For Sale · Hospitality

101 Center STREET, Assiniboia

101 Center STREET, Assiniboia, SK S0H0B0

$455,000 total

6,410 SF

Asset Class

Hospitality

Size

6,410 SF

Building class

C

Zoning

CB2 — Central Business

$ / SF

$71

Occupancy

100%

Year Built

1974

About this property

Turn-Key 19-Unit Motel – Assiniboia, SK Excellent opportunity to own a well-maintained 19-unit motel in the progressive community of Assiniboia. This meticulously maintained property, spanning 0.66 acres, includes a manager’s suite and office, allowing convenient on-site operation. The motel features 11 king rooms and 8 double rooms, excellent living apartment , ample guest parking, and an on-site laundry facility for room turnover for the future projection plan. The laundry area also offers potential to develop into a separate laundromat business serving the community. Prime location on Centre Street at the intersection of Highway #2 and Highway #13, providing strong visibility and easy access for highway traffic. Sale includes an adjoining 125’ x 125’ commercially zoned vacant lot, offering excellent future development or expansion potential. Assiniboia is approximately 110 km south of Moose Jaw and offers full amenities including hospital, schools, shopping, library, and community center. The region benefits from major infrastructure investment, including the 200 MW Golden South Wind Project located just south and east of town, supporting ongoing economic activity. Ideal opportunity for owner-operators or investors seeking stable income with additional upside potential. The motel was purchased in September 2023 and remained closed throughout 2024 and 2025 for extensive renovations, including the replacement of the boiler system. As a result, there were no operating revenues during that period. The motel reopened in April 2026 and is currently in operation. The sellers are motivated to sell and VTB is available since The owner is an absentee owner and currently resides outside the country. (id:66811)

Financial sandbox

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Estimate
Purchase price$455K
Down payment30% · $137K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$35K

Annual cash flow

$10K

Cash-on-cash

7.41%

DSCR

1.40

Going-in cap

7.77%

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
Halcyon Wealth Partners6,404 SF2030-06

Area demographics

Trade area within 3 miles of the property.

Population

145,681

Households

64,921

Median income

$111,000

Median age

34.5

Daytime population

241,775

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 101 Center STREET, Assiniboia.

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.