1909 7th St. E. Saskatoon, SK
 
 
 

FOR SALE - This property is sold.

Asking Price: $920,000
Mortgage: Treat as clear title
Legal: Lot 7, Blk 281, Plan 60506500
Building Description:
  • 11 suites, Concrete construction
  • 5 x 1Br (approx. 495 sq ft)
  • 6 x 2Br (approx. 700 sq ft)
  • 2 A/C
  • New R-30 type 4 slope roof in 2006, 10 yr warranty at a cost of $36,000
  • New boiler and water heater in 2009 at a cost of $20,000, estimated cost savings in utilities of 16%
  • Mahogany cupboards
  • There are 7 parking stalls on site and parking lot is concrete.
  • Very clean and well maintained building in an excellent location

 

Operating Results

   
Dec. 31/09
  
ProForma (Current)
Revenue - Rent  
$ 91,565
 
$ 101,820
Laundry  
$ 820
 
$ 1,000
Vacancy  
 $______
  
 $ (1,500)
Gross  
$ 92,385
  
$ 101,320
   
 
Expenses  
 
Advertising  
$ 25
 
$ 200
Caretaker   $ 1,328  
$ 3,300
Insurance  
$ 1,594
  
$ 2,000
Management   $ 2,500  
R&M (upgrades)  
$ 3,860
 
$ 8,250
Taxes  
$ 6,374
 
$ 6,243
Utilities   $ 11,979   $ 10,000
Total  
$ 27,660
 
$ 29,993

 
 
Surplus  
$ 64, 725
  
$ 71,327

Disclaimer: Del Peters Realty received the above information contained in this proforma from sources deemed reliable but do not guarantee same. Each investor must rely on their own investigation of the salient facts.