For Lease · Specialty

401A Trinity LANE, Moose Jaw

401A Trinity LANE, Moose Jaw, SK S6H0E3

Price on request

5,772 SF

Asset Class

Specialty

Size

5,772 SF

Building class

B

Zoning

US — Urban Services

$ / SF

—

Occupancy

91%

Year Built

1965

About this property

LEASE OPPORTUNITY WITH GREAT POTENTIAL! Beautifully situated atop a hill overlooking Moose Jaw’s popular Wakamow Valley, this extensively renovated building offers an excellent leasing opportunity in a picturesque setting. Enjoy the beauty of the valley in every season, with access to walking paths, hiking trails, boating, kayaking, camping, and numerous recreational activities. Extensively renovated in 2020, the building features a new boiler heating system with insulated pipes, four water heaters, air conditioning, vinyl plank and carpet tile flooring, completely renovated bathrooms, recessed LED lighting, and Whirlpool appliance package, including smooth-top stove and 3 refrigerators with bottom freezer. The roof was replaced approximately in 2017, and windows have been updated over the years. The building offers 19 bedroom units across two floors, along with a spacious commercial-sized common kitchen and shared dining area. The second floor features 10 units, with some having built-in dressers and closets, plus one large unit with a four-piece ensuite and two generous closets. This level also includes two more full bathrooms and two Whirlpool stacked washer-and-dryer units. The main floor offers nine additional units, as well as two full bathrooms. For added peace of mind, all rooms and hallways are equipped with air conditioning and hardwired smoke detectors, with carbon monoxide detection in the laundry and mechanical areas. This well-maintained property shows beautifully and offers plenty of potential for a variety of suitable uses. Lease Rate: $10,000 per month A fantastic opportunity to lease a spacious, extensively updated property in a desirable Moose Jaw location! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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
Prairie Coffee Roasters3,329 SF2030-07
Prairie Coffee Roasters1,222 SF2030-07
Prairie Coffee Roasters701 SF2031-07

Area demographics

Trade area within 3 miles of the property.

Population

102,802

Households

40,878

Median income

$84,000

Median age

43

Daytime population

144,304

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for 401A Trinity LANE, Moose Jaw.

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.