118 1st Avenue E,Leader, SK S0N1H0
Leader, SK S0N1H0
Description
An ideal opportunity for a family-run business with significant potential to increase revenue. This well-established property has served the community for over 50 years and offers multiple income streams, including 22 guest rooms, a manager's suite, bakery space, bar, seven VLTs, liquor license(s) for resale, tavern and home delivery (purchasers would have to apply for independently), and a fully equipped 80-seat restaurant. The property presents a compelling value-add opportunity, with strong local demand for food service in the area as expressed by Community Leadership. The restaurant currently operating only on weekdays providing excellent growth opportunity. The main floor features a welcoming lobby with direct access to the restaurant and tavern located just off the main corridor. The bar includes a convenient dock-height loading area for deliveries and a dedicated beer cooler. Additional liquor storage with display shelving is also in place. The commercial kitchen is fully equipped with gas-fired grills, fire suppression systems, a walk-in freezer, refrigerator, and dedicated dry storage areas, supporting efficient food service operations. Guest accommodations are located on the second and third floors and include 13 single-bed rooms and 9 double-bed rooms. Each room tastefully decorated is equipped with a flat-screen TV, refrigerator, microwave, and coffee maker. A guest laundry facility is available on the third floor. The property is being offered as a turnkey operation, including all chattels such as computer systems, security monitoring equipment, and restaurant assets. All equipment is believed to be in good working order (exception one refrigerator located behind the restaurant buffet area). The equipment is offered on an "as is where is" basis without warranty. (id:13843)
Details
| MLS # | SK032289 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1912 |
| Days On Site | 206 |
| Listing Provided By | Royal LePage® Landmart | Doug Martin |
Features
| SQ Feet | 13,656 |
|---|---|
| Acreage | 0.53 |
Interior
| Heating | Electric, Furnace |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Security Features | Security |
|---|
Taxes
| Tax Annual Amount | 7455 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | SK |
|---|---|
| City | Leader |
| Postal Code | S0N1H0 |
| Listing VS Median (in S0N1H0) | |
Price: $650,000 low | high Med: $285,000 sqft: 13,656 low | high Med: 1,512 $ / sqft: $48 low | high Med: $188 On site: 206 low | high Med: 0 | |
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Learn More About This Property
| Province | SK |
|---|---|
| City | Leader |
| Postal Code | S0N1H0 |
| Listing VS Median (in S0N1H0) | |
Price: $650,000 low | high Med: $285,000 sqft: 13,656 low | high Med: 1,512 $ / sqft: $48 low | high Med: $188 On site: 206 low | high Med: 0 | |