For Sale: 245 3rd Street NE, Wadena, SK

About this home

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:63626)

Listed by: Jack Bouvier, Salesperson, Aspaire Realty Inc.

Home facts and features

Price details

List Price

$350,000

Gross Taxes for 2023

$3,137

Home facts

Bedrooms

Full Bathrooms

Parking Details

Gravel, Rv, Parking Space(s)

Property Type

Fourplex

Lot Size

11761 ft²

Depth

Year Built

Built in 1975 (51 yrs old)

Title

Freehold

Style

Bi-level

Heating Type

Forced air

Basement Details

Finished, Full

Features

Corner Site, Irregular lot size

Agent details

Primary Agent

Jack Bouvier

Primary Broker

Aspaire Realty Inc.

Listing details

Days on REW

134 Days

MLS® Number

SK027321

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 172km

Ruth Pawson School

n/a
K - 8
In Catchment

St. Gregory School

n/a
K - 8
In Catchment

M.J. Coldwell School

n/a
K - 8
In Catchment

St. Timothy School

n/a
K - 8
In Catchment

St. Angela Merici School

n/a
K - 8
In Catchment

École Mgr De Laval Pavillon Secondaire

n/a
K - 12
In Catchment

Winston Knoll Collegiate

n/a
9 - 12
In Catchment

MacNeill School

n/a
K - 8
In Catchment

Dr. L.M. Hanna School

n/a
K - 8
In Catchment

Michael A. Riffel High School

n/a
9 - 12
In Catchment

245 3rd Street NEWadena, SK, S0A 4J0