435 5th Avenue

Burns Lake - Town Burns Lake V0J 1E0

Turnkey Multi-Family Investment Opportunity in Burns Lake The demand for rental housing in Burns Lake is climbing, and this 1.39-acre property is ready to deliver. The site features two buildings: one newly constructed in 2024 with four units (each 2 bedrooms, 2 full baths) and an older building with recent renovations that also offers four units (each 2 bedrooms, 1 bath). Every suite comes with its own laundry for added tenant appeal. The property is fully tenanted with one-year renewable leases and a reliable tenant base. Current rents total $11,000 per month, or $132,000 annually, with tenants covering their own utilities. The lot has already been cleared for further development, and according to the seller, town planners have indicated the potential for up to 32 units, with strong feasibility for 20 (buyer to verify). The paved parking lot is an added bonus for durability and curb appeal. This is a rare chance to secure a strong income property with both immediate returns and long-term development potential. The cash flow is steady, the tenants are great, and as any landlord will tell you, finding a property like this is almost as rare as tenants who pay rent early.