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109 Centre STREET
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Middle Lake · Hospitality · under $225,000. Alerts only send when there are new or meaningfully updated matching homes.
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Middle Lake Hotel – Business & Property For Sale Fantastic opportunity to own a fully operational hotel, bar, and restaurant with accommodations in Middle Lake, SK. The property includes 5 VLTs, Retail & Tavern liquor licenses (with off-sale), and a well-equipped commercial kitchen. The upper floor offers a one-bedroom suite plus five additional bedrooms and two bathrooms—ideal for owner’s residence, staff housing, or potential room rentals. Extensive upgrades completed in recent years: Major Upgrades ($70K+): new siding/soffit, hotel room renovations, reinforced basement walls, new furnace & water heater (2023), gutters, and more. Appliance Upgrades ($19K+): multiple commercial fridges, freezers, high-temp dishwasher, washer/dryer, Smart TV, and beverage cooler (2020–2025). Situated in a friendly community with a provincial park, Bethany Pioneer Village, and steady year-round traffic from vacationers and snowmobile trails, this is a turn-key business and real estate investment. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Oct 15, 2025.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Middle Lake. The listing facts above are live.