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303 Main STREET
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Watrous · Business · under $275,000. Alerts only send when there are new or meaningfully updated matching homes.
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Step into a profitable, turn-key restaurant with a loyal customer base in the heart of Watrous — a friendly and steadily growing community just one hour from Saskatoon and 1.5 hours from Regina. Located right on Main Street, Peachwood Restaurant is well known for its excellent food, consistent quality, and welcoming atmosphere. With strong local support and year-round visitors from nearby Manitou Beach, it offers both stability and growth potential. Watrous is not only a hub for agriculture and potash mining, but also a well-serviced town with its own hospital, schools---Watrous Elementary School (K–6) and Winston High School (7–12), three local car dealerships and a variety of local shops and amenities. The town has a population of approximately 2,300 residents. With a friendly atmosphere and well-developed infrastructure, Watrous is an ideal place to live and do business. In addition to the restaurant space, the second floor includes four private bedrooms, one big living room, one bathroom— quiet, spacious, and completely separate from the business below, providing flexibility for owner occupancy or rental income. Watrous benefits from steady economic activity driven by potash mine expansions, CN Rail operations, and regional tourism. High visibility, strong financials, and excellent foot traffic make this an ideal opportunity for entrepreneurs or investors seeking a reliable income stream. Simply take over and start earning from day one. (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
20.43%
Cap rate
8.95%
GRM
8.3
Break-even rent
$1,540
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 Oct 15, 2025.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Watrous. The listing facts above are live.