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143 Aberdeen STREET
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Elbow · Business · under $375,000. Alerts only send when there are new or meaningfully updated matching homes.
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143 ABERDEEN ST, ELBOW, SASKATCHEWAN HIGH-POTENTIAL INCOME PROPERTY in the resort community of Elbow, just minutes from LAKE DIEFENBAKER. Situated on two titled lots totaling approximately 0.27 acres, this recently retrofitted 3,376 sq ft commercial-zoned building offers MULTIPLE REVENUE POSSIBILITIES including short-term rentals, staff housing, retreat accommodations, or a mixed residential/commercial operation. The renovated lower level is ideally configured for rental use, featuring FIVE SPACIOUS BEDROOMS, a shared TV/lounge area, dining space, and a large working kitchen with updated appliances , a layout well suited for GROUP BOOKINGS, worker housing, or extended-stay guests. Two bathrooms serve this level, including a 3-piece with shower and a separate 2-piece. Each bedroom includes fresh air returns, electrical has been fully updated, and the boiler system is well maintained and regularly serviced for dependable operation. The main floor offers a LARGE GYM OR MULTI-PURPOSE SPACE that could generate additional income as event space, studio, or common area for guests. A raised stage has been set up as a living area with couches and large television, with an additional bedroom off the stage, plus a third 3-piece bathroom. A working elevator provides FULL WHEELCHAIR ACCESSIBILITY, expanding potential clientele and use options. Air conditioning, onsite parking, and included equipment and improvements allow for immediate use with minimal startup costs. This property is WELL POSITIONED FOR AIRBNB or SHORT-TERM RENTAL operation, BOUTIQUE LODGING, HUNTING AND FISHING GROUPS, SEASONAL TOURISM, WORKFORCE HOUSING, or a live/work investment strategy. Elbow’s STRONG TOURISM BASE, including boating, fishing, golf, and fall hunting , creates year-round and seasonal demand for accommodation. Seller will consider vendor financing for a two-year term and may also consider a suitable trade, offering additional flexibility for investors. (id:65958)
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
5.69%
Cap rate
6.00%
GRM
11.4
Break-even rent
$2,073
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 Jun 3, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.