Well-positioned four-plex offering strong income potential and long-term investment stability in the community of Wadena. This 1,560 sq. ft. property features a total of 5 bedrooms and 4 bathrooms across four self-contained units, making it well suited for investors seeking diversified rental income within a single asset. Current tenancy includes three occupied units with one vacant suite, providing immediate upside through lease-up. Existing rents total $2,700/month, with market rents supporting approximately $4,100/month when fully stabilized (utilities included), offering a clear path to improved cash flow. Capital improvements include an updated furnace and new plumbing, helping reduce near-term maintenance risk and support long-term asset durability. The unit mix and utility-included rent structure align well with local tenant demand, contributing to consistent occupancy potential. The seller prefers to sell this property as part of a portfolio package alongside 245 3rd Street and 633/635 3rd Street, presenting a rare opportunity to acquire multiple income-producing properties in one transaction. Ideal for investors seeking scale, value-add potential, and long-term rental performance in a growing regional market. (id:4069)
Address
89 Horkoff AVENUE
List Price
$350,000
Property Type
Single Family
Type of Dwelling
Single Family
Style of Home
Bi-level
Transaction Type
Sale
Area
Saskatchewan
Sub-Area
Wadena
Bedrooms
5
Bathrooms
4
Floor Area
1,560 Sq. Ft.
Lot Size
0.27 Sq. Ft.
Year Built
1970
MLS® Number
SK027322
Listing Brokerage
Aspaire Realty Inc.
Basement Area
Full (Finished)
Postal Code
S0A4J0
Features
Corner Site, Irregular lot size
