Why develop an old building?
This historic downtown building is a great option to increase commercial space locally. The building has structural integrity and the cost of demolishing a building would be more than restoration.
Invest in Opportunity
Retail and Professional rental space is needed in Gull Lake. Short term rentals is also in high demand
Feasibility
We ran the numbers! With median revenue our feasibility study predicts ROI will be between 1%-4% upon project completion.
Imagine the possibilities!
Phase One: $150,000
Restore Power
Restore Plumbing and Heating
Remove Unwanted Material
New Doors and Windows
Facade Restoration
Phase Two: $300,000
Restore 2nd Storey Access
Restore Rooms
Improve Layout
This historic building is currently owned by the Town of Gull Lake, and has great potential to provide more professional, retail or short term rental space.
Phase 1 will include restoring utilities, doors, windows and fixtures on the main level to provide a blank canvas for businesses looking to set up in the space.
Ready to Invest?
Contact a board member or email gulllakeedc@gmail.com.
Board Members: Pam Kirwan, Richie Bleau, Stephanie Sells, Dennis Kirk, Taylor Dutton and Lindsay Alliban
Payment by Cheque: Gull Lake Property Development Inc
Etransfer: gulllakeedc@gmail.com
Phase 1: January - June 2025
Phase 2: September - December 2025
