Mansard Terrace

Exceptional Real Estate investment opportunity - 14 suiter

Mansard Terrace is located in the premium A++ east side location of 8th street and Broadway Avevnue in Nutana. Saskatoon is one of the fastest growing cities in Canada with a strong and diversified economy, and a metropolitan area of over 300,000 people. This building is in excellent condition with no deferred maintenance. The project has a new roof, and will have a newly installed boiler system upon possession. Many upgrades including common areas, combined with a dynamite street appeal will provide for excellent upside potential as the economy recovers.

ROI: Please contact for more information
Sold for: $2,170,000 in Nov 2024

Purchased 2017 $1,470,000 with a 65% loan @3.25%

Cash invested $630,000

Sold for $2,170,000 or 48% increase in value!

 

What is exceptional about this deal:

• Low purchase price of $105,000 per unit given premium  condition and class “A” location.
• Excellent suite mix with 8 large, two bedroom units!
• Building has been well maintained with $120,000 spent in the past 3 years.
• The upside potential for Saskatoon is tremendous, with large population growth expected.
• Nutana is one of the most premium locations in all of Saskatoon, close to Market Mall.
• Saskatchewan economy still going strong, despite low oil prices.
• Numerous upgrades including roof ($60,000), boiler ($50,000) and new common area carpets ($7000) in 2014. Many suites have been upgraded as well.
• Many new condos and condo conversions in the area.
• Cash flow from day 1 due to condition, with good rental upside medium and long term. Rents currently well below market.

Question about the project?

Please fill out this quick form if you have any questions regarding the business or the project!