For Sale: 89 Horkoff Avenue, Wadena, SK

About this home

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. (id:63626)

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

Home facts and features

Price details

List Price

$350,000

Gross Taxes for 2023

$3,065

Home facts

Bedrooms

Full Bathrooms

Parking Details

Gravel, Parking Space(s)

Property Type

Fourplex

Lot Size

11761 ft²

Depth

Year Built

Built in 1970 (56 yrs old)

Title

Freehold

Style

Bi-level

Heating Type

Forced air

Basement Details

Finished, Full

Features

Corner Site, Irregular lot size

Appliances

Dryer, Refrigerator, Stove, Washer

Agent details

Primary Agent

Jack Bouvier

Primary Broker

Aspaire Realty Inc.

Listing details

Days on REW

135 Days

MLS® Number

SK027322

Source

Canadian Real Estate Association

Is this your listing? Help it to stand out.

Mortgage Calculator

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

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

89 Horkoff AvenueWadena, SK, S0A 4J0