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$199,900 total
2,448 SF
Asset Class
Hospitality
Size
2,448 SF
Building class
B
Zoning
CHY — Highway Corridor
$ / SF
$82
Occupancy
97%
Year Built
2009
Lot Size
0.43 ac
Unique commercial/residential property in Colonsay, SK! Built in 2009 on approx. 0.43 acres, this well-maintained property offers approx. 2,448 sq. ft. with 6 spacious private rooms(3 of them have kitchen), each approx. 334 sq. ft. with its own bathroom, plus a storage room and over 14,000 sq. ft. of yard space. Numerous recent upgrades incl. yard, deck, gate and landscaping, 2 replaced water heaters, plus updated toilets, TVs and heaters in the rooms. Indoor/outdoor furniture, equipment and many daily-use items are included, offering a convenient turn-key setup. Flexible commercial/residential use offers excellent potential for owner occupancy, room rentals, workforce accommodation, or a combination of living and rental use, subject to applicable zoning and municipal requirements. Conveniently located approx. 10 mins from Mosaic Colonsay and 16 mins from Nutrien Allan Potash. Colonsay offers a public school, post office, grocery store, gas station, swimming pool and other amenities. A versatile property with 6 private rooms, recent upgrades, ample outdoor space and excellent proximity to major area employers. Quick possession available. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$923
Projected NOI
$16K
Annual cash flow
$5K
Cash-on-cash
7.77%
DSCR
1.42
Going-in cap
7.87%
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 |
|---|---|---|
| Halcyon Wealth Partners | 1,039 SF | 2028-06 |
| Halcyon Wealth Partners | 1,333 SF | 2028-06 |
Trade area within 3 miles of the property.
Population
144,500
Households
57,703
Median income
$78,500
Median age
43.3
Daytime population
128,345
5-yr growth
6.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 303 Railway AVENUE, Colonsay.
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.