118 1St Ave E, Leader, SK

Name: 118 1St Ave E, For Sale in Leader - eXp Realty
Brand: Royal LePage® Landmart
SKU: SK032289
Price: 650000 CAD

House

For Sale

Listed price in listed location currency (CAD).

$650,000

0014

MLS® SK032289

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size 13656 sqft

Garage

Taxes $7,455

Days Active 3

Lot Size

Approx. Age 1912

Avg. Price Per Sqft $47

MLS® Number SK032289

Property Address: 118 1st Avenue E, Leader, SK, S0N1H0

Average square foot calculated using Size range provided by listing agent.

Description

An ideal opportunity for a family-run business with significant potential to increase revenue. This well-established property has served the community for over 50 years and offers multiple income streams, including 22 guest rooms, a manager’s suite, bakery space, tavern, seven VLTs, liquor license(s) for liquor off-sale, tavern & home delivery (purchasers would have to apply for licenses independently), and a fully equipped 80 -100 seat restaurant reopening on April 08, 2026). The property presents a compelling value-add opportunity, with strong local demand for food service in the area as expressed by Community Leadership providing an excellent opportunity for growth. The main floor features a welcoming lobby with direct access to the restaurant and tavern located just off the main corridor. The bar includes a convenient dock-height loading area for deliveries and a dedicated beer cooler. An additional liquor storage room plus display shelving is also in place. The commercial kitchen and bakery is fully equipped with gas-fired grills, fire suppression systems, a walk-in freezer, walk-in refrigerator, and walk-in dedicated dry storage area, supporting efficient food service operations. Guest accommodations are located on the second and third floors and including 11 single-bed rooms and 11 double-bed rooms. Each room is equipped with a flat-screen TV, refrigerator, microwave, and coffee maker. A guest laundry facility is available on the third floor. The rooms have seen significant up grades including wall mounted AC/Heating units and windows. The metal roof and stucco exterior provide low maintenance exterior upkeep. The property is being offered as a turnkey operation, including all chattels such as computer systems, security monitoring equipment, and restaurant assets. All equipment is believed to be in good working order (exception-one refrigerator located behind the restaurant buffet area). The equipment is offered on a “where is/as is” basis without warranty.

MLS® NumberSK032289

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1912

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 8, 2026List Date

$650,000List Price

Commute

Commute

Starting Address

Destination Address

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