416 & 422 Spadina CRESCENT

Description

"PROBABLY THE BEST RIVERFRONT LOCATION ON SPADINA CRESENT WEST!". Great opportunity for a possible future apartment multi- family project. Currently zoned RM3. As per ISC both lots combined have a total parcel of 0.46 acres. Which would be approximately over 20,000 sqft . ISC indicates the Frontage of this riverfront property at 107 feet. And The DEPTH of this property as follows ..the west side at approximately 220 feet long and on the east side of lot, at approximately 200 feet long. Current use is as a investment holding properties. W/2 side by side rental houses. Renting month to month. Showing the total rents received per property /month as follows #422 / $1,950 and #416 / $2,395 (both plus utilities). Developers Note: This maybe a candidate for further application for additional floors w/the high-density multi-family designation (#426 Spadina Cresent West is RM5. With a 15 unit Apartment Block located next door). However, even with the current RM3 zoning the city may consider a above ground 3 floor low-rise apartment building. All purchasers to do their own due diligence with the City Of Saskatoon. Demolish and timeline of current homes to be mutually agreed upon and negotiated between buyer and seller.

Listing courtesy of Coldwell Banker Signature