424 3rd Ave N, Saskatoon, SK S7K 2J3

Property Description

Immaculate 11-unit multifamily investment with adjacent parking lot opportunity in Saskatoon’s City Park neighborhood. Situated on three lots totaling approximately 9,742 SF, the property features 11 one-bedroom suites within an approximately 7,124 SF building. Additional income is provided by a separate paved and electrified 13-stall parking lot, plus seven parking stalls serving the apartment building. The property has seen notable recent improvements including a pitched asphalt-shingle roof and replacement exterior windows and doors . Each suite includes dedicated storage. Ideally located just north of downtown with convenient access to surrounding amenities and services including the University of Saskatchewan. Zoned RM5 High Density Multiple-Unit Dwelling District. The offering is supported by a recent third-party appraisal, which may be made available upon acceptance of an offer. Total gross annual income between apartment building and adjacent parking lot of approximately $194,592.