1/7102 1st AVENUE E, Lampman
102 1st AVENUE E, Lampman, SK S0C1N0
$299,000 total
2,304 SF
Asset Class
Hospitality
Size
2,304 SF
Building class
B
Zoning
CHY — Highway Corridor
$ / SF
$130
Occupancy
99%
Year Built
1998
Lot Size
0.14 ac
About this property
Open for offers from April 21, 10am to May 15th, 10am. All offers are to be left open until May 18th 5pm. Highest or any offer not necessarily accepted: Cottages for sale in the busy town of Lampman. The property includes 6 updated cabins, one of which serves as the booking office and also houses the laundry area. Each cabin is 384 sq ft and comes with its own electric heating and cooling. The layouts are similar throughout, featuring a large main room set up as a bedroom with a TV, microwave, mini fridge, and dresser. Off the main space, there’s a separate bedroom and a 3-piece bathroom. One of the units is wheelchair accessible. All cabins are connected by a large shared deck. The cabins can also be moved by the new owner if they choose to relocate them. Offers to purchase can be seen in real time, contact REALTOR® to learn how. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$21K
Annual cash flow
$5K
Cash-on-cash
5.34%
DSCR
1.29
Going-in cap
7.14%
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)
| Tenant | Area | Expiry |
|---|---|---|
| Lakeview Physiotherapy | 1,507 SF | 2034-09 |
| Lakeview Physiotherapy | 515 SF | 2034-09 |
| Lakeview Physiotherapy | 400 SF | 2033-09 |
| Lakeview Physiotherapy | 400 SF | 2034-09 |
Area demographics
Trade area within 3 miles of the property.
Population
48,059
Households
19,591
Median income
$98,500
Median age
44.1
Daytime population
67,897
5-yr growth
6.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 102 1st AVENUE E, Lampman.
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.