28
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$349,000
Est. payment /mo
0.48 Acres Lot
Active
10 Pearl AVE Killaly, SK S0A 1X0
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Key Details
Property Type Multi-Family
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID SK030793
HOA Y/N No
Year Built 1988
Annual Tax Amount $4,387
Tax Year 2025
Lot Size 0.482 Acres
Acres 0.4821
Lot Dimensions 140.00x150
Property Sub-Type Residential
Property Description
Turnkey, fully rented income-producing investment with strong cash flow. This well-maintained, wheelchair-accessible 7-suite multi-family property offers an outstanding opportunity for investors seeking stable rental income. Conveniently located just minutes from Melville, this approximately 5,500 sq. ft. building sits on a generous 140' x 150' lot and features seven fully rented well-maintained rental suites, including four 1-bedroom units, two 2-bedroom units, and one bachelor suite. Designed for tenant comfort and ease of management, the property offers a spacious common area, free shared laundry, private patio space for each suite, beautifully maintained green space, and six electrified parking stalls. The building has been well cared for and provides comfortable living in a quiet community, making it attractive to long-term tenants. With an approximate gross annual rental income of $68,400, estimated operating expenses of $29,000, and an approximate Net Operating Income (NOI) of $39,400, this property presents a solid investment opportunity with immediate income and future appreciation potential. Whether you're expanding your real estate portfolio or purchasing your first multi-family investment, this property offers an excellent combination of cash flow, stability, and value. All measurements, income, expenses, and projections are approximate and should be independently verified by interested buyers.
Location
Province SK
Community Other, See Remarks
Area Killaly
Interior
Heating Electric, Hot Water, Natural Gas
Flooring Wood
Fireplace No
Appliance Dryer, Refrigerator, Stove, Washer
Exterior
Exterior Feature Landscaping
Community Features Other, See Remarks
Porch Deck, Patio
Total Parking Spaces 6
Building
Lot Description Back Yard, Front Yard, Garden, Sprinklers None, Trees
Dwelling Type Low Rise,Multi Family
Others
Pets Allowed No
Ownership Freehold
Security Features Smoke Detector(s),Security Lights
Listed byRE/MAX Blue Chip Realty
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