Parkland Meadows 615 2 nd Ave 12 Unit Apartment Building $2,300,000 CAD ($191,667 CAD/Unit) Shellbrook, SK S0J 2E0

Parkland Meadows Apartments, located at 615 2nd Avenue, presents a rare opportunity to acquire a modern three-story multifamily asset in the heart of Shellbrook. Built in 2017, this 12-unit multifamily offers spacious units equipped with balconies, vaulted ceilings, ensuite washers and dryers, dishwashers, covered garages, and elevator access for added convenience. The asset enjoys 100% occupancy, underscoring strong demand. With rents above market value and a lack of available rental housing in the area, Parkland Meadows is uniquely positioned to provide investors with reliable cash flow and steady appreciation.

Strategically located right off Highway 3, Parkland Meadows benefits from being adjacent to the Parkland Integrated Health Centre and Shellbrook Primary Health Care Clinic, both major employers fueling local housing demand. The multifamily asset serves a robust trading area of approximately 10,000 people, creating a built-in tenant base anchored by health care professionals and residents seeking quality rental options. Residents enjoy a tight-knit community with a variety of amenities, including Bigway Foods, a local bakery, a pharmacy, a strong school system, beauty salons, and cultural venues such as the Shellbrook Theatre.

Shellbrook is a welcoming and resilient community with a strong market foundation driven by steady employment, healthcare services, and supportive local amenities. The town continues to see housing demand outpace supply, creating an environment where well-maintained multifamily properties like Parkland Meadows command premium rents and full occupancy.