1304/1308/1312 Main Street, Saskatoon, Saskatchewan

About 1304/1308/1312 Main Street

LAND ASSEMBLY FOR MULTI-FAMILY INFILL DEVELOPMENT Rare opportunity to acquire a three-property land assembly at 1304, 1308 & 1312 Main Street, Saskatoon, offering approximately 21,840 SF of combined land area and 156 feet of Main Street frontage. The assembled site presents an exceptional opportunity for multi-family infill residential development within an established Saskatoon neighbourhood. The properties are located within the 8th Street Corridor Residential area, providing potential for multi-unit residential development with an allowable building height of up to 4 storeys (15 metres). All three properties include fully leased, quality existing rental homes. The homes have benefited from recent upgrades and improvements and provide established, desirable rental accommodation. The properties currently generate approximately $90,600 in gross annual rental revenue, providing strong holding income while the purchaser plans and pursues future development of the assembled site. The substantial 156 feet of Main Street frontage and approximately 21,840 SF of combined land area provide flexibility for a variety of multi-family development concepts. This offering provides the unique opportunity to acquire a well-maintained, income-producing residential asset with six existing rental tenancies and significant future development potential. A quality opportunity for multi-family developers, investors and long-term land bankers seeking an income-producing property with redevelopment upside in an established Saskatoon location. (id:6289)

More Info on this Varsity View MLS® listing

1304/1308/1312 Main Street is a listing for sale in Saskatoon. The MLS® number is SK050259. It's currently listed for $1,965,600. For more details on MLS® SK050259, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in Varsity View is available now!

Selling your Varsity View property?

Have a similar home to 1304/1308/1312 Main Street? If you’re thinking about selling your Varsity View property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Saskatoon property.

Listing Map