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527 6th STREET
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Humboldt · Multi-family · under $75,000. Alerts only send when there are new or meaningfully updated matching homes.
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Investor / Development Opportunity – Downtown Humboldt Attention builders, investors, and developers — this is a rare opportunity to acquire an ideally located R3-zoned property in the heart of Humboldt with exceptional redevelopment potential. This 50’ x 131’ lot offers a highly functional layout with the unique advantage of alley access along the side AND rear of the property, creating excellent flexibility for future site planning, parking access, garage placement, or multifamily development design. Why This Property Stands Out • R3 Zoning — strong potential for multifamily residential redevelopment • Prime downtown location close to amenities and services • Dual alley access is extremely rare and highly practical for development • Flat rectangular lot with efficient dimensions • Excellent opportunity for: o Duplex o Fourplex o Row-style housing o Revenue property development Opportunities for affordably priced multifamily-zoned lots in established downtown locations are becoming increasingly difficult to find. For the right buyer with vision, this property offers a chance to create new housing inventory in a growing Saskatchewan community with record high demand. Disclosure: The existing structure on the property has been vacant for many years and is likely economically beyond repair. The property is being sold AS-IS for land value and redevelopment potential only. Buyers should expect the existing building to require demolition. Discussion with the city has deferred demolition order to allow an opportunity for sale and redevelopment plan. Buyer to perform their own due diligence regarding zoning, permitted uses, demolition requirements, servicing, and redevelopment plans. (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
168.82%
Cap rate
38.63%
GRM
2.3
Break-even rent
$478
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 May 20, 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.