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5030 50 Street
$2,200,000

Business or investment opportunity: Downtown 6692 sf commercial building on a double corner lot with lots of on-site parking. Currently home to the Zehabesha restaurant and Ravens pub.

The popular restaurant leases 2349 sf and the balance of the building is occupied by the Raven’s Pub. The latter space could remain as a bar or be repurposed for other retail or commercial purposes.

The building comes with certain restaurant fixtures and the bar’s fixtures, furniture and equipment can be removed or optionally remain with the building upon sale.

Building specs: age 1995, foundation; reinforced concrete perimeter foundation, base floor: 5” concrete slab, R40 metal roof, 2X8 R28 wood frame walls with metal siding.

Mechanical specs: Weil McLean oil fired hot water boiler, 80-gallon Boilermate hot water tank and 40-ga electric hot water heater, 800 amp. electrical service, air conditioning, sprinkler system, 7 washrooms in total.

Last 12 month’s Utility costs: heat $33,803.84, power $33,277.57, water: $11,295.00

Details

  • Address
    5030 50 Street
  • Location
    Yellowknife
  • Price
    $2,200,000
  • Bathrooms
    7
  • Year Built
    1995
  • Taxes
    $22,544.00
  • Building Area
    6,692 sq. ft.
  • Lot Size
    9,948 sq. ft.
  • Parking
    Multi
  • Heating Cost
    Oil: $33,803.84, Power: $33,277.57, Water: $11,295.00

Lot & Floor Plans

Location

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Rate: 5%

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Down Payment

$110,000

$220,000

$330,000

$440,000

$550,000

10 Years

$22,115

$20,951

$19,787

$18,623

$17,459

15 Years

$16,472

$15,605

$14,738

$13,871

$13,004

20 Years

$13,734

$13,011

$12,288

$11,565

$10,843

25 Years

$12,156

$11,516

$10,876

$10,236

$9,596

MONTHLY PAYMENTS ARE BASED ON A FIVE (5) YEAR TERM AT A RATE OF 5%. CMHC FEES NOT INCLUDED.