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.
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