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Commercial space for sale Canora, $499,000

#202069 | Corner of Highway 9 & 5

Owner's comments

Service Station-Convenience Store-Repair Shop-Beautiful Modern Residence & Huge Yard

$499,000.00
Business Appraisal of $614,000.00 with the Service Bays Operating

Very attractive, unique and profitable business located in Canora, Sk. (http://www.canora.com/) Not only is this area situated in the middle of 3 lakes and 2 provincial parks, it is also situated by recent major gas, oil and potash development.  The present owners of almost 32 years would like to stay and take advantage of these new opportunities, but health issues force the sale.

The business consists of a service station, convenience store with movie rentals and a 3 bay repair shop.  The building is in excellent condition.  The property is maintained meticulously and is environmentally approved with over $80,000.00 in recent upgrades done.  An agreement with a major fuel supplier (Husky Oil) is in place, and is currently in the 4th year of a 5 year term.  This agreement is transferable to new owners.  Although the area has a definite need for a good repair facility, the 3 service bays were closed down 6 years ago, again due to owner's health issues.  Even without the shop revenue, sales are averaging almost 1.4 million per year with a healthy net profit.

The building also includes a very clean and modern three bedroom home with ample room for a family.  Patio doors off the living room and master bedroom open onto a huge 3 tiered attached deck with a lovely greenhouse and approx. 1 acre of immaculate backyard living space.  Off the deck, the spacious lawn features abundant large crushed rock perennial flower beds for the avid gardener as well as a beautiful pond and water feature.  Cedar fencing and mature trees ensure your absolute privacy to sit and relax around the natural gas barbecue while your staff is hard at work.

A complete information package including a fairly recent appraisal, a site diagram, a list of equipment and fixtures, financial statements, net profit calculations with the service bays operating, and environmental site analysis reports and tests together with a copy of the current retailer agreement with Husky Oil, will be made available to very serious buyers only.

The possession date is negotiable. The owners are motivated to sell and relocate to their new home in Yorkton.  Although the asking price is already below appraised value, they will consider all reasonable offers.  Property in the area as partial payment would also be considered.  The owners would like to advise all interested parties that it would be beneficial to make an offer before the property is relisted with a real estate agent in the near future.

Garage size : single detached

Exterior : Cedar Siding & Brick

Lot size : 200' x 216'

Possession : Negotiable

Other comments :
- Main Building - 65' x 48'
- Store - 15' x 35'
- Shop - 30' x 48'
- Public Washroom - 8' x 6'

Main floor : Home
- Kitchen/Dining Room - 27' x 13'
- Living Room - 24' x 11'
- Bathroom - 9' x 7.5'
- Master Bedroom - 15' x 15' plus 2 closets
- Bedroom 2/Office - 10' x 10' plus closet
- Bedroom 3 - 10' x 10' plus closet
- Laundry Room - 12' x 5' plus 2 closets
- Porch - 9' x 5' plus 2 closets
- Deck - 53' x 12' (16' on top level)
- Greenhouse 16' x 8'

Basement features :
- Partial concrete basement

Exterior features : Lot
- Frontage - 200 feet - facing Highway 9 on the west
- Depth - 216 feet - facing Highway 5 on the north Main Building
- Excellent condition, constructed in the 1960's
- Frame construction
- Cedar siding and brick, freshly painted
- Newer 20 year asphalt shingles
- Underground gas, power, phone & cable
- Connected to Town of Canora water & sewer lines
- Partial concrete basement
- Newer natural gas furnaces with central air conditioning
- One single car garage - In very good condition
- One large 2 room storage shed - Previously a 2 room motel unit - In very good condition
- One large storage shed - Previously a small home - In very poor condition

Extras :
- A complete information package will be made available to VERY SERIOUS BUYERS ONLY this will include a site diagram, a list of equipment & fixtures, financial statements, net profit calculations with the service bays in operation, evironmental site analysis report and tests together with a copy of the current retailer agreement with Husky Oil.

Community : http://www.canora.com/ Canora is nestled into the junction of highways No. 5 and 9 in east-central Saskatchewan. It has approximately 2400 residents and draws upon a large trading area. It is minutes away from the best hunting and fishing in the province. It is in close proximity to Crystal Lake, Good Spirit Lake and Duck Mountain Provincial Park. The area has many beautiful golf courses, serviced campgrounds, cross country ski trails, tennis courts, ball diamonds, curling, and ice skating rinks, soccer, skate park, beach volleyball court, community halls, swimming pool, parks, playgrounds, and a nine hole grass green golf course. Canora was judged to have the best tasting municipal water in Canada. Canora offers an acute care hospital, nursing home, doctor's office with four doctors, ambulance service, chiropractor, optometrist, home care and public health services, RCMP detachment, fully equipped fire brigade, Ukranian dance, tap, jazz, and ballet dancing. Canora has two schools. One is an elementary school for grades K - 4 and the high school houses grades 5 through 12. There is excellent bus and train services available.

Property features

Corner of Highway 9 & 5, $499,000
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  • Asking Price : $499,000
  • Year of construction : 1960
  • Localisation certificate : Yes
  • Franchise : Yes

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Contact the owner

Phone : 306-563-5841
Fax : 306-563-5861

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Steps to buy this property

So you decided you like this property and would like to make an offer.

Here are the steps.

  1. 1. Investigate Mortgage Options

    As soon as possible in your buying process, make sure you can get the necessary financing to acquire the property. Consult a financial advisor and/or get a pre-approved mortgage. You will then know the exact amount of the loan that your financial institution is willing to lend you.

  2. 2. Get a Lawyer

    It's important to hire a lawyer who specializes in real estate. You could find yourself in a bidding war for the home you want, and it doesn't hurt to have a lawyer look over any offer to purchase before you submit it. A real estate lawyer will also conduct a title search and check for outstanding taxes and liens on the property.

  3. 3. Make the Offer

    You can contact your lawyer for help with filling out the offer document, which can be downloaded from the comfree website or provided to you by the seller. You then present the written offer to the seller. This document includes the price, conditions, deposit and closing date. The seller either accepts, rejects or counters the offer (also called "signing back" the offer).

  4. 4. Home Inspection or New Home Warranty

    Hiring an inspector is voluntary, but it's a smart idea for resale homes. You can choose to make your offer to purchase the home conditional on the outcome of your inspection. If your inspection reveals major problems, you can negotiate those repairs with the seller before your deal closes, or legally withdraw your offer.

    What is a New Home Warranty?

    New Home Warranties are typically used when you buy a brand new home. The builder provides a New Home Warranty to cover things like deposits and completion dates, along with labour and materials for at least one year after the home was built. It also protects you against structural problems for a minimum of five years.

  5. 5. Finalizing the Deal

    Finalizing the deal will include the final approval of your mortgage, a meeting with your lawyer to finalize details like insurance and conditions, and the results of a title search.

  6. 6. Moving Preparations

    There's a lot to do before you move. Line up utilities and other services like phone, cable and internet. If you rent, you must give your landlord notice. Also, forward your mail to your new address and hire a moving company. Preparing these things well in advance will help you make a smooth transition to your new home.

  7. 7. Closing Day

    This is the day you legally get possession of the house. Your lawyer completes the paperwork (so the home is in your name), payments are finalized and you receive the deed and the keys. Congratulations on your new home!

We're here to help

Rosel

Real Estate Consultant

ComFree is a team of more than 235 people committed to providing you with outstanding service so you can successfully sell your home.


Need more information? Please call a member of our customer service team:

1 866 468-3757


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