Business For Sale · Hospitality

401 1ST STREET, Montmartre

401 1ST STREET, Montmartre, SK S0G3M0

$349,000 total

5,511 SF

Asset Class

Hospitality

Size

5,511 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$63

Occupancy

84%

Year Built

1993

About this property

Looking for a turnkey business opportunity in a welcoming small-town setting? The Montmartre Hotel Bar & Grill, located just 1 hour east of Regina on Highway 48, offers a complete hospitality package. Built in 1993, this well-maintained commercial property features six updated hotel rooms equipped with A/C, fridge, microwave, and cable TV. The licensed bar and grill seats up to 132 guests and includes renovated washrooms, a 144” big screen, walk-in cooler, multiple fridges and freezers, and a fully equipped gas kitchen with charbroiler, grill, deep fryers, and stoves. Additional highlights include a 450 sq ft living space, on-site laundry, water softener, in-floor heating throughout, rooftop HVAC (2008), and a low-maintenance steel exterior. Over $90,000 in upgrades since 2019, including new flooring, mattresses, beds, and TVs. With a strong community presence and steady local support, this property is ideal for owner-operators or investors looking to expand their portfolio. An excellent opportunity in the heart of Montmartre. Contact your REALTOR® for more information and to schedule a showing. (id:66811)

Financial sandbox

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Estimate
Purchase price$349K
Down payment30% · $105K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$17K

Annual cash flow

$-3K

Cash-on-cash

-2.55%

DSCR

0.86

Going-in cap

4.78%

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
Northbridge Logistics4,635 SF2032-02

Area demographics

Trade area within 3 miles of the property.

Population

46,906

Households

18,630

Median income

$113,000

Median age

35.2

Daytime population

42,563

5-yr growth

5.8%

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

Secure deal room

Confidential diligence documents for 401 1ST STREET, Montmartre.

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.