447 Saskatchewan STREET, Elbow447 Saskatchewan STREET, Elbow — photo 2447 Saskatchewan STREET, Elbow — photo 3447 Saskatchewan STREET, Elbow — photo 4447 Saskatchewan STREET, Elbow — photo 5447 Saskatchewan STREET, Elbow — photo 6447 Saskatchewan STREET, Elbow — photo 7447 Saskatchewan STREET, Elbow — photo 8447 Saskatchewan STREET, Elbow — photo 9447 Saskatchewan STREET, Elbow — photo 10447 Saskatchewan STREET, Elbow — photo 11447 Saskatchewan STREET, Elbow — photo 12447 Saskatchewan STREET, Elbow — photo 13447 Saskatchewan STREET, Elbow — photo 14447 Saskatchewan STREET, Elbow — photo 15447 Saskatchewan STREET, Elbow — photo 16447 Saskatchewan STREET, Elbow — photo 17447 Saskatchewan STREET, Elbow — photo 18447 Saskatchewan STREET, Elbow — photo 19447 Saskatchewan STREET, Elbow — photo 20447 Saskatchewan STREET, Elbow — photo 21447 Saskatchewan STREET, Elbow — photo 22447 Saskatchewan STREET, Elbow — photo 23447 Saskatchewan STREET, Elbow — photo 24
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For Sale · Hospitality

447 Saskatchewan STREET, Elbow

447 Saskatchewan STREET, Elbow, SK S0H1J0

$484,000 total

2,600 SF

Asset Class

Hospitality

Size

2,600 SF

Building class

B

Zoning

CHY — Highway Corridor

$ / SF

$186

Occupancy

93%

Year Built

1993

About this property

Discover the delightful and lively resort community of Elbow, SK, nestled on the shores of Lake Diefenbaker. With convenient access to nearby Mistusinne and Douglas Provincial Park, this resort offers a variety of activities including swimming, boating, fishing, and golfing at the exquisite Harbour Golf Club & Resort. It's just an hour and 15 minutes from Saskatoon and Moose Jaw, and two hours from Regina. This family-run business has thrived for over 30 years and is remarkably simple to manage. The property features coded doors for secure, hassle-free entry and allows for telephone payments. Recent upgrades include a new boiler in 2023, fresh exterior paint from 2021-22, a water heater in 2014, shingles replaced about 8 years ago, new vinyl flooring from 2021-22, and a washer/dryer in 2021. New front concrete parking. It offers 9 rooms, with double rooms at $110 and single rooms at $75. An onsite small office contains the laundry and administrative area. Guests can enjoy a patio on the east side and a communal concrete deck adjacent to the restaurant and motel on the west. Delicious breakfast is conveniently available just steps away. The owner has the flexibility to manage this gem of a business on-site or remotely via phone while traveling. Don't miss out on this exceptional opportunity. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$484K
Down payment30% · $145K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$36K

Annual cash flow

$9K

Cash-on-cash

6.38%

DSCR

1.35

Going-in cap

7.46%

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
Lakeview Physiotherapy1,657 SF2032-11
Halcyon Wealth Partners766 SF2032-11

Area demographics

Trade area within 3 miles of the property.

Population

68,358

Households

24,879

Median income

$84,500

Median age

43.9

Daytime population

98,591

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for 447 Saskatchewan STREET, Elbow.

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.