206 W Burns Avenue

Melfort Melfort S0E 1A0

Excellent passive income opportunity with this solid three-unit multifamily property offering zero vacancy. Current gross income is $27,600, with potential to increase to $31,000+ per year. The landlord currently pays all utilities (Power $2,905; Energy $1,900; Property Tax $2,595; Water/Sewer $3,100, although this is atypically high due to a leak). This well-built and well-maintained property was built in 1968 and features a full concrete basement. The unit mix includes one 2-bedroom suite on the main floor, plus one 1-bedroom suite and one bachelor suite in the basement. Recent upgrades include: Shingles (2024); Eavestroughs (2024); PVC windows throughout (2016); Two energy-efficient furnaces (2015); Hot water heater (2015); Washer and dryer (2015); Part Flooring (2015). The property also offers a lawn front and back, maintenance free backyard fence and garden shed, adding further tenant appeal.