We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
633/635 3rd STREET NE
Buyer alert automation
Get matching homes sent on your schedule. This uses this home's city, style, bedroom count, and price band as the starting filter.
Choose alert settings, then sign in
Wadena · Single Family · under $275,000 · 5+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
Alert speed
Send by
Watch for
Swipe through similar matches — tap the heart to save, or open one for the full read.
Fully renovated side-by-side duplex offering clean, turnkey rental potential in Wadena. This 1,179 sq. ft. property features two spacious 3-bedroom, 1-bathroom units, totaling 6 bedrooms and 4 bathrooms across both sides. Each unit is well suited for families or long-term tenants seeking functional layouts and modern finishes. Interior upgrades include updated kitchens, new appliances, hardwood and tile flooring, tile showers, and modernized living spaces. Both sides are equipped with new furnaces, along with new fridge, stove, washer, and dryer, supporting efficient operation and reduced capital expenditure in the near term. The property is currently vacant, allowing investors to immediately set market rents. Comparable market rents support approximately $1,600 per side plus utilities, offering strong income potential once leased. The seller prefers to sell this duplex as part of a portfolio package with 89 Horkoff Street and 245 3rd Street, creating an opportunity to acquire multiple renovated income properties in one transaction. Well suited for investors seeking immediate lease-up flexibility, strong rental demand, and long-term value through modernized construction and efficient unit layouts. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 8 × 14 feet | |
| Bedroom | 8 × 11 feet | |
| Bedroom | 8 × 10 feet | |
| 4pc Bathroom | x x x | |
| 4pc Bathroom | x x x | |
| Bedroom | 8 × 14 feet | |
| Bedroom | 8 × 11 feet | |
| Bedroom | 8 × 10 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.1 × 13.1 feet | |
| Kitchen | 6 × 7 feet | |
| Dining room | 10 × 10 feet | |
| 2pc Bathroom | x x x | |
| Laundry room | x x x | |
| Living room | 13.1 × 13.1 feet | |
| Kitchen | 6 × 7 feet | |
| Dining room | 10 × 10 feet | |
| 2pc Bathroom | x x x | |
| Laundry room | x x x |
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
41.80%
Cap rate
13.23%
GRM
6.1
Break-even rent
$1,540
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 Mar 5, 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.