$599,900 FOR SALE

Fourplex 2 Level

Bedrooms: 10Bathrooms: 8Lot: 95 x 0 ft

410 & 412 4th Avenue
Rosthern, SK S0K 3R0

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:47423)

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Listed By Royal LePage Saskatoon Real Estate
Data Provided By Saskatchewan REALTORS® Association
MLS® Listing Number SK959897
Last Updated Sep 18, 2024
Property Summary
Property Type Fourplex

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Price History
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Detailed Information
Bedrooms 10
Bathrooms 8
Lot 95 x 0 ft
Features Treed, Lane, Rectangular, Sump Pump
Listing Contract Date 2024-03-01
Ownership Type Freehold
Property Type Single Family
Transaction Type For sale
Building
Appliances Washer, Refrigerator, Dishwasher, Dryer, Microwave, Storage Shed, Stove
Architectural Style 2 Level
Basement Development Finished
Basement Type Full (Finished)
Constructed Date 1952
Heating Fuel Natural gas
Heating Type Baseboard heaters, Hot Water
Stories Total 2
Type Fourplex
Rooms
Room Level Dimensions Notes
4pc BathroomSecond level6'11 x 4'10
Laundry roomSecond level2'6 x 2'10
BedroomSecond level13'11 x 10'4
BedroomSecond levelMeasurements not available x 10 ft
Primary BedroomSecond level17'2 x 11'2
3pc Ensuite bathSecond level6'11 x 6'3
Living roomBasement14'9 x 10'8
Dining roomBasement8'9 x 7'9
KitchenBasement11'3 x 7'8
4pc BathroomBasement8'7 x 4'10
BedroomBasement9'8 x 9'2
BedroomBasement12'10 x 10'6
BedroomBasement9'8 x 9'2
FoyerMain level7'11 x 3'4
Living roomMain level21 ft x Measurements not available
Dining roomMain levelMeasurements not available x 11 ft
KitchenMain level11'1 x 9'10
2pc BathroomMain level6'6 x 3'1
Living roomMain level21 ft x Measurements not available
Dining roomMain levelMeasurements not available x 11 ft
Parking Spaces
Name Spaces
None
Gravel
Parking Space(s)8
Land
Total Size 0.44 acres
Fence Type Partially fenced
Landscape Features Lawn
Size of Irregular Land 0.44

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