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For Sale · Hospitality

102 Churchill STREET, Hudson Bay

102 Churchill STREET, Hudson Bay, SK S0E0Y0

$575,000 total

6,648 SF

Asset Class

Hospitality

Size

6,648 SF

Building class

B

Zoning

CB2 — Central Business

$ / SF

$86

Occupancy

94%

Year Built

1907

About this property

Welcome to the Desrochers Hotel, a long-standing commercial property located in the town of Hudson Bay, SK. This sale includes a well-established hospitality and entertainment operation featuring 14 guest rooms, a full bar, 14 VLTs, and an on-site cannabis retail store. The property also includes a restaurant space, which is currently leased. Over the past years, the building has seen several important upgrades, including a new furnace, hot water on demand system, renovated double rooms with private baths, and an updated exit staircase. Financials show a profitable, easily managed business with strong potential for growth.There is significant opportunity to increase income through expanded marketing for short-term and nightly room rentals, or further enhancing the bar and VLT operations. There is a small living quarters that can be expanded. Also another suite that has been a hair salon is available to rent out. A solid investment with multiple income streams and room to expand.Call today to book a viewing or request further information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$575K
Down payment30% · $173K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$41K

Annual cash flow

$10K

Cash-on-cash

5.58%

DSCR

1.30

Going-in cap

7.22%

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
Lakeview Physiotherapy3,694 SF2034-12
Lakeview Physiotherapy1,506 SF2034-12
Lakeview Physiotherapy1,049 SF2034-12

Area demographics

Trade area within 3 miles of the property.

Population

136,743

Households

52,535

Median income

$78,500

Median age

39.7

Daytime population

172,400

5-yr growth

4.3%

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

Secure deal room

Confidential diligence documents for 102 Churchill STREET, Hudson Bay.

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.