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1 Stanley Place in Saskatoon: Kelsey/Woodlawn Commercial for sale : MLS®# SK793780

1 Stanley Place Saskatoon S7L 1C3 : Kelsey/Woodlawn

Main Photo: 1 Stanley Place in Saskatoon: Kelsey/Woodlawn Commercial for sale : MLS®# SK793780
$1,151,500
Prop. Type:
Commercial
MLS® Num:
SK793780
Status:
Active
Bus Major:
Rental holding properties
7 residential houses backing onto commercial steps away from Polytec. These are rental holding properties located on a cul-de-sac in Kelsey Woodlawn. Stanley Place is zoned DCD2 and is apart of Saskatoon's growing forward plan .(growing forward.ca) These are all low income rentals rented monthly as follows ...#1(2 bdrm house)/ $1,200.00 , #2 (2bdrm house)/$1,200.00 , #3 (2 bdrm house)/$1,100.00 , #4 (3 bdrm house) / $1,600.00 , #9 (3 bdrm house)/ $1,400.00 , #11 (2 bdrm house) / $1,200.00 and #12 (2 bdrm house) / $1,300.00. Approximately $9,000.00 a month plus utilities are paid by the tenant. Annual gross income of approximately $108,000/year. There is a proforma in supplements showing potential for a 13% ROI. Also potential for extended value should you later syndicate the remaining houses on Stanley. Please confirm all information going forward with the city of Saskatoon. The city recognizes a B3 and a RM3 as approved zoning providing that their guidelines are met and consolidation has been achieved. Great investment going forward with the city growth plan. Properties are always rented and are only in fair condition. Please contact a salesperson for any further information.
Listing Area:
Saskatoon
Listing Subarea:
Kelsey/Woodlawn
Property Type:
Commercial
Property Sub Type:
Other (See Member Only Remarks)
Year built:
1948 (Age: 72)
Taxes:
$1,570 / 2018
Ownership Title:
Freehold
Business Type:
Rental holding properties
Assets Include:
Other (See Member Remarks)
Smoke Detector:
Yes
Sprinkler system:
No
Construction:
Wood Frame
Date Listed:
Days on Mkt:
Listed by RE/MAX Bridge City Realty
Data was last updated January 22, 2020 at 05:35 PM (UTC)
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