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$ 3,360,000
Est. payment /mo
Active
Units Melville Melville, SK S0A2P0
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID SK048132
Style Low rise
Year Built 1976
Property Sub-Type Freehold
Property Description
Rare opportunity to acquire an established 42-unit apartment portfolio in Melville, Saskatchewan as a single transaction. The offering comprises three well-maintained walk-up buildings — 851 Scotia Street, 860 Scotia Street and 161-171 12th Avenue West — built in 1976. Suites are predominantly two-bedroom; all above-grade units are air-conditioned, and the property provides electrified parking with a stall for every unit. Renovated suites showcase newer flooring, updated kitchens and with newer appliances, refreshed bathrooms and trim throughout. What sets this offering apart is the team already in place. A highly experienced property manager handles day-to-day operations alongside a capable on-site resident manager, giving a purchaser a genuinely turnkey asset with established systems and no learning curve. Ownership has also completed substantial capital expenditures in recent years, including roofing, mechanical and boiler systems, windows, common areas, and some full-suite renovations, with further work underway, meaning the major building envelope and system investments have largely been made. Melville is a CN Rail divisional point with an economy anchored by rail, agriculture, potash, healthcare and education. The portfolio has previously qualified for CMHC-insured financing. Request the Buyer's Package today. (id:24570)
Location
Province SK
Rooms
Kitchen 0.0
Interior
Heating Hot Water
Cooling Air Conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 42
Garage No
Private Pool No
Building
Lot Description Fully landscaped
Story 3
Architectural Style Low rise
Others
Ownership Freehold
Listed by Century 21 Fusion
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