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65 3rd AVENUE
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Lumsden · Retail · under $550,000. Alerts only send when there are new or meaningfully updated matching homes.
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Exceptional opportunity to own a modern commercial building in the thriving community of Lumsden, Saskatchewan. Constructed in 2019, this well-built and meticulously maintained property offers an outstanding investment or owner-occupier opportunity in one of the valley's most desirable and growing communities. The building is thoughtfully designed with two separate commercial units. One side is currently leased, providing immediate rental income, while the other side is vacant and ready for a new owner or tenant to customize for their specific business needs. Whether you're looking to establish your own retail storefront, professional office, medical or wellness clinic, service-based business, or expand your investment portfolio, this versatile space offers endless possibilities. From the moment you arrive, the quality of construction and pride of ownership are evident throughout. The modern exterior, functional layout, and newer construction mean buyers can enjoy the benefits of a contemporary commercial building with minimal maintenance for years to come. Ideally situated in the heart of Lumsden, the property enjoys excellent visibility and convenient access to the town's shops, restaurants, services, and growing residential neighbourhoods. Lumsden continues to attract families, professionals, and visitors alike, making it an ideal location for businesses looking to serve both the local community and the surrounding valley. Commercial opportunities of this calibre are rarely available in Lumsden. Whether you're searching for an income-producing investment, a place to operate your own business, or a combination of both, this property offers exceptional flexibility and long-term potential. Don't miss your chance to own a quality commercial building in one of Saskatchewan's most sought-after small-town markets. Contact your REALTOR® today for more information or to arrange your private viewing. (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
-7.03%
Cap rate
3.46%
GRM
16.7
Break-even rent
$3,117
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 Jul 1, 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.