$220,000
201 Main STREET
Beds
—
Baths
—
Sqft
4,169
Year
1906
Type
Business
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Arcola. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Discover a rare opportunity to own a landmark brick and stone building paired with a well-established business in the thriving and welcoming town of Arcola, Saskatchewan. Constructed in 1905 using locally made brick, this solid and character-rich structure is an unadorned example of Queen Anne–style architecture and stands as a significant piece of the town’s history. Originally serving as Arcola’s first consolidated municipal building, it once housed the fire hall, jail, and town offices, with an impressive opera hall on the second floor featuring a two-storey vaulted ceiling. Adding to its historic appeal, one of the original jail cells remains intact in the basement. In 1991, the building was thoughtfully renovated into a restaurant and saloon and is now home to Buddy’s Pub, a popular local destination featuring one of the longest bars in Western Canada. The business currently generates income through the pub operations and three VLTs, with additional upside potential. The second and third floors offer expansive space with a massive bar, abundant seating, and a unique atmosphere ideal for corporate functions, private events, live entertainment, or large gatherings, creating excellent opportunities for expanded revenue or potential rental income. Recent updates enhance both functionality and appeal, including a new forced-air furnace installed in December 2025, a freshly painted and updated interior, and a newly built main-level bar. Washrooms are conveniently located on both the main and second levels. Outside, a large deck area provides valuable additional space for seasonal patio seating, outdoor events, and increased customer capacity, further boosting revenue potential during warmer months. With an established business, strong community presence, and ample room for growth or diversification, this historic property presents an outstanding investment opportunity in one of Saskatchewan’s most charming small towns. Call your agent today to schedule a viewing! (id:65958)
- Subtype
- Business
- Common interest
- Freehold
- Living area
- 4,169 square feet
- Lot size
- 0.28 acres
- Lot dimensions
- 0.28
- On market
- Jan 19, 2026
- Status changed
- Apr 23, 2026
- Photos
- 50
- MLS#
- SK027083
- Area
- ARCOLA
Features and systems
Heating
Cash on cash
25.43%
Cap rate
9.95%
GRM
7.6
Break-even rent
$1,419
Financing
Operating expenses (monthly)
Estimates 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.