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115 Main STREET
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Limerick · Hospitality · under $400,000. Alerts only send when there are new or meaningfully updated matching homes.
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Thriving Historic Hotel & Restaurant in Limerick, Saskatchewan An exceptional opportunity to own a well-established, historic hotel and restaurant in the heart of Limerick, Saskatchewan. This turn-key operation offers strong community presence, multiple revenue streams, and a solid track record with strong historical gross sales. The property features 12 guest rooms currently in operation, plus a comfortable live-in owner/manager suite, making it ideal for hands-on operators or owner-managers seeking lifestyle and income in one location. The restaurant and bar offer a welcoming atmosphere with indoor seating capacity for 100 guests (with 49 more on outside patio), making it well-suited for daily dining, events, and community gatherings. Revenue is further enhanced by 4 VLT machines, providing consistent additional income. Significant upgrades have been completed in recent years, including: -All new commercial kitchen equipment (6 years ago) -Ductless split A/C units (5 years old) -Beer cooler and outdoor patio (4 years ago) -Commercial dishwasher (1 year ago) -Glass washer in bar (2 years ago) -ATM machine bought in 2019 This property has built a strong local reputation for quality food, friendly service, and a vibrant atmosphere. The outdoor patio adds seasonal appeal, while the updated equipment minimizes immediate capital expenditure needs. With multiple income streams — hotel accommodations, restaurant dining, bar service, and VLT revenue — this is a rare opportunity to acquire a profitable, community-rooted hospitality business with established financial performance. Ideal for entrepreneurs, hospitality operators, or investors seeking a stable rural Saskatchewan asset with lifestyle appeal. (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 Mar 4, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.