. Accompanying these are a convenient laundry room and two tastefully designed common bathrooms, ensuring the utmost convenience for guests. The lower level serves as a foundation of functionality, housing essential utilities and providing ample storage space. As a testament to its commitment to excellence, this property has witnessed a series of thoughtful upgrades over the past few years. This is an exceptional opportunity that beckons your attention. Contact us today to explore the possibilities and unveil the captivating details that await your discovery. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$330K
Down payment30% · $99K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$26K

Annual cash flow

$7K

Cash-on-cash

7.56%

DSCR

1.41

Going-in cap

7.81%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Halcyon Wealth Partners6,860 SF2028-09

Area demographics

Trade area within 3 miles of the property.

Population

136,107

Households

49,614

Median income

$113,000

Median age

45.8

Daytime population

205,953

5-yr growth

4.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 305 Main STREET, Meota.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.