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44 Mayo STREET
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Lanigan · Single Family · under $800,000 · 8+ bed · 5+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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This listing includes a TRIPLEX and DUPLEX (5 UNITS), with an identical package also available across the alley for a full 10-unit investment.(MLS SK030891) 10 Doors Potential. 2 Properties. 1 Opportunity. This is the kind of investment that doesn’t come around often offering two income-generating packages, each consisting of a triplex and a duplex (5 units per package), with the option and strong preference to purchase both sides of the alley together for a full 10-unit portfolio. Each unit features a spacious 1,152 sq. ft. two-storey layout with 3 bedrooms and 2 bathrooms, making them highly desirable for long-term tenants. The properties are fully occupied with consistent demand, and vacancies are quickly filled thanks to an existing waitlist and steady inquiries. A major capital expense has already been taken care of with NEW SHINGLES completed in 2026. Located in the growing community of Lanigan, this investment is ideally positioned near major employment opportunities including Nutrien Potash Mine, the BHP Jansen Potash Mine, and Aspen Power Station. With so much growth and employment in the area, rental demand stays consistently strong, exactly what investors want to see for long-term stability. Built with solid concrete construction from the ground up, these properties offer durability and long-term peace of mind. Each unit is independently metered for utilities and each tenant pays their own utilities. Each unit is also equipped with in-suite laundry hookup located in the basement, Strong value has already been added, with 4 of the 5 units recently renovated, featuring new flooring, fresh paint, updated vanities, and countertops. The fifth unit has been partially renovated, presenting an opportunity to complete updates and further enhance rental income. Recent updates include new shingles completed in 2026, and each unit includes one powered parking stall. With strong tenant retention and proven rental performance, this is a turnkey multi-family investment. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 22.1 × 22.5 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen/Dining room | 20.3 × 10.1 feet | |
| Living room | 15.5 × 11.9 feet | |
| 2pc Bathroom | 3.11 × 4.11 feet | |
| Kitchen/Dining room | 20.3 × 10.1 feet | |
| 2pc Bathroom | 3.11 × 4.11 feet | |
| Kitchen/Dining room | 20.3 × 10.1 feet | |
| 2pc Bathroom | 3.11 × 4.11 feet |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11 × 9.11 feet | |
| Bedroom | 10.1 × 8.6 feet | |
| 4pc Bathroom | 4.11 × 6.11 feet | |
| Primary Bedroom | 10.4 × 13.1 feet | |
| Bedroom | 11 × 9.11 feet | |
| Bedroom | 10.1 × 8.6 feet | |
| 4pc Bathroom | 4.11 × 6.11 feet | |
| Primary Bedroom | 10.4 × 13.1 feet | |
| Bedroom | 11 × 9.11 feet | |
| Bedroom | 10.1 × 8.6 feet | |
| 4pc Bathroom | 4.11 × 6.11 feet |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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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
-6.68%
Cap rate
3.53%
GRM
16.6
Break-even rent
$4,566
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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 25, 2026.
| Primary Bedroom | 10.4 × 13.1 feet |
Location of this listing. Distances are straight-line.
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Buyer-fit signals
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