2440 ABBOTT ROAD
Regina, Saskatchewan
MLS® SK040888
$1,050,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- SK040888
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1961
1 / 33Listing description
Excellent investment opportunity to acquire a well-maintained 9-unit apartment building in the desirable Arnhem Place neighbourhood of Southeast Regina. Ideally situated within walking distance of Douglas Park and Wascana Park, this property offers tenants convenient access to green space, recreation, public transit, shopping, and other nearby amenities. Over the past several years, the building has undergone numerous capital improvements, providing peace of mind for investors and reducing future maintenance costs.
Recent Updates Include: *Sheet metal roof (approximately 7 years old) *New eavestroughs *22 new windows *New PEX water and heating lines throughout the basement *New sewer line from City of Regina shutoff and fully under the building. *New flooring in common hallways and stairwells *New underground yard sprinkler system The property features a 75-gallon rented hot water heater through Heath and an on-demand hot water boiler currently rented through Mackenzie. The boiler rental will be paid out by the seller upon completion, providing added value to the property.
This is an excellent opportunity for investors seeking a solid multi-family asset in a strong rental location with significant recent capital upgrades.
Property summary
- MLS® number
- SK040888
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Freehold
- Land size
- 8868 square feet
- Built in
- 1961
- Annual property taxes
- $8,932.00
- Parking
- 7 spaces
- Days on market
- 61 days
Features & details
- Heating
- Hot Water
- Appliances
- Washer, Refrigerator, Stove, Dryer
- Lot features
- Treed
- Community features
- Pets Allowed With Restrictions
- Architectural style
- Low rise
What would this home cost you?
Based on the $1,050,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Century 21 Dome Realty Inc., Regina.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.