8 150 River STREET, Lumsden8 150 River STREET, Lumsden — photo 28 150 River STREET, Lumsden — photo 38 150 River STREET, Lumsden — photo 48 150 River STREET, Lumsden — photo 58 150 River STREET, Lumsden — photo 68 150 River STREET, Lumsden — photo 78 150 River STREET, Lumsden — photo 88 150 River STREET, Lumsden — photo 98 150 River STREET, Lumsden — photo 108 150 River STREET, Lumsden — photo 118 150 River STREET, Lumsden — photo 128 150 River STREET, Lumsden — photo 138 150 River STREET, Lumsden — photo 148 150 River STREET, Lumsden — photo 158 150 River STREET, Lumsden — photo 168 150 River STREET, Lumsden — photo 178 150 River STREET, Lumsden — photo 188 150 River STREET, Lumsden — photo 198 150 River STREET, Lumsden — photo 208 150 River STREET, Lumsden — photo 21
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Business For Sale · Office

8 150 River STREET, Lumsden

8 150 River STREET, Lumsden, SK S0G3C0

$169,500 total

780 SF

Asset Class

Office

Size

780 SF

Building class

A

Zoning

CO — Commercial Office

$ / SF

$217

Occupancy

92%

Year Built

2017

About this property

Welcome to Unit 8 at 150 River Street in Lumsden! Located on the upper level of a modern building constructed in 2017, this bright and spacious commercial unit offers an inviting atmosphere for customers and clients. Its attractive design and well-lit interior create a welcoming setting for your business, while a 2-piece bathroom and both front and rear entrances add convenience. Nestled in the scenic Qu’Appelle Valley, Lumsden offers small-town charm with everyday amenities, including Kindergarten to Grade 12 education through École Lumsden Elementary School and Lumsden High School, grocery shopping, fuel services, a pharmacy, and local dining. James Street features an established mix of independent shops and services, complementing the commercial spaces at 150 River Street and creating an appealing setting to establish your business. Vacant and available for occupancy, Unit 8 is the first unit offered for pre-sale as part of the building’s proposed conversion to a commercial condominium complex. A purchaser can lease the unit while the condominium conversion approval process is underway, providing the opportunity to establish their business before completing the purchase. Explore the possibilities of commercial ownership in the community of Lumsden! Call today for more information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$170K
Down payment30% · $51K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$783

Projected NOI

$10K

Annual cash flow

$1K

Cash-on-cash

2.04%

DSCR

1.11

Going-in cap

6.15%

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
Summit Trades Supply400 SF2034-10
Summit Trades Supply400 SF2034-10

Area demographics

Trade area within 3 miles of the property.

Population

40,082

Households

13,827

Median income

$64,500

Median age

40.1

Daytime population

66,150

5-yr growth

1.5%

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

Secure deal room

Confidential diligence documents for 8 150 River STREET, Lumsden.

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.