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227 Main STREET located in Radville, Saskatchewan

1 / 49

227 Main STREET, Radville Saskatchewan S0C2G0
54 days

CA$869,000

$2569/ month

Mortgage Payment

Beds

Baths

Date
23 Apr
Time
Anytime
In person
In Person
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Description

RBar Restaurant and Hotel has been recognized with an award from Tourism Saskatchewan. It is multi-business property in the thriving community of Radville located in SE Saskatchewan. There are multi-i


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227 Main STREET, Radville Saskatchewan S0C2G0 image #0
Available
54 days

227 Main STREET, Radville Saskatchewan S0C2G0

CA$869,000

$2569/ month

Mortgage Payment

Date
23 Apr
Time
Anytime
In person
In Person
Online
Online
video thumbnail

Mortgage Calculator

Your Payment

CA$2,569/ monthly

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Dale Mundi

Broker of Record



RBar Restaurant and Hotel has been recognized with an award from Tourism Saskatchewan. It is multi-business property in the thriving community of Radville located in SE Saskatchewan. There are multi-income streams from the bar, hotel (22 rooms), bed and breakfast (5 themed rooms), restaurant, 3 VLTs (additional 3 are in application) plus other potential income opportunities. The hotel part of the property has 22 rooms with a bed and breakfast area with 7 themed rooms plus owner's suite(2 bedroom suite) and manager’s suite( 1 bedroom suite). The 22"hotel type" rooms have serious potential for a senior citizen care home as it is separate from the bar and restaurant. The premises have been recently renovated with the most recent renovations in May 2016 being the kitchen area. The replacement cost of the property and inclusions are estimated to be in excess of $2 million. Additionally, there is a 60'x120' vacant lot adjacent to the premises and included with the sale. This is an exceptional investment opportunity with Care Home potential as there are 22 rooms. Owner financing would be considered for qualified buyers. The local economy is primarily driven by agriculture and diverse supporting service industries. Financials available upon signing a NDA. Owners and owners' kids live in the owner's suite (2 bedroom suite). We figured out that the owner's family get about a benefit of $40,000 (housing and living expenses) per year from the property and business that is for sale. Check out http://rbarrestaurant.ca/ (id:44040)

227 Main STREET, Radville, Saskatchewan

This Commercial property located at 227 Main STREET, Radville, Saskatchewan is approximately 23790 sqft in area. This located in the neighbourhood of Radville city has a Freehold ownership status and is currently on sale for CA$869,000 canadian dollars. This property MLS#: SK955134 has been live on our site for 115 days

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Mortgage Agent
Harminder Grewal

Harminder has more than 10 years of experience.

Language:

English

Response Time:

Within an hour
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Lawyer
Andrew Wilson

Andrew has more than 10 years of experience.

Language:

English

Response Time:

Within an hour
Related Properties

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The listing data is deemed reliable but is not guaranteed accurate by the TRREB, Real Estate Hut Realty Inc. or Dale Mundi.
The listing data above is provided under copyright by the Canadian Real Estate Association. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association or Dale Mundi.
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