303 La Ronge AVENUE, La Ronge303 La Ronge AVENUE, La Ronge — photo 2303 La Ronge AVENUE, La Ronge — photo 3303 La Ronge AVENUE, La Ronge — photo 4303 La Ronge AVENUE, La Ronge — photo 5303 La Ronge AVENUE, La Ronge — photo 6303 La Ronge AVENUE, La Ronge — photo 7303 La Ronge AVENUE, La Ronge — photo 8303 La Ronge AVENUE, La Ronge — photo 9303 La Ronge AVENUE, La Ronge — photo 10
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For Sale · Hospitality

303 La Ronge AVENUE, La Ronge

303 La Ronge AVENUE, La Ronge, SK S0J1L0

$1.9M total

12,848 SF

Asset Class

Hospitality

Size

12,848 SF

Building class

A

Zoning

CHY — Highway Corridor

$ / SF

$147

Occupancy

95%

Lot Size

0.85 ac

About this property

Do not look more for other business opportunities. This is a solution for you. Excellent property with profitable (Motel) business which comes with a property. This nicely laid out motel boasts with 26 guest rooms and well maintained property is absolutely busy year around and located in one of the best locations in town of La Ronge. Town of La Ronge is well known town for being busy year around. On top of already busy situation, there are new projects coming up with newer infrastructures such as (New Expansion of Hospital) Newer Electric Poles to be added in town by Fortis and new Gold mines are expected to open nearby towns. So a lot of workers are expected to stay in the motel in town of La Ronge. There are too many newer projects are being proposed and expected, which all these new projects will help the increase Motel Sales. This lovely town of La Ronge is busy in the summertime with the travelers (Lakeside cottage users and Water sports related travelers and vacationers) and it gets busy again in the wintertime from the fishing leisure travelers and workers. Take this great business opportunity! Please respect the business, do not approach to the business unattended, do not speak to the seller's staff or to seller directly. Thank you. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.89M
Down payment30% · $567K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$147K

Annual cash flow

$43K

Cash-on-cash

7.54%

DSCR

1.41

Going-in cap

7.80%

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 Logistics6,897 SF2027-11
Northbridge Logistics3,016 SF2027-11
Northbridge Logistics1,300 SF2027-11
Northbridge Logistics1,018 SF2027-11

Area demographics

Trade area within 3 miles of the property.

Population

142,455

Households

63,758

Median income

$81,500

Median age

40.8

Daytime population

174,267

5-yr growth

4%

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

Secure deal room

Confidential diligence documents for 303 La Ronge AVENUE, La Ronge.

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.