321 Yellowhead Hwy

Strategically positioned along Highway 16, directly opposite well-known hotels, the building offers easy access and high visibility. Priced attractively at $1.4 million with an impressive 8% capitalization rate, this property presents a lucrative return on investment. The month-to-month leases provide flexibility, allowing potential buyers to adjust rental income in line with Burns Lake’s thriving commercial environment. Featuring 11 rental units—2 residential and 9 commercial—all fully occupied by stable tenants, this building is a testament to the high demand in the area. Renovated extensively the property boasts modern vinyl flooring (with two units retaining cozy carpeting), updated windows, upgraded electrical systems, and enhanced amenities such as new bathrooms, a furnace, and exterior doors. The addition of rental units and a retaining wall further enhances its appeal. Additionally, the property comes with the advantage of an assumable low-interest rate mortgage.