SK > Creighton
Creighton, SK S0P0A0,225 Creighton AVENUE
Creighton, SK S0P0A0,225 Creighton AVENUE
Creighton, SK S0P0A0,225 Creighton AVENUE
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RE/MAX Generation

RE/MAX Generation

+1(250) 858-5465
$1,990,000
Est. payment /mo
21,326 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 21,326 sqft

Price per Sqft $93

MLS® Listing ID SK988941

Originating Board Saskatchewan REALTORS® Association

Year Built 1988

Lot Size 1.190 Acres

Acres 51836.4

Property Sub-Type Freehold

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% (id:24570)

Location

Province SK

Rooms

Kitchen 0.0

Interior

Heating Hot Water

Exterior

Parking Features No

View Y/N No

Private Pool No

Others

Ownership Freehold

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Listed by Boyes Group Realty Inc.
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+1(250) 882-3335

alex@victoriahomes.com

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