225 Creighton AVENUE, Creighton225 Creighton AVENUE, Creighton — photo 2225 Creighton AVENUE, Creighton — photo 3225 Creighton AVENUE, Creighton — photo 4225 Creighton AVENUE, Creighton — photo 5225 Creighton AVENUE, Creighton — photo 6225 Creighton AVENUE, Creighton — photo 7225 Creighton AVENUE, Creighton — photo 8225 Creighton AVENUE, Creighton — photo 9225 Creighton AVENUE, Creighton — photo 10225 Creighton AVENUE, Creighton — photo 11225 Creighton AVENUE, Creighton — photo 12225 Creighton AVENUE, Creighton — photo 13225 Creighton AVENUE, Creighton — photo 14225 Creighton AVENUE, Creighton — photo 15225 Creighton AVENUE, Creighton — photo 16225 Creighton AVENUE, Creighton — photo 17225 Creighton AVENUE, Creighton — photo 18225 Creighton AVENUE, Creighton — photo 19225 Creighton AVENUE, Creighton — photo 20225 Creighton AVENUE, Creighton — photo 21225 Creighton AVENUE, Creighton — photo 22225 Creighton AVENUE, Creighton — photo 23225 Creighton AVENUE, Creighton — photo 24225 Creighton AVENUE, Creighton — photo 25225 Creighton AVENUE, Creighton — photo 26225 Creighton AVENUE, Creighton — photo 27225 Creighton AVENUE, Creighton — photo 28225 Creighton AVENUE, Creighton — photo 29
1/29
For Sale · Hospitality

225 Creighton AVENUE, Creighton

225 Creighton AVENUE, Creighton, SK S0P0A0

$2.7M total

15,452 SF

Asset Class

Hospitality

Size

15,452 SF

Building class

C

Zoning

CHY — Highway Corridor

$ / SF

$174

Occupancy

93%

Year Built

1988

Lot Size

1.19 ac

About this property

Business Opportunity! This busy hotel in Creighton, SK features 36 rooms, restaurant, and a sports bar with 4 VLTs!, and a large banquet room. The Prospector Inn is a Creighton institution, as the only hotel in the northern Saskatchewan village; and it is one of only 3 hotels in the Creighton/Flin Flon area. The restaurant and bar are currently leased out to a tenant for extra no-risk/effort monthly revenue. The banquet room seats up to 120 people for a variety of functions. The owner is mostly absentee and has a manager for daily operations. There is a manager's suite with 3 bedrooms and a bathroom, which is amazing for attracting/retaining a full-time manager. Financials are available only to qualified buyers. Please do not interrupt the businesses; contact an agent to schedule a viewing of the property. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.69M
Down payment30% · $807K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$189K

Annual cash flow

$40K

Cash-on-cash

4.94%

DSCR

1.27

Going-in cap

7.02%

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 Partners5,952 SF2028-12
Halcyon Wealth Partners3,511 SF2028-12
Lakeview Physiotherapy2,034 SF2028-12
Lakeview Physiotherapy2,936 SF2028-12

Area demographics

Trade area within 3 miles of the property.

Population

109,586

Households

46,862

Median income

$73,500

Median age

39.3

Daytime population

112,579

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for 225 Creighton AVENUE, Creighton.

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.