405 Main Street
Spy Hill Spy Hill S0A 3W0

$340,000
Multi-Family built: 1977

Main Photo: 405 Main Street in Spy Hill: Multi-Family for sale : MLS®# SK971217
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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
SK971217
Year Built:
1977
Don't miss the chance to add this exceptional property to your investment portfolio. Located at 405 Main Street, Spy Hill, SK, this building has served as an unassisted seniors living facility since its construction in 1977. It features 19 one-bedroom units, each equipped with ample storage space, a 4-piece bath, and an open-concept living room and kitchen area. Residents access their units via a shared hallway system, secured by an interphone entry system. The facility offers numerous communal amenities, including a kitchen, a large living room, a yard, and additional bathrooms for hosting larger events or socializing with fellow residents. There's also an assisted bathing facility connected to a shared laundry room, free for all residents. This space was originally the 20th unit and can be converted back if desired. The building is heated by a well-maintained radiant boiler system with interconnected domestic hot water, featuring recent updates such as updated boilers (within last decade), recirculating pumps and water heaters (within last month). The fire alarm system is robust, and a central exhaust system ensures continuous fresh air circulation. Other notable updates include updated shingles, some new appliances, some sump pumps, some flooring, and updated windows on the east side. This property is ideal for continuing to serve the senior community in the area or could be repurposed for long-term housing for contracting crews. With its low cost per unit, this is an investment opportunity you won't want to miss.
Listing Area:
Spy Hill
Property Type:
Multi-Family
Property Sub Type:
Residential & Commercial
Building Type:
Low-Rise (3 floors and under)
Num Storeys:
1
Year built:
1977 (Age: 47)
Complex / Subdivision:
Parkview Manor
Taxes:
$7,024 / 2023
Frontage:
300'
Ownership Title:
Freehold
Number of Elevators:
0
Smoke Detector:
Yes
Sprinkler system:
No
Heating:
Hot Water, Natural Gas
Floor finish:
Wood
Construction:
Indeterminable
Exterior Finish:
Brick, Wood
Recreation Centre, Shared Laundry, Visitor Parking, Wheelchair Access
Lawn Back, Lawn Front
Equipment Included:
Fridge, Stove, Washer, Dryer, Window Treatment, Air Conditioning, Emerg. Lighting
# Units:
0
Bachelor Units:
0
1-Bedroom Units:
19
2-Bedroom Units:
0
3-Bedroom Units:
0
Total 4 bedroom units:
0
Total 5 bedroom units:
0
Lot Size:
1.03 acre(s)
Parking Places:
10.0
Parking Places Covered:
0.0
Parking places electrified:
10
Parking places open:
0
Date Listed:
May 31, 2024
Days on Mkt:
21
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Listed by RE/MAX Blue Chip Realty
Data was last updated June 21, 2024 at 07:35 PM (UTC)
ELYCE WILSON
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