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For Sale · Hospitality

15686 9 HIGHWAY, Good Lake Rm No. 274

15686 9 HIGHWAY, Good Lake Rm No. 274, SK S0A0L0

$485,000 total

3,520 SF

Asset Class

Hospitality

Size

3,520 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$138

Occupancy

88%

Year Built

1957

Lot Size

3 ac

About this property

The most unique opportunity for a live/work situation you may find in Saskatchewan. 1952 square foot, 1957 built 8 unit motel with office, fully furnished, ready to rent as is, or renovate into whatever your boutique motel dreams may be. The true highlight of this property is the massive, 1598 square foot, updated bungalow with attached double garage. Built in 1960 with an addition in 1983, this 3 bedroom, 3 bathrooms with renovated basement bungalow will check off so many items on your list. All appliances included, fridge, stove, range hood fan, washer, dryer, updated high efficiency natural gas furnace, central air conditioning, natural gas water heater, weeping tile system, and the feel of HOME when you walk through the front door. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$485K
Down payment30% · $146K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$28K

Annual cash flow

$1K

Cash-on-cash

0.71%

DSCR

1.04

Going-in cap

5.76%

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
Meridian Health Group3,091 SF2030-10

Area demographics

Trade area within 3 miles of the property.

Population

59,659

Households

22,016

Median income

$128,500

Median age

38.3

Daytime population

64,608

5-yr growth

5.3%

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

Secure deal room

Confidential diligence documents for 15686 9 HIGHWAY, Good Lake Rm No. 274.

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.