412 9th STREET W, Meadow Lake412 9th STREET W, Meadow Lake — photo 2412 9th STREET W, Meadow Lake — photo 3412 9th STREET W, Meadow Lake — photo 4412 9th STREET W, Meadow Lake — photo 5412 9th STREET W, Meadow Lake — photo 6412 9th STREET W, Meadow Lake — photo 7412 9th STREET W, Meadow Lake — photo 8412 9th STREET W, Meadow Lake — photo 9412 9th STREET W, Meadow Lake — photo 10412 9th STREET W, Meadow Lake — photo 11412 9th STREET W, Meadow Lake — photo 12412 9th STREET W, Meadow Lake — photo 13412 9th STREET W, Meadow Lake — photo 14412 9th STREET W, Meadow Lake — photo 15412 9th STREET W, Meadow Lake — photo 16412 9th STREET W, Meadow Lake — photo 17412 9th STREET W, Meadow Lake — photo 18412 9th STREET W, Meadow Lake — photo 19412 9th STREET W, Meadow Lake — photo 20412 9th STREET W, Meadow Lake — photo 21412 9th STREET W, Meadow Lake — photo 22412 9th STREET W, Meadow Lake — photo 23412 9th STREET W, Meadow Lake — photo 24412 9th STREET W, Meadow Lake — photo 25
1/25
For Sale · Hospitality

412 9th STREET W, Meadow Lake

412 9th STREET W, Meadow Lake, SK S9X1S7

$2.8M total

29,760 SF

Asset Class

Hospitality

Size

29,760 SF

Building class

C

Zoning

CB2 — Central Business

$ / SF

$92

Occupancy

88%

Year Built

1975

Lot Size

1.14 ac

About this property

Prime Location! This full-service hotel is located along Highway #4 and has 25 guest rooms, restaurant, lounge and off-sale. It is currently operating as Nor'Wester Motor Inn/Milltown Sports Bar. Built in 1975 with additions in 1987 and 1996. Building size is 29,760 sq. ft. and it sits on 3 lots measuring 300ft x 164ft (1.14 acres). Rooms in the motel area consist of 1 suite, 16 single, 7 double and 1 double kitchenette. Lounge area with 60 seats, 14 VLT's, ATM, pool table, cigarette/snack vendor and liquor permit/off-sale. Restaurant area with 60 seats and large well-equipped kitchen. This would be a great investment opportunity in the thriving community of Meadow Lake. Check out these websites www.norwestermotorinn.ca and www.meadowlake.ca (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.75M
Down payment30% · $825K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$13K

Projected NOI

$150K

Annual cash flow

$-2K

Cash-on-cash

-0.25%

DSCR

0.99

Going-in cap

5.47%

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
Cascade Foods Inc.9,430 SF2034-04
Cascade Foods Inc.6,069 SF2034-04
Cascade Foods Inc.10,749 SF2034-04

Area demographics

Trade area within 3 miles of the property.

Population

140,899

Households

51,115

Median income

$62,500

Median age

39.7

Daytime population

148,054

5-yr growth

3.9%

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

Secure deal room

Confidential diligence documents for 412 9th STREET W, Meadow Lake.

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.