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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
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)
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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.
| Tenant | Area | Expiry |
|---|---|---|
| Prairie Coffee Roasters | 3,329 SF | 2030-07 |
| Prairie Coffee Roasters | 1,222 SF | 2030-07 |
| Prairie Coffee Roasters | 701 SF | 2031-07 |
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.
Confidential diligence documents for 401A Trinity LANE, Moose Jaw.
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.