MNSKEY 647-325-5000

118 1st AVENUE E

Leader, SK, S0N1H0

Listed by Royal LePage® Landmart

$650,000

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  • 13656 sq ft

Listed 196 days ago · MLS® SK032289

About this home

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:66966)

Details

Type
Hospitality
Size
13656 sq ft
Property tax
$7,455 (2025)
Municipality
Leader

Interior

Fireplace
No

Heating, cooling and services

Heating
Electric, Furnace

Building and exterior

Year built
1912
Building area
13,656 square feet

Location

Location is approximate. See nearby homes on the map

Listed by Royal LePage® Landmart.

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