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Division No. 10
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Wadena
245 3rd STREET NE
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245 3rd STREET NE $350,000
$350,000
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245 3rd STREET NE
Wadena, Saskatchewan S0A4J0

MLS® Number: SK027321
7
Bedrooms
4
Bathrooms
1610
Square Feet

Listing Description

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. (29311821)

Property Summary

Property Type
Single Family
Building Type
Fourplex
Square Footage
1610 sqft
Title
Freehold
Land Size
0.27 ac
Built in
1975
Annual Property Taxes
$3,137
Parking Type
None, RV, Gravel, Parking Space(s) (4)
Time on REALTOR.ca
11 days

Building

Bathrooms
Total
4
Interior Features
Basement Type
Full (Finished)
Building Features
Features
Corner Site, Irregular lot size
Architecture Style
Bi-level
Structures
Deck
Heating & Cooling
Heating Type
Forced air
Parking
Parking Type
None, RV, Gravel, Parking Space(s) (4)

Measurements

Square Footage
1610 sqft

Rooms

MetricImperial
Main level
Living room
Kitchen
Bedroom
Bedroom
4pc Bathroom
Living room
Kitchen
Bedroom
Bedroom
4pc Bathroom
Basement
Living room
Kitchen
Bedroom
Bedroom
4pc Bathroom
Living room
Kitchen
Bedroom
4pc Bathroom
Other

Land

Lot Features
Landscape Features
Lawn
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306-370-6179
Email
Aspaire Realty Inc.
#501 - 201 21st Street East
Saskatoon, Saskatchewan S7K0B8
306-683-6666
Office Website

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