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Location
Key Details
$349,900.00
4 Baths
Attached
Bi-level
1,664 SQ.FT
1966
Milestone
Description
Investor Alert – Income Property in the Heart of Milestone! Welcome to 220 Queen Street, a well-maintained bi-level 4-plex offering a fantastic opportunity for investors or homeowners seeking rental income. This property features two upper-level 2-bedroom units and two lower-level 1-bedroom suites, with strong current rental demand. The upper units are each generating $1,050/month, while the basement suites bring in $900/month—a great revenue stream for the right buyer. Tenants pay their own power bills, and the building operates on a highly efficient hot water heating system, with a new boiler installed in 2023. Additional upgrades include PVC windows for improved energy efficiency and shingles replaced in 2018, helping to minimize long-term maintenance. Situated on a well-sized lot, this property offers five rear parking stalls, underground sprinklers to simplify lawn care, and a shared patio space for tenant enjoyment. There's even a storage shed on-site for extra convenience. Inside, residents benefit from shared basement laundry, complete with newer washer and dryer units, which are included in the rent. Operating costs for 2024 have remained reasonable, with power averaging $88/month, energy at $120/month, garbage at $80/month, and water billed quarterly at $315—keeping landlord expenses predictable and manageable. Located just 30 minutes from Regina and within commuting distance of Weyburn, Milestone offers the best of small-town living with easy access to city amenities. Residents enjoy K–12 schooling, an outdoor pool, grocery store, restaurant, meat market, and essential services like RCMP, fire, and ambulance. The community is known for its safety and supportive local businesses. With numerous updates, steady rental income, and a location that continues to attract tenants, 220 Queen Street is a turnkey investment worth exploring!
Listing courtesy of Jc Realty Regina
More Info
City: Milestone
Square Footage: 1664
Year Built: 1966
Style: Bi-level
Type: Fourplex (all 4 Units)
Roof: Asphalt Shingles
Outdoor: Lawn Front, Other, Patio
Exterior: Siding
Heating: Baseboard, Hot Water
Features Interior: Air Conditioner (wall),underground Sprinkler
Appliances: Fridge,stove,washer,dryer,shed(s)
Land Size: 8875.00
Total Acres: 0.2037
Water Heater: Included
Water Softener: Not Included
Listed By: Jc Realty Regina