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503 Main STREET
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Paperclip Cottage - 503 Main Street | Kipling, SK. Commercial Property | Turnkey Café Opportunity | Landmark Location. Rare opportunity to own one of Saskatchewan’s most recognizable small-town landmarks — the historic Paperclip Cottage in the heart of Kipling. This charming two-storey character property is currently operating as the well-established Paperclip Cottage Cafe & Bakery, known for its homemade baking, fresh soups, sandwiches, unbelievable desserts, and welcoming atmosphere. Situated in a prime Main Street location, this charming two-storey character building offers outstanding visibility and curb appeal in the heart of town. The main floor is thoughtfully configured for café or restaurant service, complete with a functional commercial kitchen setup and an inviting dine-in area that has cultivated a strong and loyal local following. Upstairs, you’ll find additional dining rooms that provide flexible seating options for private functions, overflow service, or creative reconfiguration. The paper clip cottage cafe & bakery creates a warm and memorable atmosphere for guests. Additional seasonal dining is offered through the large outdoor deck, providing an inviting space for guests to enjoy warm weather, open-air seating, and a relaxed atmosphere during the spring and summer months. In addition to steady community support, the property benefits from excellent tourism draw, making it a distinctive and versatile opportunity for hospitality or retail entrepreneurs. The current owner operates not only the café and bakery from this location, but also offers catering, take-out services, and a grocery service — creating multiple established revenue streams. The owner is willing to assist the new purchaser with transition and training, including sharing operational knowledge and recipes to help ensure continued success. Excellent opportunity to step into an established business with strong community support and multiple revenue streams, ready for continued growth. (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 Mar 9, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.