For Sale · Specialty

1402 Park AVENUE, Moosomin

1402 Park AVENUE, Moosomin, SK S0G3N0

$225,000 total

0 SF

Asset Class

Specialty

Size

0 SF

Building class

C

Zoning

US — Urban Services

$ / SF

—

Occupancy

90%

Year Built

1977

Lot Size

0.58 ac

About this property

A great opportunity in a very visible location! If you're looking for some store front space and shop/storage or office space, this one is ideal. The entire building was renovated back to the studs in 2014. Renos included new electrical (200 amp panel in the back and 100 amp in the front), furnace, water heater, a/c, batt insulation in the walls and cellulose in the attic, drywall, plumbing, windows, doors, and exterior metal cladding. Great space for an entrepreneur in the store front (currently a hair salon) and shop/storage space in the back. Future plans for an owner/operator suite were plumbed/wired when the renos were done. Approval may be needed from the town for any discretionary uses. Plenty of parking space and easy access on 0.58 acres. Contact your agent to view! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$225K
Down payment30% · $68K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$15K

Annual cash flow

$3K

Cash-on-cash

4.38%

DSCR

1.24

Going-in cap

6.86%

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.

Area demographics

Trade area within 3 miles of the property.

Population

58,203

Households

22,367

Median income

$96,000

Median age

45.4

Daytime population

83,171

5-yr growth

3.6%

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

Secure deal room

Confidential diligence documents for 1402 Park AVENUE, Moosomin.

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.