534-536 REID WAY, Saskatoon, Saskatchewan, S7N 3J2 Saskatoon SK CA

Are you looking for the perfect investment property in Saskatoon! $5,150 monthly rental income. Great location within minutes to the University of Sask, Royal University Hospital, Jim Pattison Children's Hospital and City Hospital, downtown, the river and many shopping amenities. Excellent layout for this non-conforming 4 plex building with 4 separate suites and 12 bedrooms. One of the best locations for a rental property in Saskatoon. Side entry has code access and then keyed entry for each tenant. Each unit has a separate laundry area plus kitchen, dining room, living room, 4pc bathroom and 3 large bedrooms as well as separate laundry for each suite. All living areas are bright and sunny with large south facing windows. The upper two units have their own private deck looking at the park across the street and children's playground. There is also a large backyard that can be accessed by all tenants. The building is fully occupied and running very smoothly which makes for a smooth turnover of this revenue property. There are updated pvc windows throughout and vinyl siding, so taking care of the exterior is very low maintenance. All of the units have upgrades over the years: laminate floors, 2 newer kitchens with dishwashers in side 534, exhaust fans replaced and 2 newer hot water heaters (2022). In addition the seller has painted the exterior walls and trim and caulked the windows. Two of the suites have also been recently repainted inside. Dryer venting has been updated to solid and semi-solid aluminum. The washer/dryer combination unit at 534 is new and other appliances have been upgraded. Three tenants are expected to stay long term and the fourth will be on a new one year lease. Rents have not increased recently and the seller feels each unit could have their rent increased by $50-$100 per unit once each lease expires (adding to an already strong revenue). Current rents are $1300 up (x2) and $1250 down (x2) for a total of $5,150 monthly rental income. Find out more about this property. Request details here