Very Reliable Passive Income Business Opportunity

Surface size

Bedrooms

4

Bathrooms

2


22/05/2025

Details
Region: Saskatchewan
City:
Category: Real Estate for Sale
Bathrooms: 2
Bedrooms: 4
For Sale By: Owner
Type: House
Date: 22/05/2025

Description
Details about a possible business (passive or active income possibilities) or as a residential home in SK : I am a physiotherapist in Shaunavon, SK. I am making retirement plans and have recently put the building I have operated my clinic out of, for sale. It is located one block from the public school, two blocks from the high school, skating rink, swimming pool and recreation area, one block from the downtown area, and less than a block from the grocery stores. It is presently zoned for both residential and commercial uses. I am including some details about the opportunity to own: • The building is situated at 505 Centre Street, Shaunavon, SK. It was a former home, now modified slightly to be my physiotherapy clinic on the main level. The basement contains a one-bedroom fully furnished rental suite. Laundry facilities are shared with the tenant and my clinic, with a washer and dryer situated in the back room of the main level. • The main level has a wide and sturdy ramp running up to the front door, providing easy access into the front porch area. The main floor includes a spacious waiting room, an office area, a bathroom, and three treatment rooms on this level as well as the aforementioned laundry area and storage area. There is a two-car garage, a single-car garage, and an outdoor storage shed on the property as well: one garage is attached to the main house, and the other garage is a separate new two-car garage with a small workshop area. The back door to the main building is the private entrance used by the tenant to access their private entry into the suite. • The basement suite has a full kitchen, full bathroom, storage area, sleeping alcove/office nook, a living room, and a separate bedroom. It has been rented out nearly continuously for several years and has been a reliable source of passive income. • The yard is low-maintenance as there are two additional outdoor parking stalls, and two small areas of lawn that have underground irrigation installed. There is an outdoor shed as well, for storage. • The main level could be reverted back to personal residential space if desired, which would mean the building would be a home with 2 kitchens, 2 living rooms, 2 bathrooms, 1 laundry area, 4 bedrooms, a sleeping nook, and 3 garages, all of which provides lots of space for a large family. This would also be a good plan for an Air BNB property if the owner wanted passive income. • Alternatively, it would also be a good starter home for a couple, or a small family, who could live on the main floor, and could continue to rent out the basement suite and perhaps the garages. The suite presently rents for $800/month including utilities, and the garages could be rented out as well for anywhere between $300 - $500/month, with a combined total of a minimum of $1100/month of passive income, which would more than make up the mortgage payment. • A few other business ideas would be, to turn the main floor into a traditional Filipino cuisine restaurant. Shaunavon and surrounding communities have vibrant Filipino communities, and "home-cooked" Filipino foods could be offered for lunchtime as well as for supper. • The main floor could be converted into a "Day Spa" area, with one treatment room being for a massage therapist, one for beauty estheticians, and the third room for visiting health professionals such as myself, the podiatrist, and perhaps a tattoo artist. • The small garage could be converted into an indoor "swim-against-the-current" exercise pool. • Perhaps on weekends, the main floor area could be offered as a retreat area for stagettes, Moms-only weekend getaways, writers retreats, etc. The property is listed with Access Realty in Shaunavon and I could also show it to any interested persons . It is presently listed for $179,000.

4 Bds - 2 Ba - m2

Very Reliable Passive Income Business Opportunity

22/05/2025

Seller information
...
Dianne

Registered user

AD ID 313295

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