44 Mayo STREET

Description

10 Doors Potential. 2 Properties. 1 Opportunity. This listing includes a TRIPLEX and DUPLEX (5 UNITS), with an identical package also available across the alley for a full 10-unit investment.(MLS SK030891)This is the kind of investment that doesn't come around often offering two income-generating packages, each consisting of a triplex and a duplex (5 units perpackage), with the option and strong preference to purchase both sides of the alley together for a full 10-unit portfolio. Each unit features a spacious 1,152 sq. ft. two-storey layout with 3 bedrooms and 2 bathrooms, making them highly desirable for long-term tenants. The properties are fully occupied with consistent demand, and vacancies are quickly filled thanks to an existing waitlist and steady inquiries. A major capital expense has already been taken care of with NEW SHINGLES completed in 2026. Located in the growing community of Lanigan, this investment is ideally positioned near major employment opportunities including Nutrien Potash Mine, the BHP Jansen Potash Mine, and Aspen Power Station. With so much growth and employment in the area, rental demand stays consistently strong, exactly what investors want to see for long-term stability. Built with solid concrete construction from the ground up, these properties offer durability and long-term peace of mind. Each unit is independently metered for utilities and each tenant pays their own utilities. Each unit is also equipped with in-suite laundry hookup located in the basement, Strong value has already been added, with 4 of the 5 units recently renovated, featuring new flooring, fresh paint, updated vanities, and countertops. The fifth unit has been partially renovated, presenting an opportunity to complete updates and further enhance rental income. Recent updates include new shingles completed in 2026, and each unit includes one powered parking stall. With strong tenant retention and proven rental performance, this is a turnkey multi-family investment.

Listing courtesy of Exp Realty