24 Main Street Lucky Lake, Saskatchewan S0L 1Z0

$99,900

24 MAIN ST. LUCKY LAKE, SK. An EXCELLENT INVESTMENT opportunity awaits in the welcoming community of Lucky Lake, Saskatchewan. This commercial property, built in 1969, is zoned C1 (Commercial) and occupies a 0.16-acre lot with 54 feet of frontage. The building has been under long-term leases with CANADA POST, providing SECURE RENTAL INCOME of approximately $25,000 per year. A NEW 5-YEAR LEASE was renewed in 2024, giving investors peace of mind with a STRONG NATIONAL TENANT IN PLACE. Upon lease expiry in four years, the seller and tenant have the opportunity to renegotiate new terms and sign a new 5 year lease, adding flexibility for the future. OPERATING EXPENSES are around $12,000 annually which include property insurance, property management, utilities, water, garbage, cleaning, and property taxes. The property features a storefront entrance with wheelchair accessibility, a practical 1147 sq ft layout, a durable metal roof, and comes with fixtures and leasehold improvements. Onsite parking is available in the back, while there is street parking in the front. Heating and cooling are provided by air conditioning and a floor-model furnace. The building is equipped with smoke detectors for added safety. With 2025 property taxes of $2,021 and excellent exposure in Lucky Lake’s commercial district, this property represents a solid, INCOME PRODUCING INVESTMENT with a reliable, long-term tenant. Call today! (id:62517)

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https://www.realtor.ca/real-estate/28780241/24-main-street-lucky-lake