My Listings

101 Main Street
Gerald Gerald S0A 1B0

$225,000
Commercial 3,136 sq. ft. built: 1937

Main Photo: 101 Main Street in Gerald: Commercial for sale : MLS®# SK845961
Photo 1: 101 Main Street in Gerald: Commercial for sale : MLS®# SK845961
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Photo 45: 101 Main Street in Gerald: Commercial for sale : MLS®# SK845961
Status:
Active
Prop. Type:
Commercial
MLS® Num:
SK845961
Bus Major:
Suite Rentals
Talk about pride of ownership! Current owners saw an opportunity to take an obsolete building and turn it into a healthy revenue generating operation that is so turnkey that it is sustainable even for periods while they are away. The Gerald Gem is a fully functional Boarding house primarily occupied by working crews servicing the local potash companies. The house has also been used periodically for Christmas parties, family reunions, corporate events and could double as an Air B&B in periods of slow down. The property features 8 legal rooms, 4 bathrooms, a self-sufficient kitchen complete with grill and fryer, dining area, billiard/workout area, living room and bar. Tenants have full use of the common areas laying claim to their individual rooms. The property meets all fire codes, is complete with newer windows, doors, eves, tin roof, vinyl siding, updated plumbing & electrical, flooring and fully operational bathrooms. Each room is complete with a bed, clothing storage, individual wall heater and portable AC unit so that tenants can set their own comfort levels. Message the listing agents today for additional info and investors packet.
Listing Area:
Gerald
Property Type:
Commercial
Property Sub Type:
Hotel/Motel
Year built:
1937 (Age: 84)
Total Floor Area:
3,136 sq. ft.
Taxes:
$2,698 / 2020
Ownership Title:
Freehold
Business Type:
Suite Rentals
Elevator:
None
Assets Include:
Equipment & Machinery, Fixtures, Goodwill, Parking, Trade Name
Heating:
Air Conditioning, Floor Model Furnace
Construction:
Wood Frame
Lot Size:
8,712 sq. ft.
Date Listed:
Mar 17, 2021
Days on Mkt:
220
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Data was last updated October 23, 2021 at 03:35 AM (UTC)
ELYCE WILSON
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