2440 Abbott Road Regina, Saskatchewan S4N 2K3

Low Rise Hot Water Lawn

$1,050,000

Excellent investment opportunity to acquire a well-maintained 9-unit apartment building in the desirable Arnhem Place neighbourhood of Southeast Regina. Ideally situated within walking distance of Douglas Park and Wascana Park, this property offers tenants convenient access to green space, recreation, public transit, shopping, and other nearby amenities. Over the past several years, the building has undergone numerous capital improvements, providing peace of mind for investors and reducing future maintenance costs. Recent Updates Include: ? Sheet metal roof (approximately 7 years old) ? New eavestroughs ? 22 new windows ? New PEX water and heating lines throughout the basement ? New sewer line ? New flooring in common hallways and stairwells ? New underground yard sprinkler system The property features a 75-gallon rented hot water heater through Heath and an on-demand hot water boiler currently rented through Mackenzie. The boiler rental will be paid out by the seller upon completion, providing added value to the purchaser. The seller has also used 2 suites as Airbnb units, with approximate income in 2025 of $140,000.00. This is an excellent opportunity for investors seeking a solid multi-family asset in a strong rental location with significant recent capital upgrades. (id:62370)

Property Details

MLS® Number SK040888
Property Type Multi-family
Neigbourhood Arnhem Place
Community Features Pets Allowed With Restrictions
Features Treed
Parking Space Total 7

Building

Amenities Shared Laundry
Appliances Washer, Refrigerator, Dryer, Stove
Architectural Style Low Rise
Constructed Date 1961
Heating Type Hot Water
Stories Total 1
Type Multi-family

Land

Acreage No
Landscape Features Lawn
Size Irregular 8868.00
Size Total 8868 Sqft
Size Total Text 8868 Sqft
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