43 Days on Market

410 & 412 4th AVENUE, Rosthern, Saskatchewan S0K3R0

$639,900
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Detached
5
4
~3360 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$190/sqft

Days On Market43 days

Est. Mortgage$2,748/mth

Tax Amount ()-


Description

Rosview Residences in Rosthern. This property represents a fantastic long-term investment opportunity with enormous flexibility and potential. The flexibility offered would be attractive to an owner/user or an investor to capitalize on the long-term growth of this great town. The building is on two separately titled lots and straddles the property line. Each half of the property has a separate title. In addition, an approved condo conversion is available offering the ability to treat the building as one unit, two units, or four units. The Town of Rosthern has given the green light for additional buildings such as garages or rental units to be added to the property (subject to final approval). In 2013, the home was moved from Saskatoon and placed on a new ICF foundation. What followed was a complete renovation of the building and new construction for the two lower units. The two upper units are a spacious 1560 sq ft, two-storey design. The second-floor features three bedrooms and two bathrooms including a large three-piece bathroom off the primary bedroom. The main floor offers a large living room and dining room area along with the kitchen and a convenient two-piece bathroom. Lower-level units are 695 sq ft with two bedrooms, kitchen, and a full bath. Each unit has two parking stalls with plug-ins at the front of the building and in-suite laundry. Rent increases have been given to take effect in 2024 bringing the revenue to $60,000/year and offering a 7% cap rate. Rosthern is a growing community serving as a main hub for the area and a convenient stopover halfway between Saskatoon and Prince Albert/lake country. It features a large, recently renovated school across the street from this building, a 24-hour hospital, and a number of seniors homes. The future outlook for the town is strong as evidenced by new development including a significant investment by Federated Coop into fuel and retail facilities, and a new Tim Hortons that has just been opened. Call today! (id:39198)


Property Details

StyleFourplex
View-
Age of property1952
SqFt~3360 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberSK959897
Community NameRosthern
Board NameCREA

Features

Heating: Baseboard heaters, Hot Water
Basement: Full (Finished)

Second level Floor

4pc Bathroom

6'11 x 4'10

Laundry room

2'6 x 2'10

Bedroom

13'11 x 10'4

Bedroom

measurements not available x 10 ft


Property History

Now
Listed for$639,900
43 days on market
history photo preview33
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Property listed by Royal LePage Saskatoon Real Estate, Brokerage
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