285 Fairford Street E Moose Jaw, Saskatchewan S6H 0E1

$2,100,000

Looking to expand your investment portfolio? This strong 18-suite apartment building offering immediate, stabilized cash flow in a high-demand central Moose Jaw location is available for purchase. Property has 17/18 suites currently rented with a proven tenant base, including 6 long-term tenants with residency spanning approx 6 to 16 years, supporting predictable income & reduced turnover. The building features a desirable suite mix of 6 two-bedroom units, 11 one-bedroom units, &1 bachelor suite, appealing to a broad rental demographic. Most suites have been updated over time with improvements including flooring, paint, & bathroom vanities. All suites are equipped with newer intercom systems, solid core fir entry doors, & include fridge, stove, & hood fan. Separate electrical metering allows for efficient expense control & improved net operating income. Key capital upgrades & mechanical features include natural gas boiler with baseboard heating in all suites, 81-litre hot water heater, & all windows have been replaced. The top two floors (12 suites) are equipped with wall air conditioning, enhancing tenant retention & rental appeal. Coin-operated laundry on the lower floor provides additional income. The site includes 18 electrified parking stalls, a strong amenity in this central location. Located across from Crescent Park, steps to public transit & the Senior Activity Centre, & within walking distance to Temple Gardens Mineral Spa & Casino, restaurants, banking, retail/grocery stores, & medical clinic. This location supports consistent demand & long-term rental stability. An excellent opportunity for investors seeking a well-located, stabilized multi-family asset with long-term tenants, controlled expenses, & future rental upside in a growing rental market. (id:62370)

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