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431 Saskatchewan STREET
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Elbow · Business · under $400,000. Alerts only send when there are new or meaningfully updated matching homes.
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Located in the resort village of Elbow on the shores of Lake Diefenbaker, this well-known family-run business has been serving the community for over 30 years. Just minutes from Douglas Provincial Park, Mistusinne, and Harbour Golf Club & Resort, the area is a popular destination for boating, fishing, camping, golfing, and other year-round recreational activities. This 4-in-1 commercial property offers a deli/bakery, restaurant, coin-operated laundromat, and car wash all in one location. The restaurant seats over 50 guests and the property sits on a 15,000 sq. ft. commercial lot with a 2,940 sq. ft. building. The kitchen is fully equipped with commercial appliances including refrigerators, walk-in coolers, microwaves, oven, fryers, and broilers. The property also includes office space, two restrooms, and large wash bays suitable for vehicles, boats, and trailers. Recent upgrades include newer furnace and water heater, updated lighting, new doors and several windows, fresh interior and exterior paint, updated counters, and painted concrete floors. Currently operating part-time, there is plenty of opportunity for a new owner to expand hours and grow the business further. Discussions have also been made about adding a Farmers Market space for local vendors and makers. Great opportunity to own an established business in a busy lake community with strong local and seasonal traffic. Contact your REALTOR® today to book a private showing. (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
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Insurance estimate
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Commute
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 3, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.