50
See all 50 photos
$650,000
Est. payment /mo
13,656 SqFt
Active Under Contract
118 1st AVE E Leader, SK S0N 1H0
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Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 13,656 sqft
Price per Sqft $47
MLS Listing ID SK032289
HOA Y/N No
Year Built 1912
Annual Tax Amount $7,455
Tax Year 2025
Lot Size 0.530 Acres
Acres 0.53
Lot Dimensions 200.00
Property Sub-Type Hotel/Motel
Property Description
An ideal opportunity for a family-run business with significant potential to increase revenue. This well-established property has served the community for over 50 years and offers multiple income streams, including 22 guest rooms, a manager's suite, bakery space, bar, seven VLTs, liquor license(s) for resale, tavern and home delivery (purchasers would have to apply for independently), and a fully equipped 80-seat restaurant. The property presents a compelling value-add opportunity, with strong local demand for food service in the area as expressed by Community Leadership. The restaurant currently operating only on weekdays providing excellent growth opportunity. The main floor features a welcoming lobby with direct access to the restaurant and tavern located just off the main corridor. The bar includes a convenient dock-height loading area for deliveries and a dedicated beer cooler. Additional liquor storage with display shelving is also in place. The commercial kitchen is fully equipped with gas-fired grills, fire suppression systems, a walk-in freezer, refrigerator, and dedicated dry storage areas, supporting efficient food service operations. Guest accommodations are located on the second and third floors and include 13 single-bed rooms and 9 double-bed rooms. Each room tastefully decorated is equipped with a flat-screen TV, refrigerator, microwave, and coffee maker. A guest laundry facility is available on the third floor. The property is being offered as a turnkey operation, including all chattels such as computer systems, security monitoring equipment, and restaurant assets. All equipment is believed to be in good working order (exception one refrigerator located behind the restaurant buffet area). The equipment is offered on an “as is where is” basis without warranty.
Location
Province SK
Area Leader
Interior
Heating Electric, Floor Furnace
Inclusions Equipment & Machinery, Fixtures, Goodwill, Parking
Fireplace No
Appliance Sump Pump
Exterior
Parking Features On Site
Total Parking Spaces 14
Building
Lot Description Sprinklers None
Others
Pets Allowed No
Ownership Freehold
Security Features Smoke Detector(s),Security System Owned,Building Security
Listed byRoyal LePage® Landmart
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