1/46418 20th STREET W, Saskatoon
418 20th STREET W, Saskatoon, SK S7M0X4
$699,900 total
3,250 SF
Asset Class
Specialty
Size
3,250 SF
Building class
A
Zoning
DC2 — Site Specific
$ / SF
$215
Occupancy
97%
Year Built
1918
Lot Size
0.07 ac
About this property
Versatile. Multi-Use. Mixed Use. Live/Work. Multiple Revenue Streams. However, you decide to describe it, the potential for you to succeed here is enormous! The main floor is set up for a new restaurant space. Not too big, not too small, it is just right! The upper level sets up for plenty different uses. Use the whole building as a Live/Work opportunity for you and your family. Or, rent the upstairs (separate entrance) - there are 3 bedrooms, 2 dens, 2 bathrooms and separate laundry hookups! Even better yet, lease the upstairs to an office use - either a single use tenant, or a co-op space could easily pull multiple revenue streams. Close to downtown without downtown prices, proximity to the river and Gather Local Market, and no need to guess whether a restaurant can survive here. The precedent has been set with Primal, Pop Wine Bar, Odd Couple, Bar Stella and Bistro on B - just to name a few... The only real question is, do you have what it takes to bring the next big thing to this trending neighbourhood?!? (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$55K
Annual cash flow
$16K
Cash-on-cash
7.68%
DSCR
1.42
Going-in cap
7.85%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Vector Robotics | 1,833 SF | 2034-05 |
| Vector Robotics | 767 SF | 2034-05 |
| Vector Robotics | 400 SF | 2034-05 |
| Vector Robotics | 400 SF | 2034-05 |
Area demographics
Trade area within 3 miles of the property.
Population
92,469
Households
36,852
Median income
$117,500
Median age
31.7
Daytime population
144,542
5-yr growth
3.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 418 20th STREET W, Saskatoon.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.