206 Burns Avenue West, Melfort, SK

Turnkey Multi-Unit Investment Opportunity

206 Burns Avenue West, Melfort, SK 

Excellent passive income opportunity with this solid three-unit multifamily property offering zero vacancy. Current gross income is $27,600, with potential to increase to $31,000+ per year. The landlord currently pays all utilities (Power $2,905; Energy $1,900; Property Tax $2,595; Water/Sewer $3,100, although this is atypically high due to a leak).

 This well-built and well-maintained property was built in 1968 and features a full concrete basement. The unit mix includes one 2-bedroom suite on the main floor, plus one 1-bedroom suite and one bachelor suite in the basement.

 Recent upgrades include:

·         Shingles (2024)

·         Eavestroughs (2024)

·         PVC windows throughout (2016)

·         Two energy-efficient furnaces (2015)

·         Hot water heater (2015)

·         Washer and dryer (2015)

·         Some new flooring

 The property also offers a lawn front and back, maintenance free backyard fence and garden shed, adding further tenant appeal.