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1-4 316 3rd STREET W
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Delisle · Single Family · under $975,000 · 7+ bed · 7+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Opportunity awaits with this high-quality modern 4-plex constructed by Flatlander Construction, a builder known for craftsmanship and attention to detail. This property offers excellent cash flow with newer, hassle-free construction in the growing town of Delisle. Investors can live in one unit and let the other three pay the mortgage, all while qualifying with as little as 5% down and enjoying positive cash flow. Each unit is individually titled, giving you flexibility for the future—hold the entire building, sell units separately down the road, or even explore the seller’s option to purchase half now. With a new double-lane highway and easy commutes to Saskatoon, Delisle is poised for growth, making this an attractive long-term investment. The unit mix is designed to appeal to a wide range of tenants. Upper-level homes feature three bedrooms, two bathrooms, an attached single garage with direct entry, and a large private balcony offering panoramic countryside views—partially covered so you can choose sun or shade. Lower-level units include two bedrooms and two bathrooms, with walkout access to the spacious backyard and greenspace. Inside, every unit is finished with a stylish kitchen that includes upgraded quartz countertops, ample cabinetry, and plenty of storage. High-end laminate and tile flooring flow through the main living areas, with plush carpet in the bedrooms for added comfort. Single-level living with laundry on the same floor makes each unit convenient and practical. This is just the tip of the iceberg with great schools & park nearby—reach out today to explore the full potential. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11 × 15.1 feet | |
| Dining room | 10 × 12.4 feet | |
| Living room | 12.4 × 14.5 feet | |
| Bedroom | 12 × 13 feet | |
| Bedroom | 10 × 12 feet | |
| 4pc Bathroom | — | |
| 2pc Bathroom | — | |
| Laundry room | — | |
| Kitchen | 11 × 15.1 feet | |
| 4pc Bathroom | — | |
| Bedroom | 12 × 13 feet | |
| Bedroom | 10 × 12 feet | |
| 2pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11 × 16.4 feet | |
| Dining room | 10 × 12.11 feet | |
| Living room | 12.11 × 15 feet | |
| 2pc Bathroom | — | |
| 4pc Bathroom | — | |
| Bedroom | 10 × 10 feet | |
| Laundry room | — | |
| Bedroom | 12 × 12 feet | |
| Kitchen | 12.11 × 15 feet | |
| 4pc Bathroom | — | |
| Bedroom | 10 × 10 feet | |
| Bedroom |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.61%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,512
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Mar 5, 2026.
| 12 × 12 feet |
| 2pc Bathroom | — |
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.