UPDATED:
Key Details
Property Type Multi-Family
Sub Type Residential
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Caswell Hill
MLS Listing ID SK048089
HOA Y/N No
Year Built 1975
Annual Tax Amount $6,775
Tax Year 2026
Lot Size 6,242 Sqft
Acres 0.1433
Lot Dimensions 49.93x125
Property Sub-Type Residential
Property Description
A rare opportunity. Fully tenanted six-suite building. Minutes from downtown and major transit routes.
The city's planning department has already initiated the groundwork for corridor mixed-use redevelopment in this area, with the process now in the neighborhood approval stage.
Property Highlights:
* 2,625 sq.ft. above grade, offering generously sized suites throughout
* 4 two-bedroom suites (~850 sq.ft. each) and 2 one-bedroom suites (~780 sq.ft. each) — 3 units above ground, 3 below but with extra large windows,
* Suites fully self-contained each with a private entrance and in-suite laundry
* Strong tenant retention history.
* Professional management in place with option to keep.
Redevelopment Potential:
* Located along a corridor identified by the City for mixed-use redevelopment
* Planning groundwork already underway, currently progressing through the neighbourhood approval stage
* Offers investors both steady current income and long-term upside as the corridor evolves
Recent Capital Improvements:
* Eavestroughs, soffit, fascia, and leaf guards replaced (2022)
* Roof shingles replaced (2019)
* Triple-pane windows throughout for energy efficiency and noise reduction
* Several suites updated with newer flooring and fresh paint
* Majority of laundry equipment recently replaced.
Utility Structure:
* Individual electric baseboard heat and electric hot water tanks per suite
* Tenants responsible for electricity, phone, cable, and internet
* Owner responsible only for water and sewer.
Location
Province SK
Community Public Transportation
Area Saskatoon
Interior
Heating Electric
Flooring Wood
Fireplace No
Appliance Dryer, Refrigerator, Stove, Washer
Exterior
Community Features Public Transportation
Total Parking Spaces 6
Building
Lot Description Front Yard, Sprinklers None
Dwelling Type Low Rise,Multi Family
Others
Pets Allowed No
Ownership Freehold
Security Features Smoke Detector(s)
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