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In-PersonVirtual Tour
$ 649,900
Est. payment | /mo
8,008 SqFt
$ 649,900
Est. payment | /mo
8,008 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 8,008 sqft
Price per Sqft $81
MLS Listing ID SK028971
Year Built 1914
Annual Tax Amount $9,683
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Mixed Use
Source Saskatchewan
Property Description
FULLY-OCCUPIED PRIME COMMERCIAL BUILDING located in the heart of Moose Jaw's downtown core!! Unique Corner ‘L-SHAPED' construction allows for TWO SEPARATE STOREFRONTS – one on Main Street and one on High Street. Current anchor tenants include EVANS FLORIST, as well as ESSENTIAL ELEMENTS & METAPHYSICAL. The second floor features 8 separate suites – four bachelor suites & four one-bedroom suites, plus common laundry – all fully occupied. Each level is approx. 4000 sq/ft. Combined Rents for all tenants currently generate a gross income of $7590/month, and annually $91,080. Base 2025 expenses include property tax ($9,683), utilities ($18,108), insurance ($12,782). Evans Florist on lease until 2028. All other tenants on monthly term agreements. Property has been well maintained over many decades by same ownership group. A true definition of Pride of Ownership! Steam boiler system upgraded and regular maintained/inspected. Solid masonry structure. Usable/functional basement. A treat to view and an exceptional opportunity to add to your investment portfolio! *Cap rate currently at 6.25%. Rents are low compared to typical rentals. With increases to future rents (to bring in line with typical, average rents), it would be reasonable to expect a cap rate ranging from 8% to 10%.*
Location
State SK
Community Central Mj
Interior
Heating Hot Water
Cooling Hot Water
Exterior
Amenities Available Store Front
Others
Ownership Freehold
Listed by Ottawa Real Estate Co. Ltd.
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