3
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$3,360,000
Est. payment /mo
Active Under Contract
42 Rural Address Melville, SK S0A 2P0
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Key Details
Property Type Multi-Family
Sub Type Residential
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SK048132
HOA Y/N No
Year Built 1976
Annual Tax Amount $47,100
Tax Year 2026
Property Sub-Type Residential
Property Description
Rare opportunity to acquire an established 42-unit apartment portfolio in Melville, Saskatchewan as a single transaction. The offering comprises three well-maintained walk-up buildings — 851 Scotia Street, 860 Scotia Street and 161-171 12th Avenue West — built in 1976. Suites are predominantly two-bedroom; all above-grade units are air-conditioned, and the property provides electrified parking with a stall for every unit. Renovated suites showcase newer flooring, updated kitchens and with newer appliances, refreshed bathrooms and trim throughout.
What sets this offering apart is the team already in place. A highly experienced property manager handles day-to-day operations alongside a capable on-site resident manager, giving a purchaser a genuinely turnkey asset with established systems and no learning curve. Ownership has also completed substantial capital expenditures in recent years, including roofing, mechanical and boiler systems, windows, common areas, and some full-suite renovations, with further work underway, meaning the major building envelope and system investments have largely been made. Melville is a CN Rail divisional point with an economy anchored by rail, agriculture, potash, healthcare and education. The portfolio has previously qualified for CMHC-insured financing. Request the Buyer's Package today.
What sets this offering apart is the team already in place. A highly experienced property manager handles day-to-day operations alongside a capable on-site resident manager, giving a purchaser a genuinely turnkey asset with established systems and no learning curve. Ownership has also completed substantial capital expenditures in recent years, including roofing, mechanical and boiler systems, windows, common areas, and some full-suite renovations, with further work underway, meaning the major building envelope and system investments have largely been made. Melville is a CN Rail divisional point with an economy anchored by rail, agriculture, potash, healthcare and education. The portfolio has previously qualified for CMHC-insured financing. Request the Buyer's Package today.
Location
Province SK
Community Laundry Facilities
Area Melville
Interior
Interior Features Window Treatments
Heating Hot Water
Cooling 1 Unit
Flooring Wood
Fireplace No
Window Features Window Treatments
Appliance Dishwasher, Refrigerator, Stove
Laundry Common Area
Exterior
Exterior Feature Landscaping
Community Features Laundry Facilities
Total Parking Spaces 42
Building
Lot Description Sprinklers None
Dwelling Type Low Rise,Multi Family
Others
Pets Allowed No
Ownership Freehold
Security Features Smoke Detector(s)
Listed byCentury 21 Fusion
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