245 3rd STREET NE

Solid four-plex investment opportunity featuring a proven renovation history and strong rental fundamentals. This 1,610 sq. ft. building offers 7 bedrooms and 4 bathrooms across four self-contained units, providing an attractive mix of one- and two-bedroom suites well suited to local rental demand. The property has undergone major renovations, including updates to kitchens, bathrooms, windows, doors, siding, insulation, flooring, plumbing, and mechanical systems. An updated furnace and newer plumbing add further long-term reliability. A refrigerator was replaced in Unit 2 within the past year. Appliances are included, simplifying turnover and management. The layout and suite mix support consistent demand and efficient operations. The seller prefers to sell this property as part of a portfolio package with 89 Horkoff Street and 633/635 3rd Street, offering investors an opportunity to acquire scale and operational efficiencies across multiple assets. A strong option for investors focused on stabilized returns, renovation-backed value, and long-term rental income.

type

House, Single Family

bedrooms

7

bathrooms

4

living area

1,610 sq ft

lot

0 sq ft

parking

0

year built

1975

property tax

$3,137 / yr

days on market

9

MLS®

SK051213

• Corner Site
• Irregular lot size
• Washer
• Refrigerator
• Stove
• Dryer