Consists of a 9894 sq. ft. commercial shopping mall with 4 tenancies and 2 – 24 suite attached apartment blocks.
All suites are above ground and have a/c, upper suites have balconies.
Suite sizes are 732, 760 & 795 sq. ft. & are all 2 bedroom suites.
Wood frame construction.
Buildings need few if any upgrades.
During the past 5 years the following has spent on upgrades:
Flooring $59,280
Painting $39,308
Appliances $27,240 $125,828
Washers and dryers are leased
Rents $620-650 PMO
Commercial
Rent
Expiry Date
(1-2) Silcorp (Mac’s)
2960 sq ft at $16
3,946
March 31, 2013
(3) 62/308 Saskatchewan Ltd. (Homers Pizza)
985sq ft at $7
574
July 31, 2008
(4)Vacant
980sq ft at $9
735
(5-7)101105793 Saskatchewan Ltd. (Bar & Grill)
4969sq ft at $7.50
3,105
October 31, 2012
8,360
Residential
Commercial
Rent
370,740
Rent
100,320
Laundry
5,760
Structural 3%
(3,000)
Vacancy
(3,700)
Vacancy 5%
(5,000)
372,800
92,320
Pro-Forma
Expenses
Advertising
1,000
Caretaker
11,520
Insurance
3,000
Management
22,860
Property Tax
40,000
R+M
30,000
Utilities
50,000
Total Expenses
158,360
Surplus
214,420
Commercial
92,320
Net Profit
306,740
Note: Based on information presented by the owner
Disclaimer: Del
Peters Realty received the above information contained
in this proforma from sources deemed reliable but do not guarantee
same. Each investor must rely on their own investigation of
the salient facts.
