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$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
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)
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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.
| Tenant | Area | Expiry |
|---|---|---|
| Northbridge Logistics | 4,635 SF | 2032-02 |
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.
Confidential diligence documents for 401 1ST STREET, Montmartre.
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.