Business For Sale · Specialty

395 Riverview ROAD, Yorkton

395 Riverview ROAD, Yorkton, SK S3N3V6

$599,000 total

3,829 SF

Asset Class

Specialty

Size

3,829 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$156

Occupancy

85%

Year Built

1979

Lot Size

0.7 ac

About this property

Turnkey Airbnb & Mixed-Use Opportunity on 0.70 Acres! This unique, well-maintained property offers residential, commercial, and income-producing potential in one versatile package. The approximately 2,380 sq. ft. residential space spans two levels and was most recently operated as a successful Airbnb, with the setup ready for a new owner to continue operating. It features three spacious bedrooms, two ensuite bathrooms, a four-piece main bath, laundry room, and an updated open-concept kitchen, dining, and living area. Recent improvements include vinyl plank flooring, updated kitchen and bathrooms, and Hunter Douglas window coverings. The kitchen is equipped with a Maytag refrigerator and stove (2015), Amana dishwasher (2020), and Broan range hood. The laundry room includes a Maytag top-load washer and dryer (2015). The approximately 1,449 sq. ft. commercial space is spread over three levels and includes a reception area, five private offices, washroom, storage room, and a large open area previously used for office and daycare purposes. Major exterior upgrades completed in 2017 include new windows, HardiePlank siding, eavestroughs and downspouts, soffit and fascia, rear door with sidelight, and 45-year shingles. The property also offers multiple storage sheds, fencing, and attractive landscaping. Live in the residential space, continue the Airbnb operation, run a business, or combine multiple uses. With substantial updates, generous square footage, and 0.70 acres of land, this property offers flexibility and immediate income-producing potential. (id:66811)

Financial sandbox

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Estimate
Purchase price$599K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$31K

Annual cash flow

$-2K

Cash-on-cash

-1.21%

DSCR

0.93

Going-in cap

5.18%

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
Vector Robotics1,304 SF2034-11
Vector Robotics1,932 SF2034-11

Area demographics

Trade area within 3 miles of the property.

Population

106,454

Households

42,575

Median income

$109,000

Median age

33.8

Daytime population

138,919

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 395 Riverview ROAD, Yorkton.

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.