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New property listed in East Industrial, Estevan

I have listed a new property at 422 Mississippian DR in Estevan. See details here

Situated on approximately 1.91 acres, this 26,340 sq.ft. industrial property offers excellent access to Highway 18 and the Estevan Bypass via Kensington Avenue, making it ideal for manufacturing, oilfield service, fabrication, transportation, warehousing, or heavy industrial operations. Constructed in 1996 with additions and renovations completed over the years, the property features steel frame construction with reinforced concrete slab and frost wall foundation, metal panel exterior siding, standing seam metal roofing, and aluminum/PVC windows. The site offers paved parking and access areas with additional compacted gravel yard space and basic landscaping. The building offers a functional front office and reception area with expansive rear warehouse/shop space constructed in stages. Warehouse clear heights range from approximately 16 feet in the original section, approximately 26 feet in the middle bays, and approximately 30 feet in the newest addition. The property includes dual level office space, locker rooms, wash bay capabilities, mechanical pits, sump drains, air/heat exchanger systems, and extensive industrial infrastructure throughout. The facility is equipped with 10 grade loading doors and multiple overhead cranes including two 5-ton cranes, one 7.5-ton crane, and one 2-ton crane. Additional features include 600 amp electrical service, suspended forced air furnaces servicing the warehouse areas, air conditioning in the office areas, vinyl tile flooring in office areas, exposed concrete warehouse flooring, painted gypsum and suspended acoustic tile office ceilings, and a combination of LED, metal halide and fluorescent lighting. The property is fully serviced, with the original building utilizing septic while newer additions are connected to city services. Zoned M2, this property is suited for a wide range of industrial users requiring substantial shop space, crane capacity, office infrastructure, yard storage, and excellent regional access.

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New property listed in Macoun

I have listed a new property at 560 Tallman ST in Macoun. See details here

Located just 15 minutes from Estevan, this well-maintained 1,008 sq ft home sits in the welcoming village of Macoun—a great community offering a quieter pace of life without sacrificing everyday essentials. Macoun features a local school, convenience store, and strong sense of community, making it an ideal place for families, first-time buyers, or those looking to escape the hustle of the city. The main floor offers a functional U-shaped kitchen with updated countertops and stained cabinetry, a spacious living room with laminate flooring, sizeable bedrooms, a full 4-piece bathroom, and the convenience of main floor laundry. The basement provides additional living space with a large recreation area, 2-piece bathroom, and a versatile den—perfect for a home office, gym, or guest room. Additional highlights include a large, fully insulated attached garage, updated furnace and shingles, and an oversized corner lot complete with a dog run—ideal for pet owners and outdoor enjoyment. Enjoy affordable, small-town living with everything you need close by, all just a short drive to Estevan.

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New property listed in Westview EV, Estevan

I have listed a new property at 1805 3rd ST in Estevan. See details here

Investor Alert – Four Self-Contained Suites with Exceptional Revenue! This is the kind of property investors wait for. Purposefully configured with four fully self-contained, separately metered (gas/power) suites, this income-producing asset offers immediate cash flow and long-term upside. Whether you’re expanding your portfolio or looking for a smart owner-occupied mortgage helper, this opportunity checks every box. The property features two spacious townhouse-style units (Unit A & Unit B). Each main floor offers a functional open-concept design with a bright kitchen complete with laminate countertops, centre work/eat-at island, and a generous living and dining area ideal for modern tenants. A convenient two-piece bathroom completes the main level. Upstairs, each townhouse includes three well-appointed bedrooms, including a primary suite with a private three-piece ensuite and walk-in closet, plus an additional four-piece bathroom serving the secondary bedrooms. The layouts are practical, attractive, and highly rentable. The lower level adds even more value with two additional one-bedroom suites, each fully self-contained and thoughtfully laid out with a kitchen, living/dining area, spacious bedroom, walk-in closet, and private ensuite. These basement suites create significant supplemental income potential, making this property an ideal mortgage offset strategy for owner-occupiers or a strong yield performer for investors. With a proven rent roll and respectful, responsible tenants already in place, this property delivers strong, reliable revenue from day one. Opportunities offering four income streams under one roof are rare — secure a cash-flowing asset that works for you from the moment you take possession.

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New property listed in Central EV, Estevan

I have listed a new property at 1138 1st ST in Estevan. See details here

Exceptional oversized corner lot located in Estevan’s desirable central neighbourhood directly across from Churchill Park, offering direct access to walking paths, outdoor swimming pool, playground, ball diamonds, and beautiful sunset views. Zoned R3 – Residential Medium Density, this property provides outstanding flexibility for both investors and those looking to build a forever home with income potential. Permitted uses (P) within the R3 District include accessory buildings or uses, active adult living, row housing, fourplex dwellings, parks, and home-based businesses. Discretionary uses (D), subject to City approval, include apartment buildings, duplex dwellings, semi-detached dwellings, triplex dwellings, single detached homes, secondary suites, supportive living, group homes, day cares and home day cares, bed and breakfast operations, private clubs, places of worship, communication towers, show home sales and service, and surveillance suites. The generous lot size exceeds typical minimum requirements and offers potential for a walk-out basement design, creating additional development flexibility and suite potential. A garage is already situated on the property, providing immediate utility and added value. Opportunities combining prime park-side location, medium-density zoning flexibility, and strong long-term development upside are rare in this established neighbourhood. Build a multi-unit revenue property, develop active adult housing, or design a custom home with income support — the zoning supports it.

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New property listed in Estevan Rm No. 5

I have listed a new property at n/a Rural Address in Estevan Rm No. 5. See details here

Prime 20-acre commercial/industrial site with exceptional highway frontage along Highway 18, just minutes east of Estevan. This high-visibility property offers outstanding exposure and accessibility for a wide range of business operations. The site is partially fenced and fully serviced with power, natural gas, and an existing well on the property. Three-phase power is available at the pole near the property, providing strong utility capacity for industrial or commercial users. The property includes a substantial 23,200 sq. ft. shop/outbuilding previously utilized as a riding arena and now operating as a revenue-producing storage facility. Improvements include a 36’ x 200’ lower-roof section and an 80’ x 200’ main structure, offering significant clear-span space and versatility for storage, fabrication, warehousing, equipment sales, contractor operations, or redevelopment. Currently generating income, this property provides both immediate cash flow and long-term development upside. The expansive yard area offers ample room for expansion, equipment storage, laydown yard use, or additional structures. With strong highway exposure, servicing in place, and potential acreage rezoning subject to approval by RM of Estevan No. 5 Council, this is a rare opportunity to secure a strategic commercial/industrial asset in a high-traffic corridor. Position your business for visibility, scalability, and long-term growth.

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New property listed in Estevan

I have listed a new property at 1318 3rd ST in Estevan. See details here

Step into opportunity with this beautifully updated retail/office space located in a recently renovated complex. The unit boasts a bright and spacious open-concept layout, perfect for creating a welcoming reception, showroom, or flexible work area, along with a private enclosed office for consultations or administration. With plumbing already in place, this location is ideally suited for aesthetics, hairdressing, or other wellness-focused services. The complex is home to three thriving tenants—hearing services, aesthetics, and massage—drawing consistent foot traffic and offering excellent synergy for complementary businesses. Whether you’re looking to establish a personal wellness practice, launch a counselling or therapy office, or set up a bookkeeping and accounting service, this versatile space provides the foundation you need to succeed. Modern updates, strong visibility, and immediate availability make this an exceptional leasing opportunity. Don’t miss your chance to secure a space in one of the area’s most attractive professional complexes.

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New property listed in Estevan Rm No. 5

I have listed a new property at SE-03-02-09-Ext2 Rural Address in Estevan Rm No. 5. See details here

This 143.92-acre parcel offers an excellent opportunity for farming, investment, or expansion of an existing operation. Historically used for grain production, the land was seeded to grass in 2011 and has since been maintained under seasonal leases. Its flexibility provides the option for continued forage production, conversion back to grain, or recreational/agricultural use. The land is currently leased on a season-by-season basis, providing income potential for the purchaser while maintaining future development or agricultural options. This parcel can also be purchased in addition to MLS® SK016022, which features an executive walk-out bungalow on 15 landscaped acres with an outdoor riding arena—together offering the perfect combination of prairie luxury living and highly productive farmland. Whether you’re an investor, a producer, or looking to pair acreage living with income-generating farmland, this property presents a rare and valuable opportunity in the Estevan area.

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New property listed in Estevan Rm No. 5

I have listed a new property at Estevan Rm No. 5. See details here

Set against the beauty of the open prairie, this executive 2,049 sq. ft. bungalow offers a rare blend of luxury and acreage living on 15 professionally landscaped acres. From the moment you step into the foyer and dining room with their striking copper-ceiling accents, you’ll notice the thoughtful details that set this home apart. The main living area is anchored by a spacious living room with a built-in gas fireplace and expansive windows capturing prairie sunsets. Just steps away, the gourmet kitchen shines with quartz countertops, high-end appliances, a centre eat-at/work island, and a bar area—perfect for everyday living and entertaining alike. The primary suite is a true retreat, featuring tray ceilings, a large walk-in closet, and a spa-inspired ensuite with a jetted corner tub, separate shower, and quartz vanity. Two additional bedrooms, a full 4-piece bath, a laundry room, and a convenient 2-piece bath off the back entry complete the main floor. High-end floor coverings flow throughout, paired with an in-ceiling speaker system and direct access to the triple heated garage with 13’ ceilings. Downstairs, the walkout basement extends your living space with a large recreation room, dedicated workout area with rubber flooring, two additional bedrooms, and premium flooring choices. Step out to the covered stamped-concrete patio with hot tub, or enjoy the upper composite deck with aluminum railing, stucco columns, pot lights, and outdoor audio, the perfect place to unwind and take in the views. Outdoors, the property has been meticulously planned with a stamped-concrete fire pit area, retaining wall, underground irrigation, lush lawn, and mature trees. The home itself is finished with a durable vinyl-and-stone exterior and rubber shingles. For equestrian enthusiasts, there’s also an electrified riding arena, corrals, and shelters. For those seeking more, an additional 143.92 acres is available—currently producing hay revenue MLS SK016055.

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Local Residential Appraisal Services Now Available in Estevan & Southeast Saskatchewan

Looking for trusted residential appraisal services in Estevan and Southeast Saskatchewan? I’m Joshua LeBlanc, a Candidate Member with the Appraisal Institute of Canada (AIC), proudly working under Reynolds Real Estate Appraisals, a well-respected appraisal firm in the region. I am actively working towards completing my CRA (Canadian Residential Appraiser) designation, and I am now offering professional, reliable, and timely local appraisal services to homeowners, lenders, lawyers, and real estate professionals.

My services include:

  • Residential appraisals for buying and selling

  • Mortgage financing and refinancing appraisals

  • New construction and renovation appraisals

With deep knowledge of the Estevan real estate market and surrounding communities in Southeast Saskatchewan, I provide accurate, defensible reports that meet industry and lender standards. Whether you’re located in Estevan, Weyburn, Midale, Bienfait, Oxbow, Carlyle, Carnduff, Lampman, Arcola, Alameda, Moosomin, Wawota, Wapella, Redvers, Kenosee Lake, Kipling, Stoughton, Rocanville, Midale, Macoun, Hitchcock, Torquay, Lampman, Moose Mountain Provincial Park, or the surrounding rural municipalities, and communities I am here to help you make informed real estate decisions.

  • Local expertise

  • Fast turnaround times

  • Professional, unbiased valuations

Contact me, Joshua LeBlanc at Reynolds Real Estate Appraisals today to schedule your residential appraisal in Estevan and area.

Phone: 306.421.6872

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Market Update - February 2025

Estevan Real Estate Market Update – February 2025

As we move through 2025, the Estevan real estate market continues to present both challenges and opportunities for buyers and sellers alike. Understanding key market trends is essential for making informed decisions, whether you're looking to invest, sell, or purchase a home.

Market Overview

The total residential benchmark price in Estevan for February 2025 is $206,700, reflecting a 2.3% year-over-year (Y/Y) decrease. This price adjustment suggests a stabilization in the market following prior fluctuations.

Key Metrics at a Glance:

  • Sales: 11 transactions, a 10% increase compared to February 2024.

  • New Listings: 17 properties were listed, marking a 26% decrease year-over-year.

  • Inventory Levels: 44 available properties, showing a 41% drop compared to the previous year.

  • Months of Supply: Holding at 4.0 months, indicating a balanced market where supply meets demand.

  • Days on Market (DOM): Homes are selling in 57 days on average, showing improved turnover rates.

A Look at Different Property Types

Detached homes continue to dominate Estevan’s real estate landscape, with an average price of $224,800. However, apartments and multi-family properties have seen some variability, highlighting shifts in affordability and demand.

The most active price range remains between $200,000 and $300,000, where the majority of sales occur, aligning with buyer affordability and financing options.

Year-to-Date (YTD) Trends

When comparing year-to-date figures, Estevan has seen a 38% increase in total residential sales. Despite fewer new listings, strong demand keeps the market competitive, leading to quicker sales and fewer homes sitting on the market for extended periods.

What This Means for Buyers and Sellers

For sellers, declining inventory levels can work to your advantage, as fewer available properties increase competition among buyers. Well-priced homes in desirable neighborhoods are seeing faster sales.

For buyers, while home prices remain relatively stable, fewer listings mean acting quickly on desirable properties is crucial. Additionally, securing favorable financing in today’s interest rate environment is a key factor in making a successful purchase.

Looking Ahead

The Estevan real estate market remains resilient, with steady sales activity and manageable inventory levels. Whether you're considering listing your home or entering the market as a buyer, working with a knowledgeable real estate professional can help navigate these changing conditions.

For more insights on Estevan’s housing market, contact Joshua LeBlanc, a trusted expert in Estevan Real Estate. Stay tuned for next month’s update!

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5 Simple Steps to Boost Your Financial Health in 2025

Whether you're a first-time homebuyer or someone already paying down a mortgage, staying on top of your finances is crucial.

With tax season and RRSP deadlines approaching, now is the perfect time to assess your financial health and make any necessary improvements.

Reviewing your finances can lead to a number of positive changes, whether it’s a small adjustment to boost your credit score or a larger step like refinancing your mortgage to eliminate high-interest debt once and for all. Given the financial strain many people face, improving your financial health has never been more important.

Mortgage Professionals Canada’s latest consumer survey shows rising anxiety about household finances, with 63% of respondents expressing concern—up from 53% at the end of 2023. This growing stress, linked to high interest rates and the elevated cost of living, is especially pronounced among non-owners, with 71% of them worried about their financial situation.

Tips to improve your financial health

If you're looking to improve your financial situation, here are a few practical tips to help you get started:

1. Build an emergency fund: Emergencies happen when you least expect them—whether it's an unexpected medical bill or a home or car repair. Having an emergency fund set aside ensures that you won't need to rely on debt to cover these costs. Start small, and over time, these savings will grow, providing you with peace of mind when life throws you a curveball.

2. Automate your savings: Paying off debt is important, but saving for the future is equally crucial. One easy way to do this is by automating your savings. Set up a regular withdrawal from your account that aligns with your pay schedule, sending a fixed amount to your RRSP or Tax-Free Savings Account (TFSA). Even small contributions can add up over time, helping you build long-term wealth.

3. Know your credit score: Your credit score plays a huge role in your financial health. The better your credit score, the more likely you are to secure lower interest rates on loans and credit cards. It's important to monitor your credit score regularly to understand what may be holding it back. Services from TransUnion and Equifax Canada can alert you to any changes in your score and help you identify factors that need attention.

4. Tackle high-interest debt: High-interest debt—like credit card balances with rates up to 29%—can seriously hinder your financial progress. Prioritizing these debts is essential to your overall financial health. If you’re feeling overwhelmed by high-interest debt, consolidating it into a lower-interest loan or refinancing your mortgage may help reduce your payments. It's worth speaking to a professional to explore all options.

5. Consult a mortgage broker or financial professional: Improving your financial health can feel like a daunting task, but you don’t have to go it alone. A mortgage broker can help guide you through the refinancing process and also connect you with a financial advisor if you need additional support. A mortgage broker’s expertise can be a great starting point for understanding your options, whether you're tackling debt or considering mortgage refinancing.

Improving your financial health is a journey, and the first step is always the hardest. But with the right strategies and professional guidance, you can build a stronger financial future. If you're unsure where to start or need assistance with refinancing or debt management, feel free to reach out to a professional for support.

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Bank of Canada Cuts Policy Rate Again: What This Means for Your Mortgage and Loans

Today, the Bank of Canada reduced its policy rate by 50 basis points (0.50%), bringing it down to 3.25%. This marks the fifth rate cut this year, paving the way for lower borrowing costs for Canadians. Lenders are expected to respond by reducing their prime rates, with most forecasted to drop to 5.45%, while TD Bank’s mortgage prime rate may fall to 5.60%.

For the full details, check the official Bank of Canada statement here.

What Does This Mean for You?

1. Variable-Rate Mortgages

  • Lower Interest Costs: With the anticipated drop in prime rates, you’ll soon see reduced interest charges.

  • Fixed Payments: If you have fixed payments, more of each payment will go toward reducing your mortgage principal.

  • Adjustable Payments: If your payments fluctuate with the prime rate, you can expect a lower monthly payment. For example, a $100,000 mortgage loan may see a reduction of $28/month (based on a 25-year amortization).

2. Fixed-Rate Mortgages

  • No immediate changes. Your payments remain the same since your rate is locked.

3. Loans Tied to the Prime Rate

  • Personal loans and lines of credit will also benefit from lower interest rates, saving you money on interest charges.

Looking Ahead

The Bank of Canada’s next rate decision is scheduled for January 29, 2025. The economic data leading up to this decision will determine whether another rate cut is on the horizon.

This latest cut offers a unique opportunity for homeowners and borrowers to reassess their financial strategies.

How Can I Help You?

As an award winning real estate professional and mortgage associate, I’m here to guide you through these changes. Whether you’re looking to refinance, renew your mortgage, or understand how this impacts your financial plan, I’m just a call away.

Let’s chat about how you can make the most of today’s lower rates. Reach out anytime—I’d love to help!

About Joshua LeBlanc

With over a decade of experience, Joshua LeBlanc is a trusted mortgage associate and real estate expert based in Estevan, Saskatchewan. As an award-winning top producer, Joshua has helped countless clients navigate the complexities of mortgages and real estate investments.

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