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322 James STREET
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Esterhazy · Multi-family · under $2,075,000. Alerts only send when there are new or meaningfully updated matching homes.
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Prime Multi-Family Investment Opportunity – Esterhazy Potash Hub!!! Excellent opportunity for an investor or investment group to expand their portfolio with a multi-family asset located in South East Saskatchewan. This investment package consists of six multi-unit buildings totaling 28 rental suites, offering a balanced mix of unit sizes and construction years. The portfolio includes a two-storey 8-plex built in 2012 featuring eight two-bedroom units, a single-level 4-plex built in 2012 with four two-bedroom units, and four additional 4-plex buildings constructed in 1988 comprising sixteen one-bedroom units. The 2012-built buildings feature modern layouts, finishings, individual natural gas furnaces and water heaters, and 4-piece bathrooms, with the majority of suites offering fridge, stove, dishwasher, and in-suite washer and dryer, making them highly desirable for long-term tenants. The one-bedroom suites built in 1988 are also equipped with natural gas heating, with most units offering in-suite furnaces, water heaters, fridge, stove, and in-suite laundry hookups, providing added convenience and operational efficiency. This diversified unit mix, combined with an established and proven rental location, makes this property a strong cash-flowing investment with long-term upside potential. Important Note: All buyers submitting an offer must include a Schedule B with the Offer to Purchase outlining offer terms and possession requirements. Properties are currently vacant. (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
-0.59%
Cap rate
4.75%
GRM
13.9
Break-even rent
$11,699
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 Feb 23, 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.