707 Lalonde Street, Whitewood

Unlock the potential of this exceptional investment property in Whitewood, SK. Formerly a Bank of Montreal branch, this well-maintained building is now a haven for creative minds and savvy investors alike. Step into the ground floor, where financial stability meets artistic inspiration. The front space is leased to an accountant's office, generating a steady $800/month. Meanwhile, at the rear, the owner's art studio adds a personal touch to the property's vibrant character. Ascend to the BEAUTIFUL loft, a living space that's currently rented for $1650, inclusive of utilities. This open-concept area boasts a modern kitchen, convenient laundry facilities, and a delightful deck with access to the rooftop. The double-car garage below offers untapped potential for additional rental income, as the unheated space above could be transformed into a charming living unit. Explore further income opportunities by leasing out the basement for storage purposes. The entire property is fenced, ensuring security and privacy for its diverse occupants. Structural upgrades abound, including asphalt shingles (with recent replacements on two sides), two high-efficiency furnaces (only 10 years old), and a new water heater installed in 2023. The living space boasts PVC double-pane/argon gas windows. Whitewood is located at the crossroads of Highways No.1 and #9, it's the midpoint between Regina, SK, and Brandon, MB, and the midpoint of the US border and Hudson Bay, SK. Approximately 1.5 hours from East of Regina and 1 hour from South of Yorkton, the town has a population of around 1000 people, offering essential services. It's less than half an hour to Round Lake, about half an hour to potash mines in Esterhazy and Rocanville. This property promises a unique and promising investment opportunity at the heart of regional connectivity. All measurements are approximate and can be verified by interested parties. Schedule a viewing today and unlock the possibilities! (id:1945)