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Rosthern,SK S0K 3R0
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 SK987384
Style 2 Storey
Bedrooms 10
Originating Board Saskatchewan
Year Built 1952
Annual Tax Amount $7,544
Tax Year 2023
Lot Size 0.440 Acres
Acres 0.44
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 $60,000/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 just been opened. Call today!
Location
Province SK
Rooms
Basement Full Basement,Fully Finished
Kitchen 4
Interior
Interior Features Heat Recovery Unit,Sump Pump
Heating Baseboard,Hot Water,Natural Gas
Cooling 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 8.0
Roof Type Asphalt Shingles
Total Parking Spaces 8
Building
Lot Description Lane,Rectangular
Building Description Wood Frame, Fourplex (all 4 units)
Structure Type Wood Frame
Others
Ownership Freehold