UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,376 sqft
Price per Sqft $97
MLS Listing ID SK029163
Year Built 1964
Annual Tax Amount $5,427
Tax Year 2025
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Mixed Use
Source Saskatchewan
Property Description
INCOME-PRODUCING INVESTMENT PROPERTY in the resort community of Elbow, just minutes from LAKE DIEFENBAKER. Situated on two titled lots totaling approximately 0.27 acres, this recently retrofitted 3,376 sq ft commercial-zoned building offers multiple revenue possibilities. ALL FIVE LOWER-LEVEL ROOMS ARE CURRENTLY RENTED AT $800 PER MONTH EACH, GENERATING $4,000 IN GROSS RENTAL INCOME PER MONTH.
The renovated lower level is well configured for rental use, featuring FIVE SPACIOUS BEDROOMS, a shared TV/lounge area, dining space and large working kitchen with updated appliances. Two bathrooms serve this level, including a 3-piece with shower and separate 2-piece. Each bedroom includes fresh-air returns, the electrical has been fully updated, and the boiler system is well maintained and regularly serviced.
The main floor offers a LARGE GYM OR MULTI-PURPOSE SPACE with potential for additional revenue as event space, studio, recreational area or common space for guests. A raised stage is currently set up as a living area with couches and a large television, with an additional bedroom off the stage and a third 3-piece bathroom. A working elevator provides FULL WHEELCHAIR ACCESSIBILITY, further expanding potential uses. Air conditioning, onsite parking, and included equipment and improvements allow for immediate use with minimal startup costs.
With existing rental income and additional space to develop further revenue streams, the property offers potential for WORKFORCE HOUSING, SHORT-TERM RENTALS, BOUTIQUE LODGING, HUNTING AND FISHING GROUPS, SEASONAL TOURISM, STAFF HOUSING, or a mixed live/work investment strategy. Elbow's tourism base, including boating, fishing, golf and fall hunting, provides both seasonal and year-round opportunities.
Seller will consider vendor financing for a two-year term and may also consider a suitable trade, providing additional flexibility for investors.
Location
Province SK
Interior
Heating Air Conditioning, Electric, Hot Water
Cooling Air Conditioning, Electric, Hot Water
Exterior
Amenities Available Floor Drains, Onsite Parking, Sump
Building
Sewer Attached to Municipal
Others
Ownership Freehold
Virtual Tour https://youtu.be/BZzDx11ByiA
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