About this property

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. (id:13843)

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