1/17307 Railway AVENUE, Springside
307 Railway AVENUE, Springside, SK S0A3V0
$149,000 total
4,220 SF
Asset Class
Hospitality
Size
4,220 SF
Building class
A
Zoning
CHY — Highway Corridor
$ / SF
$35
Occupancy
93%
Year Built
1954
Lot Size
0.35 ac
About this property
Hotel California is a currently closed former hotel, bar, and restaurant located in Springside, SK, along Yellowhead Highway #16, approximately 25 km from Yorkton and 25 km from Good Spirit Lake Provincial Park. The property includes four upper-level guest rooms. The main floor has a bar/restaurant area with seating for approximately 60 and a fenced patio. The property previously operated with VLTs, an ATM, and an SLGA off-sale liquor licence. The lower level includes an owner’s living area with a living room, bedroom, walk-in closet, and full bathroom. A gas tank located beside the property is included in the sale. The property is currently closed and is being sold in as-is condition. No historical financial information is available. The previous off-sale liquor licence has been returned to SLGA and may only become available through a future SLGA auction. Any future liquor licence or VLT approval is subject to SLGA requirements and approval. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$688
Projected NOI
$10K
Annual cash flow
$1K
Cash-on-cash
3.04%
DSCR
1.16
Going-in cap
6.45%
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)
| Tenant | Area | Expiry |
|---|---|---|
| Blue Harbour Design | 1,708 SF | 2029-02 |
| Blue Harbour Design | 961 SF | 2029-02 |
| Blue Harbour Design | 542 SF | 2029-02 |
| Blue Harbour Design | 713 SF | 2029-02 |
Area demographics
Trade area within 3 miles of the property.
Population
77,571
Households
32,092
Median income
$78,000
Median age
39.9
Daytime population
123,471
5-yr growth
3.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 307 Railway AVENUE, Springside.
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.