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229 Centre STREET
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Assiniboia · Business · under $350,000. Alerts only send when there are new or meaningfully updated matching homes.
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TURN KEY RESTAURANT WITH UPSTAIRS LIVING QUARTERS IN ASSINIBOIA, THE HEART OF SOUTHERN SASKATCHEWAN. A GROWING AND EXCITING TOWN SURROUNDED BY FARMS, RANCHES AND SMALLER TOWNS. LOCATED ON MAIN STREET WHERE THE STREET HAS JUST BEEN TOTALLY REDONE FROM THE GROUND UP AND FINSHED WITH NEW SIDEWALKS AND ROOMY PARKING SPOTS . This restaurant has a seating capacity of 80 people. Serving Chinese and a Western menu. The owners have done many updates. Great curb appeal with the facelift on the outside of the building... featuring large front Windows, Siding and the welcoming Front Entrance door. All completed in 2021 The dining area has all updated flooring and the seating is comfortable and will accommodate many families and large gatherings. The kitchen is laid out to allow easy flowing cooking and cleaning for a smooth operation. There is a high end Pizza stone Oven, walk in cooler, walk in fridge, 2 deep fryers, stove with 2 ovens, grill with 4 burners, large prep counter, 2 large fridges, 1 double WOK, milkshake machine, dishwasher, Pots Pans dishes.. Everything you need to have a prosperous business . Upstairs has a living room with updated window facing main street. 3 rooms are being used as bedrooms and there is a full bathroom with laundry. There is a storage room and then a door that leads out to the roof top. The Air Conditioner was recently updated as well as the hot water tank. The compressor was updated in the walk in freezer. !!THE OWNER IS WILLING TO TRAIN THE NEW OWNERS!! GREAT FOOD WILL KEEP THIS BUSINESS VERY ACTIVE, AS THIS IS AN AREA WHERE SURROUNDING SMALL TOWNS, FARMERS AND RANCHERS SHOP IN ASSINIBOIA AND STOP FOR SOMETHING TO EAT BEFORE THEY HEAD HOME. THE BUSINESS PEOPLE AND LOCAL FOLKS WILL WELCOME YOU TO OUR TOWN AND LOOK FORWARD TO YOUR CUISINE! (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 Feb 23, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.