For Sale · Hospitality

1401 35 HIGHWAY S, Nipawin

1401 35 HIGHWAY S, Nipawin, SK S0E1E0

$995,000 total

4,757 SF

Asset Class

Hospitality

Size

4,757 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$209

Occupancy

97%

Year Built

1959

Lot Size

2.7 ac

About this property

Situated on a spacious 2.70 acre parcel in the heart of an incredible recreational hub for golfing, fishing, hunting, and snowmobiling; this well-established hospitality property offers an excellent live-and-work lifestyle with significant potential for future expansion. The property includes the Nipawin Motor Inn, which features 13 rooms: 10 kitchenettes and 3 non-kitchenette units. Complementing the motel is a seasonal RV Park equipped with 10 serviced lots. These lots were recently upgraded with 50 amp electrical service and provide water and sewer hookups from May to October, alongside a dedicated shower house for patrons. Additionally, a charming 3-season, air-conditioned cabin sleeps up to 8 guests and includes a full kitchen adding an extra rental income stream. For on-site living, the property features a fully developed 1,176-square-foot bungalow with 4 bedrooms and 2 bathrooms. The residence includes a 30x35 detached garage with natural gas heating, a covered 3-season room that opens to a large, fenced yard. The property has been well-maintained, with recent updates including the 800 amp electrical pedestal, motel shingle replacement in 2022, as well as the installation of two new furnaces, two new hot water heaters, a central air conditioning unit along with upgrades to flooring and washrooms in the Motel rooms. This is a great opportunity to own a versatile property where you can Live, Work and Relax with established income streams and exciting growth possibilities. (id:66811)

Financial sandbox

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Estimate
Purchase price$995K
Down payment30% · $299K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$78K

Annual cash flow

$23K

Cash-on-cash

7.77%

DSCR

1.42

Going-in cap

7.87%

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 Logistics2,086 SF2031-04
Northbridge Logistics1,143 SF2031-04
Northbridge Logistics1,404 SF2031-04

Area demographics

Trade area within 3 miles of the property.

Population

58,403

Households

26,987

Median income

$72,000

Median age

40

Daytime population

92,775

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 1401 35 HIGHWAY S, Nipawin.

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.