245 3rd STREET NE, Wadena, SK S0A4J0
245 3rd STREET NE, Wadena, SK S0A4J0
245 3rd STREET NE, Wadena, SK S0A4J0
245 3rd STREET NE, Wadena, SK S0A4J0
245 3rd STREET NE, Wadena, SK S0A4J0
245 3rd STREET NE, Wadena, SK S0A4J0
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Maha Shahbazian

Maha Shahbazian

+1(613) 862-6242
$ 350,000
Est. payment | /mo

7 Beds

4 Baths

1,610 SqFt

Save
$ 350,000
Est. payment | /mo
Save

7 Beds

4 Baths

1,610 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1610

Square Footage 1,610 sqft

Price per Sqft $217

MLS® Listing ID SK051213

Style Bi-level

Bedrooms 7

Year Built 1975

Lot Size 0.270 Acres

Acres 0.27

Property Sub-Type Freehold

Property Description

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:24570)

Location

State SK

Rooms

Kitchen 4.0

Extra Room 1 Basement 14 ft , 4 in X 15 ft , 9 in Living room

Extra Room 2 Basement 9 ft X 10 ft , 6 in Kitchen

Extra Room 3 Basement 11 ft , 9 in X 13 ft Bedroom

Extra Room 4 Basement 8 ft X 12 ft Bedroom

Extra Room 5 Basement x x x 4pc Bathroom

Extra Room 6 Basement 13 ft , 6 in X 15 ft , 5 in Living room

Interior

Heating Forced air

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Lot Description Lawn

Architectural Style Bi-level

Others

Ownership Freehold

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Listed by Real Broker SK Ltd.

Nearby Locations

Maha Shahbazian

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245 3rd STREET NE