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225 Creighton Avenue Creighton, Saskatchewan S0P 0A0

21326 sqft
Hot Water Acreage

$1,990,000

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:44479)

Property Details

MLS® Number SK988941
Property Type Hospitality

Building

Constructed Date 1988
Heating Type Hot Water
Size Exterior 21326 Sqft
Size Interior 21326 Sqft

Land

Acreage Yes
Size Irregular 1.19
Size Total 1.19 Ac
Size Total Text 1.19 Ac

https://www.realtor.ca/real-estate/27693613/225-creighton-avenue-creighton

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Simon Choi
Salesperson

(403) 479-1472

Boyes Group Realty Inc.
714 Duchess Street
Saskatoon, Saskatchewan S7K 0R3

(306) 653-2213
(888) 623-6153
https://boyesgrouprealty.com/