For Sale · Hospitality

303 Railway AVENUE, Colonsay

303 Railway AVENUE, Colonsay, SK S0K0Z0

$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

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$200K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

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.

Rent roll (estimated)

TenantAreaExpiry
Halcyon Wealth Partners1,039 SF2028-06
Halcyon Wealth Partners1,333 SF2028-06

Area demographics

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.

Secure deal room

Confidential diligence documents for 303 Railway AVENUE, Colonsay.

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.