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$ 1,200,000
Est. payment | /mo
$ 1,200,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID SK024431
Style Low rise
Year Built 1968
Property Sub-Type Freehold
Property Description
Discover an exceptional investment opportunity with this well-maintained 12-unit apartment building, ideally suited for both seasoned and first-time multifamily investors. The property offers a strong unit mix of four (4) spacious 1-bedroom units and eight (8) comfortable 2-bedroom units, maximizing occupancy potential and wide market appeal. Key Features 12 Total Units 4 × 1-Bedroom / 1-Bathroom 8 × 2-Bedroom / 1-Bathroom On-Site Laundry Convenient in-building laundry facilities, generating additional income and providing extra convenience for tenants. Well-Maintained Property Common areas and mechanical systems are cared for, supporting stable operations and minimizing maintenance concerns. Strong Rental Demand The balanced unit mix appeals to singles, couples, and small families, supporting consistent occupancy. Value-Add Potential Opportunities may exist to update units, enhance amenities, or adjust rents to market rates for increased NOI. Investment Highlights This building delivers a reliable income stream with the potential for future growth. Its practical layout, solid tenant appeal, and desirable amenities make it a compelling long-term hold in any portfolio. New Metal roof in 2026. (id:24570)
Location
Province SK
Rooms
Kitchen 0.0
Interior
Heating Hot Water
Exterior
Parking Features No
Fence Partially fenced
Community Features Pets Allowed With Restrictions
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Lot Description Lawn
Story 2
Architectural Style Low rise
Others
Ownership Freehold
Listed by RE/MAX Saskatoon
NEARBY SCHOOL & BUSINESS