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Business For Sale · Hospitality

109 Centre STREET, Middle Lake

109 Centre STREET, Middle Lake, SK S0K2X0

$195,000 total

4,684 SF

Asset Class

Hospitality

Size

4,684 SF

Building class

C

Zoning

CB2 — Central Business

$ / SF

$42

Occupancy

83%

Year Built

1936

Lot Size

0.32 ac

About this property

Middle Lake Hotel – Business & Property For Sale Fantastic opportunity to own a fully operational hotel, bar, and restaurant with accommodations in Middle Lake, SK. The property includes 5 VLTs, Retail & Tavern liquor licenses (with off-sale), and a well-equipped commercial kitchen. The upper floor offers a one-bedroom suite plus five additional bedrooms and two bathrooms—ideal for owner’s residence, staff housing, or potential room rentals. Extensive upgrades completed in recent years: Major Upgrades ($70K+): new siding/soffit, hotel room renovations, reinforced basement walls, new furnace & water heater (2023), gutters, and more. Appliance Upgrades ($19K+): multiple commercial fridges, freezers, high-temp dishwasher, washer/dryer, Smart TV, and beverage cooler (2020–2025). Situated in a friendly community with a provincial park, Bethany Pioneer Village, and steady year-round traffic from vacationers and snowmobile trails, this is a turn-key business and real estate investment. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$195K
Down payment30% · $59K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$900

Projected NOI

$11K

Annual cash flow

$-214

Cash-on-cash

-0.37%

DSCR

0.98

Going-in cap

5.43%

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 Supply2,703 SF2033-07
Summit Trades Supply821 SF2033-07
Prairie Coffee Roasters400 SF2033-07

Area demographics

Trade area within 3 miles of the property.

Population

100,050

Households

36,303

Median income

$84,500

Median age

44.7

Daytime population

86,103

5-yr growth

2.8%

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

Secure deal room

Confidential diligence documents for 109 Centre STREET, Middle 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.