Commercial

126 - 1st., Ave., East, 12 Unit Apartment Building, Real Estate

Pick up location: 126 1st Avenue East, Kindersley, SK

Auction: REAL ESTATE - MULTI-FAMILY APARTMENT BUILDING - 126 1ST AVE EAST KINDERSLEY, SK

Lot: 1525

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Close Date

Fri Jun. 27, 2025 1:00 pm CST

Current Bid: 10000 CAD

superelite - 1 bids

Item Quantity: 1

Condition: THIS AUCTION REQUIRES PRE-REGISTRATION

Serial Number: Lot 17 - 18 Block 7 Plan G9

PST: Normal

Subject to a $2,000.00 Buyers Fee.
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Listing Details

Features and Specifications

Other Description:
 
Excellent Investment Property Opportunity!
12 Suite Apartment located in Kindersley, Saskatchewan. Improvements and renovations have been made to the property over the years, including new windows, stoves and fridge replaced, new water heaters in 2023 and boiler improvements also in 2023, etc. In 2024 a unit was fully renovated including new countertops, flooring, paint, and appliances. Units are a mixture of 1 bedroom and bachelor set ups. Currently the property is fully occupied and has been managed by a reliable tenant for a number of years. The property is well situated in Kindersley, with convenient access to amenities.
 
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Property Information:
Type: MultiFamily,
Style: Low-Rise,
Year Built: 1962,
Lot Size: 5,704 Square Feet,
Property Taxes: 7,000.00,
On site stall parking (4),
Single shared laundry,
Heating: Boiler,
Two hot water tanks (owned),
Exterior Finish: Roughcast Stucco,
Separate power meters,
7 Standard 1 bedroom Units,
5 Standard Bachelor Units,
Average Rent: $650 - $750 per month
 
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List of Improvements
New Windows - March 2016,
New Expansion tank for boiler in 2017,
Water Heaters (2) replaced in 2023,
New pressure valve and rebuilt circulation pump for the boiler in 2023,
New Washer and Dryer - 2025,
Stoves replaced in last 6 years, (unit 3 - March 2025),
All Fridges replaced in last 8 years, (units 3 and 16 - 2025),
New Heater by back door - March 2024,
Automatically locking door locks installed on doors,
New Paint and tub surrounds in units 3, 4, 9, and 10,
New bathroom, flooring and paint in unit 7,
New laminate floors and paint in unit 1,
Unit 12 (small bachelor) completely renovated in 2024, inc. countertops, flooring, appliances, and paint,
 
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Damages:
Wear and tear on exterior roughcast stucco, some missing ceiling lights on landings,
The property is Smoking and Cat Friendly. The following units are bing smoked in, or have been within the past two years or so. Units: 4, 6, 7, 9, & 11.
There is past water damage beneath most windows, across the 12 units, damage was caused by improperly installed windows, underlying cause has been fixed, resulting damage has not.
Some valves and pipes in lower hallway ceiling are slow leaking, plumber has been called to investigate and fix.
 
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Additional Information
Rent Roll, and Income and Expense Statement are available with registration to auction, and completion of NDA, please contact the Real Estate Department for more information.
Additional pictures have been added as a downloadable PDF in the documents below.
 

Lot Overview

Viewing:
Viewing upon request, please call the real estate department for an appointment at 306-271-1505.

Terms and Conditions:
Auction will close on Friday, June 27, 2025.
1. Upon close of auction the highest bidder will be required to pay a non-refundable deposit with certified funds to McDougall Auctioneers of 10% plus the Buyer's Fee and applicable taxes within 24 hours. If you are the highest bidder, your refundable deposit will automatically be applied to and become part of your non-refundable deposit.
2. Remainder of funds to be paid into trust with your lawyer within 21 business days of acceptance of sale.
3. The Purchaser shall be responsible for the costs of its solicitor and for the costs of registration of the appropriate transfer document(s), and any mortgage costs it might incur.
4. Possession to occur within 21 business days of the close of the auction.
5. All auction items are sold buyer beware and as is where is.
6. Subject to a $2000 Buyers Fee.
7. Sold free and clear of all liens and encumbrances.
8. Offers may be subject to the approval of appropriate parties.
9. Offers may be presented on the property while the auction is ongoing. Should an offer be accepted. the auction sale will be ended and registered bidders will be notified.
10. This Auction is Reserved.

THIS AUCTION SALE REQUIRES PRE-REGISTRATION!!
A refundable deposit of $5,000 is required to participate in this sale. Please allow a minimum of 24 hours to be registered.
NO FINAL DAY REGISTRATIONS WILL BE PERMITTED.
Please contact our Real Estate office to start the registration process. Prior to contacting our office, please ensure you have your bidding account for mcdougallauction.com completed and set up.
Our Real Estate Office is available by phone or email, Monday to Friday, 8 AM to 4:30 PM. Phone 306-271-1505. Email: realestate@mcdauction.com
Refundable deposit will be returned within 5 business days to unsuccessful bidders. You may also provide us a copy of a void cheque so that we can return the deposit more quickly.
If you are the highest bidder, your refundable deposit will automatically be applied to and become part of your non-refundable deposit.
Fully Occupied, 12 Unit Apartment Building. This is an excellent opportunity to purchase an income producing property, with plenty of potential and value. A mixture of bachelor and 1 bedroom units, this apartment has long term tenants, recent improvements and much more. View the listing below for full details.
For More Information Regarding This Sale, Please Contact:
Cory Hall at 306-541-4409 or 306-271-1505.

Documents

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Pick Up & Conditions

Terms

TERMS & CONDITIONS - Cash, Debit, Certified Cheque, Corporate Creditor Or Online Payments. (2.4% Convenience Fee On Credit Card Transactions) - Buyer's Fee of $2,000 per Lot. - Subject To Additions & Deletions.

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