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Listed by Dan Thibault • Century 21 Dome Realty Inc.
$399,900
Est. payment /mo
6 Beds
4 Baths
2,506 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,506 sqft
Price per Sqft $159
Subdivision Hillsdale
MLS Listing ID SK046147
Style 2 Storey
Bedrooms 6
Year Built 1958
Lot Size 7,792 Sqft
Acres 0.17887971
Property Sub-Type Detached
Source Saskatchewan
Property Description
Exceptional University-Area Investment Opportunity! This spacious 2,500 sq. ft. home offers six bedrooms and four bathrooms, making it an excellent revenue property with strong rental potential thanks to its close proximity to the University of Regina.
What truly sets this property apart is the unique addition, featuring a large, self-contained recreation room plus a loft area currently being used as a seventh bedroom and additional living space. This flexible configuration provides an outstanding
opportunity for an owner-occupier, investor, or extended family.
Imagine living comfortably in your own private loft and recreation area while collecting rental income from the six additional bedrooms. Alternatively, the entire property can be utilized as a high-demand student rental, maximizing its income potential.
With its generous size, four bathrooms, exceptional bedroom count and sought-after university location, this property offers a rare combination of space, flexibility and investment potential. Whether you're looking to build your rental portfolio or create a unique home where you can live while generating substantial rental income, this property deserves a closer look.
Dining Room and Living nroom furniture included. 3Fridges included, all in as is condition.
Based on a $320,000 mortgage at 4% over 30 years. monthly payment $1527
Consider the following ASSUMPTION. Buyer to do their own calculations
1,527/month mortgage
230/month insurance
360/month property tax
200/month water
250/month energy&power
2,570 Total monthly cost
4,500/monthly rent - (2,570) total monthly cost = 1,930 monthly cash flow
1,930 monthly cash flow x 12 months is 23,160 yearly cash flow
Original investment is 20% of the purchase price of 400,00 or $80,000 down payment/investment amount)
23,160/$80,000 = 29% return on your original invested amount of 85,000
I didn't take into consideration rentals of water heaters or softeners or vacancies.
What truly sets this property apart is the unique addition, featuring a large, self-contained recreation room plus a loft area currently being used as a seventh bedroom and additional living space. This flexible configuration provides an outstanding
opportunity for an owner-occupier, investor, or extended family.
Imagine living comfortably in your own private loft and recreation area while collecting rental income from the six additional bedrooms. Alternatively, the entire property can be utilized as a high-demand student rental, maximizing its income potential.
With its generous size, four bathrooms, exceptional bedroom count and sought-after university location, this property offers a rare combination of space, flexibility and investment potential. Whether you're looking to build your rental portfolio or create a unique home where you can live while generating substantial rental income, this property deserves a closer look.
Dining Room and Living nroom furniture included. 3Fridges included, all in as is condition.
Based on a $320,000 mortgage at 4% over 30 years. monthly payment $1527
Consider the following ASSUMPTION. Buyer to do their own calculations
1,527/month mortgage
230/month insurance
360/month property tax
200/month water
250/month energy&power
2,570 Total monthly cost
4,500/monthly rent - (2,570) total monthly cost = 1,930 monthly cash flow
1,930 monthly cash flow x 12 months is 23,160 yearly cash flow
Original investment is 20% of the purchase price of 400,00 or $80,000 down payment/investment amount)
23,160/$80,000 = 29% return on your original invested amount of 85,000
I didn't take into consideration rentals of water heaters or softeners or vacancies.
Location
Province SK
Community Hillsdale
Rooms
Basement Crawl, Partial Basement, Fully Finished
Kitchen 1
Interior
Interior Features Sump Pump, Wet Bar
Hot Water Gas
Heating Forced Air, Natural Gas
Appliance Dishwasher Built In, Dryer, Fridge, Garage Door Opnr/Control(S), Stove, Washer
Exterior
Exterior Feature Stucco
Parking Features 1 Car Attached
Garage Spaces 5.0
Roof Type Asphalt Shingles
Total Parking Spaces 5
Building
Lot Description Rectangular
Others
Ownership Freehold
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