Unlock the potential of this exceptional investment property in Whitewood, SK. Formerly a Bank of Montreal branch, this well-maintained building is now a haven for creative minds and savvy investors alike. Step into the ground floor, where financial stability meets artistic inspiration. The front space is leased to an accountant's office, generating a steady $800/month. Meanwhile, at the rear, the owner's art studio adds a personal touch to the property's vibrant character. Ascend to the BEAUTIFUL loft, a living space that's currently rented for $1650, inclusive of utilities. This open-concept area boasts a modern kitchen, convenient laundry facilities, and a delightful deck with access to the rooftop. The double-car garage below offers untapped potential for additional rental income, as the unheated space above could be transformed into a charming living unit. Explore further income opportunities by leasing out the basement for storage purposes. The entire property is fenced, ensuring security and privacy for its diverse occupants.
Structural upgrades abound, including asphalt shingles (with recent replacements on two sides), two high-efficiency furnaces (only 10 years old), and a new water heater installed in 2023. The living space boasts PVC double-pane/argon gas windows. Whitewood is located at the crossroads of Highways No.1 and #9, it's the midpoint between Regina, SK, and Brandon, MB, and the midpoint of the US border and Hudson Bay, SK. Approximately 1.5 hours from East of Regina and 1 hour from South of Yorkton, the town has a population of around 1000 people, offering essential services. It's less than half an hour to Round Lake, about half an hour to potash mines in Esterhazy and Rocanville. This property promises a unique and promising investment opportunity at the heart of regional connectivity. All measurements are approximate and can be verified by interested parties. Schedule a viewing today and unlock the possibilities!
Listing Area:
Whitewood
Property Type:
Commercial
Property Sub Type:
Mixed Use
Year built:
1914
(Age: 110)
Total Floor Area:
1,880 sq. ft.175 m2
Taxes:
$6,188 /
2023
Frontage:
40'12.2 m
Ownership Title:
Freehold
Elevator:
None
Office Size:
800 sq. ft.74.3 m2
Smoke Detector:
Yes
Sprinkler system:
No
Heating:
Air Conditioning, Floor Model Furnace
Construction:
Wood Frame
Communication Network, Fenced Compound, Floor Drains, Interior Space, Onsite Parking, Store Front, Sump, Wheelchair Access
Parking Facility: Yes
Parking Places:
4.0
Parking Places Covered:
2.0
Parking places electrified:
2
Living room featuring high vaulted ceiling, light wood-type flooring, and a notable chandelier
Stairway featuring wood-type flooring
Kitchen featuring hanging light fixtures, sink, tasteful backsplash, black electric range, and light wood-type flooring
View of building exterior
View of back of house
Office with a paneled ceiling, a wall mounted AC, and hardwood / wood-style floors
Garage featuring a garage door opener
Wooden terrace featuring a patio area
Full bathroom featuring hardwood / wood-style flooring, shower / tub combo, large vanity, toilet, and backsplash
Office featuring a paneled ceiling and light wood-type flooring
Miscellaneous room featuring light wood-type flooring, a drop ceiling, and a wall mounted air conditioner
Photo 12 of 50
Photo 13 of 50
Corridor with dark hardwood / wood-style flooring and a textured ceiling
Stairway with a textured ceiling, light wood-type flooring, and vaulted ceiling
Photo 16 of 50
Photo 17 of 50
Washroom featuring stacked washer and clothes dryer, cabinets, sink, and dark wood-type flooring
Kitchen featuring a center island, a wealth of natural light, and light hardwood / wood-style flooring
Dining space featuring dark hardwood / wood-style floors and a notable chandelier
Kitchen featuring a wealth of natural light, stainless steel fridge, light hardwood / wood-style flooring, and backsplash
Unfurnished bedroom with lofted ceiling with skylight and light hardwood / wood-style floors
Bedroom featuring lofted ceiling with skylight and light wood-type flooring
Living room with dark hardwood / wood-style floors, a fireplace, and high vaulted ceiling
Room details featuring light hardwood / wood-style floors and a fireplace
Kitchen featuring light hardwood / wood-style flooring, black appliances, sink, and backsplash
Living room with dark wood-type flooring, a brick fireplace, and high vaulted ceiling
Living room featuring hardwood / wood-style flooring
Bedroom with ornamental molding, dark hardwood / wood-style floors, a closet, and a chandelier
Workout area featuring hardwood / wood-style flooring
Entrance foyer featuring plenty of natural light and hardwood / wood-style flooring
View of living area
View of stairway
Stairway with dark parquet floors and a notable chandelier
View of wooden terrace
Rear view of property with a patio
Photo 37 of 50
View of patio featuring a wooden deck
View of patio / terrace featuring an outdoor structure
View of basement
Bonus room featuring lofted ceiling, light wood-type flooring, and a textured ceiling
Photo 42 of 50
Additional living space featuring lofted ceiling and light hardwood / wood-style floors
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