SK > Creighton
Creighton, SK S0P 0A0,225 Creighton AVENUE
Creighton, SK S0P 0A0,225 Creighton AVENUE
Creighton, SK S0P 0A0,225 Creighton AVENUE
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Listed by Soon Il (Simon) Choi • Boyes Group Realty Inc.
$1,990,000
Est. payment /mo
21,326 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 21,326 sqft

Price per Sqft $93

MLS Listing ID SK988941

Originating Board Saskatchewan

Year Built 1988

Lot Size 1.190 Acres

Acres 1.19

Property Sub-Type Hotel/Motel

Property Description

This well-maintained two-story motel features 36 rooms and an on-site lounge with four VLTs. Sales are $858,000 in 2024 and $758,000 in 2023, and Occupation Rate is 62.8% in 2024 and 55.4% in 2023. Operating as an almost absentee-owner business, it offers significant potential for increased sales, particularly due to its proximity to a mining and smelting company. Recent renovations include a newly replaced roof, beds, room heaters, carpets, and bathrooms, contributing to a competitive edge and a steady increase in sales. The property also includes a manager's suite with three bedrooms and a full bath. The restaurant space is currently leased, and it boast an impressive CAP rate of 20.60%

Location

Province SK

Interior

Heating Air Conditioning, Hot Water

Building

Structure Type Wood Frame

Others

Ownership Freehold

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225 Creighton AVENUE

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