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Listed by Kevin Cross • Royal LePage Saskatoon Real Estate

$ 599,900

Est. payment -/mo

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Active

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

10 Beds

8 Baths

3,360 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Attached

Listing Status Active

Purchase Type For Sale

Square Footage 3,360 sqft

Price per Sqft $178

MLS Listing ID SK002139

Style 2 Storey

Bedrooms 10

Originating Board Saskatchewan

Year Built 1952

Lot Size 0.440 Acres

Acres 0.44

Property Sub-Type Attached

Property Description

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 $63,600/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 recently opened. Call today!

Location

Province SK

Rooms

Basement Full Basement, Fully Finished

Kitchen 4

Interior

Interior Features Heat Recovery Unit, Sump Pump

Hot Water Gas

Heating Baseboard, Hot Water, Natural Gas

Appliance Fridge, Stove, Washer, Dryer, Dishwasher Built In, Microwave Hood Fan, Shed(s)

Exterior

Exterior Feature Siding, Vinyl

Parking Features No Garage, Parking Spaces

Garage Spaces 10.0

Roof Type Asphalt Shingles

Total Parking Spaces 10

Building

Lot Description Lane, Rectangular

Building Description Wood Frame, Fourplex (all 4 units)

Structure Type Wood Frame

Others

Ownership Freehold

Chris Mish

+1(306) 581-5623