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$3,320,000

Swift Current SK, S9H 5P1

MLS® # SK018720

Property Information:

16 UNITS, FULLY OCCUPIED WITH LEASES SET IN PLACE TO PRODUCE OVER $300,000 IN INCOME FOR 2025. **A CMHC mortgage is in place that is fully transferable to a buyer, meaning all of the due diligence has been completed, mortgage approved and the buyer simply needs to qualify to assume the mortgage** Searching for a TURN KEY revenue property with a reliable income and FULL occupancy? Look no further, this new construction multifamily property is just what you need. Built by a trusted local builder, these two buildings house 16 luxurious suites with fabulous views of the creek, park and countryside. Just steps from the walking / biking path, golf course, park, tennis courts and track, the units offer superb rentability with a combination of location, layout and stylish finishings placed on a generous 1.34 acre lot. Each unit features an open concept layout, updated stainless steel appliances, granite countertops, in suite laundry, 2 bedrooms and an office, 2 full bathrooms including a master bedroom ensuite as well as a private balcony. The exterior is finished with vinyl low maintenance siding, and the crawl space is concrete/ICF block construction for ultimate energy efficiency. The buildings are heated by an efficient boiler system offering soothing radiant heat and are still covered by up to 7 years of New Home Warranty plans. This attractive investment offers an over 7% Cap Rate along with no interior common space to maintain. Contact your Real Estate agent today for more information or to book your personal viewing. (28897987) (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Architectural Style:
  • Heating Type:
  • Heating Fuel: Natural gas
  • Appliances: Washer, Refrigerator, Dishwasher, Dryer, Window Coverings, Stove

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Built in: 2018
  • Community Features: Pets Allowed With Restrictions
  • Features: Treed, Balcony
  • Landscape Features: Lawn, Fully landscaped
  • Structure Type: Patio(s)
  • No. of Parking Spaces: 35

Courtesy of: RE/MAX of Swift Current

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 3 & 4 825 Gladstone STREET E, Swift Current, Saskatchewan, S9H 5P1

Demographic Information of 3 & 4 825 Gladstone STREET E, Swift Current, Saskatchewan, S9H 5P1

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$93,931.52

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.66 %

High school certificate or equivalent

40.4 %

Apprenticeship trade certificate/diploma

11.21 %

College/non-university certificate

17.94 %

University Degree

9.78 %

Commuter

Travel To Work

By Car

98.66 %

By Public Transit

0.0 %

By Walking

0.98 %

By Bicycle

0.0 %

By Other Methods

0.36 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.46 %

Houses

73.54 %

Own Vs. Rent