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$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
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)
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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.
| Tenant | Area | Expiry |
|---|---|---|
| Northbridge Logistics | 2,086 SF | 2031-04 |
| Northbridge Logistics | 1,143 SF | 2031-04 |
| Northbridge Logistics | 1,404 SF | 2031-04 |
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.
Confidential diligence documents for 1401 35 HIGHWAY S, Nipawin.
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.