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For Sale · Hospitality

412 9th STREET W, Meadow Lake

412 9th STREET W, Meadow Lake, SK S9X1S7

$2.8M total

29,760 SF

Asset Class

Hospitality

Size

29,760 SF

Building class

B

Zoning

CHY — Highway Corridor

$ / SF

$92

Occupancy

88%

Year Built

1975

Lot Size

1.14 ac

About this property

Prime Location! This full-service hotel is located along Highway #4 and has 25 guest rooms, restaurant, lounge and off-sale. It is currently operating as Nor'Wester Motor Inn/Milltown Sports Bar. Built in 1975 with additions in 1987 and 1996. Building size is 29,760 sq. ft. and it sits on 3 lots measuring 300ft x 164ft (1.14 acres). Rooms in the motel area consist of 1 suite, 16 single, 7 double and 1 double kitchenette. Lounge area with 60 seats, 14 VLT's, ATM, pool table, cigarette/snack vendor and liquor permit/off-sale. Restaurant area with 60 seats and large well-equipped kitchen. This would be a great investment opportunity in the thriving community of Meadow Lake. Check out these websites www.norwestermotorinn.ca and www.meadowlake.ca (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.75M
Down payment30% · $825K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$13K

Projected NOI

$140K

Annual cash flow

$-12K

Cash-on-cash

-1.46%

DSCR

0.92

Going-in cap

5.10%

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
Vector Robotics13,107 SF2031-07
Halcyon Wealth Partners6,530 SF2031-07
Vector Robotics3,243 SF2031-07
Vector Robotics3,160 SF2031-07

Area demographics

Trade area within 3 miles of the property.

Population

132,234

Households

60,932

Median income

$124,000

Median age

34.4

Daytime population

141,907

5-yr growth

7.6%

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

Secure deal room

Confidential diligence documents for 412 9th STREET W, Meadow Lake.

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.