245 3rd Street Ne Wadena, Saskatchewan S0A 4J0
$350,000
Solid four-plex investment opportunity featuring a proven renovation history and strong rental fundamentals. This 1,610 sq. ft. building offers 7 bedrooms and 4 bathrooms across four self-contained units, providing an attractive mix of one- and two-bedroom suites well suited to local rental demand. The property has undergone major renovations, including updates to kitchens, bathrooms, windows, doors, siding, insulation, flooring, plumbing, and mechanical systems. An updated furnace and newer plumbing add further long-term reliability. A refrigerator was replaced in Unit 2 within the past year. Currently partially occupied, with market rents supporting approximately $4,700/month at stabilization ($950 for the one-bedroom unit and $1,250 for each two-bedroom unit, plus electricity). This creates immediate upside for investors through lease-up and rent optimization. Appliances are included, simplifying turnover and management. The layout and suite mix support consistent demand and efficient operations. The seller prefers to sell this property as part of a portfolio package with 89 Horkoff Street and 633/635 3rd Street, offering investors an opportunity to acquire scale and operational efficiencies across multiple assets. A strong option for investors focused on stabilized returns, renovation-backed value, and long-term rental income. (id:51699)
Property Details
| MLS® Number | SK027321 |
| Property Type | Single Family |
| Features | Corner Site, Irregular Lot Size |
| Structure | Deck |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 7 |
| Architectural Style | Bi-level |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1975 |
| Heating Type | Forced Air |
| Size Interior | 1610 Sqft |
| Type | Fourplex |
Parking
| None | |
| R V | |
| Gravel | |
| Parking Space(s) | 4 |
Land
| Acreage | No |
| Landscape Features | Lawn |
| Size Irregular | 0.27 |
| Size Total | 0.27 Ac |
| Size Total Text | 0.27 Ac |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Living Room | 14 ft ,4 in | 15 ft ,9 in | 14 ft ,4 in x 15 ft ,9 in |
| Basement | Kitchen | 9 ft | 10 ft ,6 in | 9 ft x 10 ft ,6 in |
| Basement | Bedroom | 11 ft ,9 in | 13 ft | 11 ft ,9 in x 13 ft |
| Basement | Bedroom | 8 ft | 12 ft | 8 ft x 12 ft |
| Basement | 4pc Bathroom | x x x | ||
| Basement | Living Room | 13 ft ,6 in | 15 ft ,5 in | 13 ft ,6 in x 15 ft ,5 in |
| Basement | Kitchen | 8 ft ,5 in | 11 ft ,2 in | 8 ft ,5 in x 11 ft ,2 in |
| Basement | Bedroom | 9 ft ,9 in | 11 ft ,10 in | 9 ft ,9 in x 11 ft ,10 in |
| Basement | 4pc Bathroom | x x x | ||
| Basement | Other | x x x | ||
| Main Level | Living Room | 13 ft ,6 in | 15 ft ,6 in | 13 ft ,6 in x 15 ft ,6 in |
| Main Level | Kitchen | 8 ft ,6 in | 11 ft ,2 in | 8 ft ,6 in x 11 ft ,2 in |
| Main Level | Bedroom | 11 ft ,9 in | 12 ft ,10 in | 11 ft ,9 in x 12 ft ,10 in |
| Main Level | Bedroom | 9 ft ,10 in | 11 ft ,9 in | 9 ft ,10 in x 11 ft ,9 in |
| Main Level | 4pc Bathroom | x x x | ||
| Main Level | Living Room | 13 ft ,6 in | 15 ft ,6 in | 13 ft ,6 in x 15 ft ,6 in |
| Main Level | Kitchen | 8 ft ,6 in | 11 ft ,2 in | 8 ft ,6 in x 11 ft ,2 in |
| Main Level | Bedroom | 11 ft ,9 in | 12 ft ,10 in | 11 ft ,9 in x 12 ft ,10 in |
| Main Level | Bedroom | 9 ft ,10 in | 11 ft ,9 in | 9 ft ,10 in x 11 ft ,9 in |
| Main Level | 4pc Bathroom | x x x |
https://www.realtor.ca/real-estate/29284500/245-3rd-street-ne-wadena
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January 23 2026 07:15:08
Saskatoon Region Association of REALTORS® Inc.
Aspaire Realty Inc.