12,420 ft²
Multifamily
$2,595,000
Sale



BUILDING FEATURES • Two and half storey walk-up apartment building in heart of City Park, Saskatoon • 18 units (12 two-bedrooms, 5 one-bedrooms, and one bachelor suite), with 8 private balconies • Concrete block construction, brick exterior, wood joist on poured concrete basement with built-up tar and gravel roof • Each unit has a private storage room and is individually-metered UPGRADES • Windows replaced approx. 2007 • Balconies restored/repaired approx. 2013 • Boiler replaced approx. 2013 ZONING RM3 LEGAL DESCRIPTION Parcel 120173453 TAXES $17,139.67 (2018) SALE PRICE $2,595,000 YEAR CONSTRUCTED 1968 BUILDING SIZE ±12,420 SF LAND SIZE ±0.3 Acres (±13,068 SF) LAND PARTICULARS 18 electrified parking stalls POSSESSION Negotiable


The Space
Asking Price$2,595,000
Available Space12,420 ft²
Net Operating Income$149349
Property UseInvestment property

The Building - Prince of Wales Apartments

This extremely well-maintained City Park, 18-unit apartment building has been fully occupied for three consecutive years, and has had a history of long-term tenancy. There have been crucial upgrades in recent years such as the boiler, windows, and balconies. The updated meters and electrified, private parking for each tenant makes this investment one of a kind. Please see PDF for property Income.

Property TypeMultifamily
Floors3
Building Size12,420 ft²
Lot Size13,068 ft²
ZoningRM3
Net Operating Income$149,239/yr
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