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15 Main STREET N
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Preeceville · Business · under $200,000. Alerts only send when there are new or meaningfully updated matching homes.
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Located in the heart of Preeceville, this well-established Chinese restaurant presents a rare opportunity to step into a fully operational, long-standing business. Serving the community for over 30 years, this respected local staple is now ready for new ownership as the current owners retire. This turn-key operation includes a fully equipped restaurant along with attached living quarters, offering both convenience and lifestyle flexibility. The property also features a 16 x 24 single attached garage, providing added storage or utility space. Situated in a prime Main Street location next to the Credit Union, the property benefits from excellent visibility and steady local traffic. The building has been well maintained over the years, with notable updates including new front windows and doors in 2013 (entrance and main dining area) and new shingles completed in 2022. The restaurant itself is clean, organized, and fully set up—providing everything needed for a smooth transition to new ownership. With a loyal customer base, strong community presence, and all equipment in place, this is an ideal opportunity for anyone looking to own and operate a restaurant without starting from scratch. (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 May 6, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.