High-Yield Four-Plex Opportunity in Saskatoon

This multi-family property located at 1627 W 22nd Street features a four-unit configuration with a total of 8 bedrooms and 6 bathrooms. The building is currently fully occupied, providing a stable income stream for investors. Suite/zoning status to be independently verified with the municipality. With a purchase price of $531,700, this asset is positioned to capture strong rental demand in the local area. Based on the provided gross monthly rent of $5,400, the property demonstrates significant revenue potential. Assuming a 20% down payment ($106,340) at a 5.5% interest rate over a 25-year amortization, the monthly mortgage payment is approximately $2,600. After accounting for estimated property taxes of $6,380 annually (calculated at 1.2% of the purchase price) and other operating expenses, the property offers a compelling cash flow profile. Saskatoon has seen a 7% appreciation over the past year and a 33% increase over the last five years, suggesting a healthy long-term growth trajectory for residential assets. This investment thesis centers on the property's status as a turnkey, fully tenanted asset, which minimizes initial vacancy risk. Investors should conduct thorough due diligence regarding the building's mechanical systems and long-term maintenance requirements. Risks include potential interest rate volatility and the inherent management responsibilities associated with multi-unit residential properties.