RIVER FRONT property zoned as RM4 which makes for a fantastic holding property, and perfect for a future redevelopment site with 11,649 sqft (0.27 Acres) overlooking the South Saskatchewan River. The City of Saskatoon zoning bylaw has the land designated as RM4 - which can accommodate a variety of medium to high density residential multi-unit dwelling developments , type II residential care homes, as well as related community uses. Therefore, a great site for a multi-family apartment or condominium site (please confirm zoning and future use of the site with the City of Saskatoon). This property is in the preliminary design stages for a 4 storey apartment building with a gross floor area of 4149 sqft, which has the potential to build approximately 16,596 sqft building. The plan for the design is to accommodate anywhere from 12 larger units and up to 23 smaller units for future rentals, but would still need to be submitted for a preliminary review with the City of Saskatoon. The site currently has a revenue generating property which includes a 1190 sqft raised bungalow with 6 bedrooms, den, 2 baths, legal basement suite with separate access from the front & back entrances. The front yard & backyard are both fenced in, home is in good condition (interior photos available), there are separate electrical & gas meters, two high-efficiency furnaces, large basement windows which provides a ton of natural light to the basement suite tenants. In addition there is approximately 2,850 sqft of garage space, 30â x 56â garage is heated with 4 overhead doors, & 12â ceilings. The second garage is 30â x 39â with 3 over head doors. There is excellent revenue potential here, with a two unit dwelling to rent out, and tons of garage space that can be leased out to two or more separate tenants. The potential revenue that this property will generate will assist you while you plan out your future re-development project, or keep the property as is for a long term holding property. (id:27476)
