Bought with Jason Rumpel
$355,000
$379,900
6.6%For more information regarding the value of a property, please contact us for a free consultation.
280 Burns AVENUE Southey, SK S0G 4P0
0.28 Acres Lot
Key Details
Sold Price $355,000
Property Type Multi-Family
Sub Type Residential & Offices
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SK027380
Sold Date 03/17/26
Year Built 1959
Lot Size 0.285 Acres
Acres 0.28466484
Property Sub-Type Residential & Offices
Source Saskatchewan
Property Description
Check out this fully rented 5-plex business opportunity in the commuters town of Southey, SK located ½ hour north of Regina with a growing population of approximately 850 people and a rural municipality of another 1500 people. The town features an excellent K – 12 school, a vibrant business sector and has fabulous recreational facilities. There are not many rental opportunities like this in Southey. The building features: two spacious 2-bedroom suites, two 1-bedroom suites and one bachelor suite. The two suites on the main floor have been fully renovated in past 5 years and the 3 suites on the lower level are all original. There is also an additional suite currently under construction and two offices that could potentially be converted to another apartment (potential of 7).The property offers off-street parking, shared laundry facilities, updated vinyl siding, PVC windows and a newer metal roof—reducing your maintenance headaches. Take advantage of Southey's strong rental demand and let your investment work for you. With stable tenancy, income from day, an opportunity to add 2 more generating suites (Total of 7), in a sought-after location this is a property worth adding to your portfolio.
Location
Province SK
Interior
Heating Forced Air, Natural Gas
Flooring Wood
Appliance Dryer, Fridge, Other, Stove, Washer
Exterior
Exterior Feature Metal, Vinyl
Garage Spaces 12.0
Amenities Available Shared Laundry, Visitor Parking
Total Parking Spaces 12
Building
Building Description Wood Frame, Low-Rise (3 floors and under)
Story 2.00
Structure Type Wood Frame
Others
Ownership Freehold
Read Less
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