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201 Main STREET
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Arcola · Business · under $250,000. Alerts only send when there are new or meaningfully updated matching homes.
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Discover a rare opportunity to own a landmark brick and stone building paired with a well-established business in the thriving and welcoming town of Arcola, Saskatchewan. Constructed in 1905 using locally made brick, this solid and character-rich structure is an unadorned example of Queen Anne–style architecture and stands as a significant piece of the town’s history. Originally serving as Arcola’s first consolidated municipal building, it once housed the fire hall, jail, and town offices, with an impressive opera hall on the second floor featuring a two-storey vaulted ceiling. Adding to its historic appeal, one of the original jail cells remains intact in the basement. In 1991, the building was thoughtfully renovated into a restaurant and saloon and is now home to Buddy’s Pub, a popular local destination featuring one of the longest bars in Western Canada. The business currently generates income through the pub operations and three VLTs, with additional upside potential. The second and third floors offer expansive space with a massive bar, abundant seating, and a unique atmosphere ideal for corporate functions, private events, live entertainment, or large gatherings, creating excellent opportunities for expanded revenue or potential rental income. Recent updates enhance both functionality and appeal, including a new forced-air furnace installed in December 2025, a freshly painted and updated interior, and a newly built main-level bar. Washrooms are conveniently located on both the main and second levels. Outside, a large deck area provides valuable additional space for seasonal patio seating, outdoor events, and increased customer capacity, further boosting revenue potential during warmer months. With an established business, strong community presence, and ample room for growth or diversification, this historic property presents an outstanding investment opportunity in one of Saskatchewan’s most charming small towns. Call your agent today to schedule a viewing! (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).
Cash on cash
25.43%
Cap rate
9.95%
GRM
7.6
Break-even rent
$1,419
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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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 Apr 23, 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.