118 1st Avenue E, Leader
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, bar, seven VLTs, liquor license(s) for resale, tavern and home delivery (purchasers would have to apply for independently), and a fully equipped 80-seat restaurant. The property presents a compelling value-add opportunity, with strong local demand for food service in the area as expressed by Community Leadership. The restaurant currently operating only on weekdays providing excellent growth opportunity. 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. Additional liquor storage with display shelving is also in place. The commercial kitchen is fully equipped with gas-fired grills, fire suppression systems, a walk-in freezer, refrigerator, and dedicated dry storage areas, supporting efficient food service operations. Guest accommodations are located on the second and third floors and include 13 single-bed rooms and 9 double-bed rooms. Each room tastefully decorated is equipped with a flat-screen TV, refrigerator, microwave, and coffee maker. A guest laundry facility is available on the third floor. 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 an “as is where is” basis without warranty. (id:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 118 1st Avenue E, Leader
- Type
- Hospitality
- Living Area
- 13,656 square feet
- Lot Size
- 0.53
- Heating
- Electric, Furnace
- Ownership
- Freehold
- Annual Taxes
- $7,455 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 118 1st Avenue E
Active Listings
9
Min Price
$95,000
Max Price
$650,000
Avg Price
$254,444
Days on Market
165
days
Sold Listings
2
Min Sold Price
$150,000
Max Sold Price
$290,000
Avg Sold Price
$220,000
Days until Sold
273
days
Neighbourhood Census Data
Happyland No. 231, Saskatchewan
Population
249
Median Age
52.7
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.5
Pop. Density: 0.2/km²
Avg Shelter Cost: $640/mo
Owners with Mortgage: 0%
English only: 100%
English and French: 2%
Median Household Income: $96,128
Price History
Listed
April 8, 2026
by Royal LePage® Landmart
Current Price
$650,000
Type
Hospitality
For Sale
Contact Agent Get in touch about 118 1st Avenue E, Leader
Doug Martin
Royal LePage® Landmart