17
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$350,000
Est. payment /mo
5 Beds
4 Baths
1,560 SqFt
Active
89 Horkoff AVENUE Wadena, SK S0A 4J0
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Key Details
Property Type Single Family Home
Sub Type Attached
Listing Status Active
Purchase Type For Sale
Square Footage 1,560 sqft
Price per Sqft $224
MLS Listing ID SK027322
Style Bi-Level
Bedrooms 5
Year Built 1970
Annual Tax Amount $3,065
Tax Year 2023
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Attached
Source Saskatchewan
Property Description
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.
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.
Location
State SK
Rooms
Basement Full Basement, Fully Finished
Kitchen 4
Interior
Hot Water Gas
Heating Forced Air
Cooling Forced Air
Appliance Dryer, Fridge, Stove, Washer
Exterior
Exterior Feature Vinyl
Garage Spaces 4.0
Roof Type Asphalt Shingles
Total Parking Spaces 4
Building
Lot Description Backs on to Park/Green Space, Corner, Irregular
Building Description Wood Frame, Fourplex (all 4 units)
Structure Type Wood Frame
Others
Ownership Freehold
Listed by Aspaire Realty Inc.
NEARBY SCHOOL & BUSINESS
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