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211 2nd AVENUE NE
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Swift Current · Multi-family · under $525,000. Alerts only send when there are new or meaningfully updated matching homes.
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Park Manor is a prime multifamily investment opportunity in the heart of downtown Swift Current at 211 2nd Ave SE. This desirable 8-unit complex offers strong, consistent revenue with many long-term tenants, plus a location that’s hard to beat—steps to downtown amenities, close to the overpass for quick access to the south end of the city, and just blocks from the river and walking paths. Great Plains College is also nearby. Curb appeal is excellent, with a mature setting and eight electrified parking stalls, conveniently assigned to the tenant suites. The exterior is designed for low-maintenance ownership, featuring an updated metal roof, some newer windows, and surrounding green space that is predominantly maintained by the City. Inside, the building is comprised of bright, open-concept one-bedroom suites, each with its own private exterior entrance, a four-piece bathroom, and a covered deck/patio space. Several suites have seen improvements including new paint and flooring, and two suites have been recently updated. Common areas on both levels include individual storage lockers and shared laundry. Notable mechanical and plumbing updates provide added peace of mind, including many plumbing upgrades throughout (new toilets, faucets, sinks, and replaced traps), copper water lines, a main water shut-off replaced in 2024, and a water heater replaced in 2022. The boiler is inspected every summer and serviced every fall, with a pump replaced in 2024, most zone valves replaced, and thermostats replaced in 2025 (TSASK operating license available). Message for more information or to schedule your private viewing. (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
-1.36%
Cap rate
4.59%
GRM
13.9
Break-even rent
$2,989
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.
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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 30, 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.