Solid four-plex investment opportunity featuring a proven renovation history and strong rental fundamentals. This 1,610 sq. ft. building offers 7 bedrooms and 4 bathrooms across four self-contained units, providing an attractive mix of one- and two-bedroom suites well suited to local rental demand. The property has undergone major renovations, including updates to kitchens, bathrooms, windows, doors, siding, insulation, flooring, plumbing, and mechanical systems. An updated furnace and newer plumbing add further long-term reliability. A refrigerator was replaced in Unit 2 within the past year. Currently partially occupied, with market rents supporting approximately $4,700/month at stabilization ($950 for the one-bedroom unit and $1,250 for each two-bedroom unit, plus electricity). This creates immediate upside for investors through lease-up and rent optimization. Appliances are included, simplifying turnover and management. The layout and suite mix support consistent demand and efficient operations. The seller prefers to sell this property as part of a portfolio package with 89 Horkoff Street and 633/635 3rd Street, offering investors an opportunity to acquire scale and operational efficiencies across multiple assets. A strong option for investors focused on stabilized returns, renovation-backed value, and long-term rental income. (id:4069)
Address
245 3rd STREET NE
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
7
Bathrooms
4
Floor Area
1,610 Sq. Ft.
Lot Size
0.27 Sq. Ft.
Year Built
1975
MLS® Number
SK027321
Listing Brokerage
Aspaire Realty Inc.
Basement Area
Full (Finished)
Postal Code
S0A4J0
Features
Corner Site, Irregular lot size
