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Rosthern
410 & 412 4th AVENUE
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410 & 412 4th AVENUE $599,900
$599,900
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410 & 412 4th AVENUE
Rosthern, Saskatchewan S0K3R0

MLS® Number: SK987384
10
Bedrooms
8
Bathrooms
3360
Square Feet

Listing 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! (28599849)

Property Summary

Property Type
Single Family
Building Type
Fourplex
Storeys
2
Square Footage
3360 sqft
Title
Freehold
Land Size
0.44 ac
Built in
1952
Annual Property Taxes
$7,544
Parking Type
None, Gravel, Parking Space(s) (8)
Time on REALTOR.ca
18 days

Building

Bathrooms
Total
8
Interior Features
Appliances Included
Washer, Refrigerator, Dishwasher, Dryer, Microwave, Storage Shed, Stove
Basement Type
Full (Finished)
Building Features
Features
Treed, Lane, Rectangular, Sump Pump
Architecture Style
2 Level
Heating & Cooling
Heating Type
Baseboard heaters, Hot Water, (Natural gas)
Parking
Parking Type
None, Gravel, Parking Space(s) (8)

Measurements

Square Footage
3360 sqft

Rooms

MetricImperial
Main level
Foyer
Living room
Dining room
Kitchen
2pc Bathroom
Living room
Dining room
Kitchen
2pc Bathroom
Second level
4pc Bathroom
Laundry room
Bedroom
Bedroom
Primary Bedroom
3pc Ensuite bath
Bedroom
Bedroom
Bedroom
4pc Bathroom
3pc Bathroom
Basement
Living room
Dining room
Kitchen
4pc Bathroom
Bedroom
Bedroom
Bedroom
Bedroom
4pc Bathroom
Kitchen

Land

Lot Features
Fencing
Partially fenced
Frontage
95 ft
Landscape Features
Lawn
Data provided by: Saskatchewan REALTORS® Association 1705 McKercher Drive, Saskatoon, Saskatchewan S7H 5N6
306-220-4433
REALTOR® Website
Email
Book showing
Royal LePage Saskatoon Real Estate
620 Heritage Lane
Saskatoon, Saskatchewan S7H5P5
306-242-3535
306-244-5506

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