For Sale · Hospitality

501 Beach AVENUE, Turtle Lake

501 Beach AVENUE, Turtle Lake, SK S0M1J0

$698,900 total

6,458 SF

Asset Class

Hospitality

Size

6,458 SF

Building class

B

Zoning

CHY — Highway Corridor

$ / SF

$108

Occupancy

85%

Year Built

1973

Lot Size

1.06 ac

About this property

Discover your own slice of paradise at the South Bay Inn. 176 FEET OF SHORELINE FRONTAGE and 1.06 acres of beauty await your ownership. This enchanting property, nestled along the serene shores of South Bay, Turtle Lake, SK, isn't just an inn—it's a captivating retreat. The inn features six newly renovated rental rooms, each thoughtfully designed with modern amenities, including a 4-piece bath, satellite television, a fridge, and a coffee maker. Convenience abounds with on-site laundry facilities and an ice machine, plus a hotel manager's suite for your comfort. The South Bay Inn goes beyond mere accommodation; it offers a thriving tavern and restaurant with a combined capacity of 140 guests, complete with five VLTs for added entertainment and a lakefront licensed patio with breathtaking views. For boating enthusiasts, there's private dock parking for boats, ensuring your guests can fully savour the splendours of Turtle Lake. Notably, the property extends right to the shoreline without public reserve restrictions, opening up possibilities for future expansion. With commercial zoning, this is more than a property; it's an opportunity waiting to be seized. Whether you dream of running your lakeside haven, expanding existing offerings, or crafting a new vision entirely, the South Bay Inn is your canvas. Don't miss this once-in-a-lifetime chance to own your very own miniature resort. Get in touch now to embark on a South Bay Inn adventure like no other. Paradise beckons, right here in Turtle Lake, Saskatchewan. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$699K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$37K

Annual cash flow

$-2K

Cash-on-cash

-1.06%

DSCR

0.94

Going-in cap

5.22%

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
Cascade Foods Inc.3,494 SF2027-05
Cascade Foods Inc.1,254 SF2027-05
Cascade Foods Inc.709 SF2028-05

Area demographics

Trade area within 3 miles of the property.

Population

49,949

Households

23,171

Median income

$124,000

Median age

36.6

Daytime population

51,530

5-yr growth

1.1%

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

Secure deal room

Confidential diligence documents for 501 Beach AVENUE, Turtle Lake.

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.