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373 2nd AVENUE SE
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Swift Current · Multi-family · under $1,425,000. Alerts only send when there are new or meaningfully updated matching homes.
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Introducing an exceptional investment opportunity: a 12-suite apartment building ideally positioned in a prime location with outstanding access to everyday amenities. This property sits directly across from a CO-OP grocery store and is just blocks from the local college, helping support a consistent pool of potential tenants. Residents will also enjoy scenic river walking paths and close proximity to multiple parks, including the newly developed all-inclusive park. Plus, it’s near the Chinook Golf Course, tennis courts, an outdoor swimming pool, and K–12 schools—adding strong appeal for families and long-term renters alike. The building offers 11 two-bedroom suites and 1 bachelor suite, with the two-bedroom layout being especially attractive for maximizing rental income. Exceptionally well maintained, the property has seen extensive upgrades, including a stair lift in the common area, substantially updated suites with modern flooring and renovated bathrooms. The common laundry room has been refreshed, along with fresh paint and additional improvements throughout. With well-maintained mechanical systems, this is an investment that offers both convenience and peace of mind. The building includes electrified parking stalls and is currently fully occupied, aside from one freshly vacated suite—providing immediate cash flow and a solid return potential. Major exterior updates have also been completed, including updated balconies, PVC windows, and a newer roof (approx 10 years ago). Don’t miss this opportunity to invest in a strong multifamily asset in a highly sought-after location. Reach out today to schedule a viewing and explore everything this property has to offer. (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
-0.74%
Cap rate
4.72%
GRM
13.9
Break-even rent
$7,968
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.