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201 2nd STREET
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Beds
—
Baths
—
Sqft
6,912
Year
1981
Type
Other
On market
6d
Welcome to 201 2nd Street in Wawota, Saskatchewan, a thriving and welcoming community situated in the heart of agriculture, oilfield activity, tourism, and some of the finest hunting destinations in the province. Located just 15 minutes from the scenic Moose Mountain Provincial Park, this exceptional commercial property (Restaurant/Motel) presents a rare opportunity to acquire a well-established and highly respected business that has been a cornerstone of the community for decades. The restaurant encompasses 3,532 square feet of bright, open-concept dining and service space. Immaculately maintained and showcasing true pride of ownership throughout, the facility is designed for both efficiency and comfort. The spacious commercial kitchen is thoughtfully laid out and features an impressive lineup of well-maintained equipment, including a Prime Rib Oven, two conventional ovens, walk-in cooler, walk-in freezer, double deep fryers, large hood range, and extensive countertop preparation areas. The adjacent motel consists of 15 rooms, with 11 guest rooms currently in operation and four additional rooms utilized for storage, laundry, and utility space. Recent upgrades have enhanced guest comfort, and the property features newer shingles (approximately four years old) and air conditioning throughout. The motel enjoys consistent demand from a diverse clientele, including hunters, oilfield personnel, construction crews, wedding guests, tourists, and travelers seeking a relaxing getaway from the pace of city life. This is a truly remarkable investment opportunity offering established operations, strong community roots, and significant potential for continued success. Whether you are an entrepreneur seeking a lifestyle business or an investor looking to expand your portfolio, this property deserves your consideration. (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
-6.86%
Cap rate
3.49%
GRM
16.7
Break-even rent
$3,784
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 Jun 3, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Wawota. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.