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$239,000 total
6,000 SF
Asset Class
Hospitality
Size
6,000 SF
Building class
A
Zoning
CB2 — Central Business
$ / SF
$40
Occupancy
82%
Year Built
1905
Lot Size
0.46614646464646464 ac
Just 45 minutes from Saskatoon, this exceptional 6000 sq ft, two-storey commercial property in the Town of Hanley offers a rare opportunity to acquire the building, land and a fully operational restaurant-bar business with diverse revenue streams and strong community roots. The main floor features the only Canadian-style restaurant bar in Hanley, equipped with a restaurant liquor permit (minors allowed 11 a.m.–10 p.m.), off-sale liquor permit, tobacco permit, 6 VLTs, 1 ATM, pool table, kickboxing machine, and jukebox, with seating capacity for 100 guests plus an inviting covered outdoor patio. A spacious 18' × 12' walk-in cooler, fully outfitted commercial kitchen, and a 20' × 24' single attached rear garage add to operational efficiency for the owner or manager. The second floor provides extensive accommodation, including one guest suite with kitchen and private bath, five guest rooms with individual sinks, two shared bathrooms with shower stalls, and a storage room. The opposite side of the upper level features an owner’s suite, an office, and a versatile flex room suitable as an additional office, guest room, or manager’s room. The building is heated by a natural-gas floor-model furnace with forced air and cooled by wall A/C units in select areas. Hanley draws steady traffic with amenities such as a hockey rink, golf course, nearby horse racing, and a regional high school, while the business benefits from loyal patrons, including local residents, sports fans, and families from provincial football and youth hockey leagues. The current owner actively supports local sports and is willing to stay for training, making this a smooth transition for the next operator of this thriving multifaceted establishment. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$10K
Annual cash flow
$-3K
Cash-on-cash
-3.99%
DSCR
0.78
Going-in cap
4.34%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Lakeview Physiotherapy | 2,721 SF | 2027-12 |
| Lakeview Physiotherapy | 1,221 SF | 2027-12 |
| Lakeview Physiotherapy | 540 SF | 2027-12 |
| Lakeview Physiotherapy | 443 SF | 2027-12 |
Trade area within 3 miles of the property.
Population
118,163
Households
44,636
Median income
$102,000
Median age
44.8
Daytime population
171,563
5-yr growth
8.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 200 Washington AVENUE, Hanley.
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.