Multi-Family and Apartment Buildings for Sale in Saskatchewan

Buying a multi-family property in Saskatchewan

Multi-family covers everything from a duplex or fourplex to a large apartment building or a portfolio of several buildings. You will find them for sale in Saskatoon and Regina, and in smaller centres such as Prince Albert, Moose Jaw and Yorkton.

Before you make an offer, check 4 things:

• The income. Ask for the current rent roll, the leases and 2 to 3 years of operating statements, then compare the rents with the market.
• The building. Look at the roof, boilers, windows and suites, and order a building condition assessment. Your lender may also ask for an environmental report and an appraisal.
• The suites. Confirm with the municipality that every suite is legal.
• The financing. CMHC-insured financing, including MLI Select, can change what a building is worth to you, so speak with a lender early.

Scott helps buyers through each step and can introduce appraisers, building condition and environmental consultants, lenders and property managers. For more detail, read Buying an Apartment Building in Saskatoon: What to Check Before You Make an Offer and CMHC MLI Select in Saskatchewan.

Selling a multi-family building

Thinking of selling? See Sell Your Building, or ask for a free valuation on What's My Building Worth.

Frequently asked questions

Where can I find apartment buildings for sale in Saskatoon?

The listings on this page show multi-family properties currently on the MLS®. Many buildings never reach the MLS®, so call Scott at 306-202-7791 to ask what is available off-market.

How much do I need to put down on an apartment building?

It depends on the lender, the building and the program. With CMHC MLI Select, which covers rental buildings with 5 or more units, financing of up to 95% is possible when a building earns enough points. Scott can connect you with lenders who handle multi-family files.

Can I buy a multi-family property in Saskatchewan from another province?

Yes. Scott works with out-of-province investors and can line up viewings, inspections and local property management. If you live outside Canada, ask a lawyer about the federal rules on buying residential property first.

Does Scott only work with multi-family buildings?

No. Scott also helps clients buy and sell homes, commercial property and land in Saskatoon and across Saskatchewan.