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Home SK Greater Saskatoon Saskatoon Varsity View
1320 college DRIVE
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1320 college DRIVE $1,880,000
$1,880,000
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1320 college DRIVE
Saskatoon, Saskatchewan S7N0W5

MLS® Number: SK978220

Listing Description

When Viewing This Property On Realtor.ca Please Click On The Multimedia or Virtual Tour Link For More Property Info. Discover an unparalleled investment opportunity with this modern 15-unit multi-residential property at 1320 College Drive, Saskatoon, directly across from the University of Saskatchewan. This property features a mix of boarder-style suites and spacious apartments, ensuring broad tenant appeal. It offers strong financials with a total annual rental income of $186,000 and additional laundry income of $2,500, leading to a net annual income of $139,413 after all expenses. Efficient tenant management through WhatsApp, strategic lease expirations, and high demand due to its prime location led to ZERO vacancies. With 5 electrified parking spots and modern amenities, this high-yield, low-maintenance property is a lucrative addition to any real estate portfolio. Don’t miss this exceptional investment (28211389)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Storeys
2.5
Neighbourhood Name
Varsity View
Title
Freehold
Land Size
0.16 ac
Built in
1977
Annual Property Taxes
$15,880
Total Parking Spaces
5
Time on REALTOR.ca
110 days

Building

Interior Features
Appliances Included
Washer, Refrigerator, Dryer, Stove
Building Features
Features
Treed, Balcony
Architecture Style
Low rise
Building Amenities
Shared Laundry
Total Units
15
Heating & Cooling
Heating Type
(Electric), Forced air, Hot Water, (Natural gas)
Neighbourhood Features
Community Features
Pets Allowed, Adult Oriented
Amenities Nearby
Public Transit
Parking
Total Parking Spaces
5

Land

Lot Features
Landscape Features
Fully landscaped
Data provided by: Saskatchewan REALTORS® Association 1705 McKercher Drive, Saskatoon, Saskatchewan S7H 5N6

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