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1025 Louise AVENUE
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Exceptional opportunity to own a 5,105 sq. ft. commercial property just off 8th Street. This high-visibility location offers excellent access, convenient onsite parking, and strong long-term potential. The building is currently configured as a restaurant with seating for over 150 guests, making it well-suited for continued food service or a wide range of hospitality and entertainment uses. Two separate entrances provide the flexibility to operate two businesses under one roof or run your own venture while generating additional rental income. The roof was recently upgraded, offering added peace of mind, and the fenced rear storage area with a shed provides valuable additional space. A rare opportunity to secure a high-exposure property in one of the city’s most sought-after commercial corridors. (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
-6.28%
Cap rate
3.61%
GRM
16.7
Break-even rent
$14,034
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.
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 19, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
First Choice Super Market & Halal Meat Saskatoon
1024 Louise Ave, Saskatoon, SK S7H 2P7, Canada
4.6★ · 70 reviews
70 m away
straight-line
250 m away
straight-line
Savor Supermarket and Halal Meat (East)
1902 8 St E #2, Saskatoon, SK S7H 0T7, Canada
4.3★ · 707 reviews
260 m away
straight-line
Reem Star Shawarma
1005 Broadway Ave, Saskatoon, SK S7N 1C1, Canada
4.8★ · 526 reviews
1.8 km away
straight-line
1.8 km away
straight-line
2.5 km away
straight-line
Islamic Association of Saskatchewan (IAS)
222 Copland Crescent, Saskatoon, SK S7H 2Z5, Canada
4.7★ · 154 reviews
300 m away
straight-line
3.2 km away
straight-line
Hussaini Association of Saskatoon Mosque
702 Windsor St, Saskatoon, SK S7K 0Y9, Canada
4.7★ · 38 reviews
4.0 km away
straight-line
1511 Louise Ave, Saskatoon, SK S7H 2R2, Canada
520 m away
straight-line
101 Wiggins Ave S, Saskatoon, SK S7N 0T3, Canada
1.2 km away
straight-line
1905 Eastlake Ave, Saskatoon, SK S7J 0W9, Canada
2.2 km away
straight-line