Property Description

PRICED AT $57,895/DOOR

This 57-room, limited service motel is located on one of Saskatoon’s busiest throughways, Idylwyld Drive N. The property has nearby access to Circle Drive which serves all major highways exiting City limits. City of Saskatoon traffic counts are over 17,000 vehicles per day past this site. The hotel has undergone considerable renovations. The motel includes 57 guest rooms, a business desk area in the lobby and a breakfast room for guests. There are ten different room types ranging from single rooms, double rooms with a hide-a-bed, to a live-in suite, 7 large, multiple-room suite kitchenettes and two-room suites. There are 11 kitchenettes, 1 manager suite and 7 suites, and an attractive, bright, east-facing, breakfast room. The hotel is a two-storey concrete block structure on an assumed concrete grade beam foundation (drawings were not provided). The exterior is a combination of vinyl and wood siding and a peaked metal roof.

SITE DETAILS
• Two-storey hotel with 57 rooms
• U shape exterior access, with Lobby facing parking lot for security
• All rooms equipped with fridges and microwaves
• Updated wiring for Wi-fi (Shaw)
• Large patio with BBQ

LAND SIZE
±0.91 acres, 325’ frontage x 122’ 

SALE PRICE
$5,150,000

PROPERTY TAXES
$35,536.56 (2021)

NET OPERATING INCOME (NOI)
Financials available upon execution of a confidentiality agreement.

CAPITAL IMPROVEMENTS
• Commercial laundry room renovated (2015) with two Heubsch 40Ib high speed extraction washing machines and two 35Ib Heubsch dryers
• Upgraded Energy Efficient Windows (2015)
• Customer laundry room added (2015)
• New 37” and 40” TV`s
• 35 New PTAC`s (air conditioner/heating units) (2014)
• All cable for TV boxes and internet has been upgraded to 24 internet hotspots with unlimited data (2016)
• Two new Commercial Hot Water Tanks (2018/2019)
• $130,000 3-Phase Power Upgrade (2020)
• $30,000 RFID Lock Upgrades (2020)
• $15,000 Parking Lot upgrades (2020)

ZONING
IL1 – Light Industrial

LEGAL DESCRIPTION
Lots 9-21 Block 16 Plan G215

POSSESSION
To be arranged

    1825 Idywlyld Dr N, Saskatoon, SK

    Motel For Sale

    $3,300,000
    Listing ID #2365
    Barry Stuart
    Kelly Macsymic B.ED
    Contact