Business For Sale · Office

115 Wall STREET, Saskatoon

115 Wall STREET, Saskatoon, SK S7K6C2

$1.1M total

2,527 SF

Asset Class

Office

Size

2,527 SF

Building class

C

Zoning

CO — Commercial Office

$ / SF

$435

Occupancy

84%

Year Built

1928

Lot Size

0.07288797061524334 ac

About this property

Strategic City Centre commercial holding with current use and meaningful long-term upside. 115 Wall Street is a tenant-occupied, office-style commercial property offered on two titled parcels along the Wall Street/Idylwyld corridor—an area connected to Saskatoon’s evolving Downtown and Event & Entertainment District planning conversation. The existing building is currently configured for multi-occupant professional/office use, with multiple private rooms, corridors, washroom and utility areas. An older appraisal reports an approximately 2,527 sq. ft. building footprint plus a 10' x 18' full-height concrete basement area. This is not simply a future-land play: it is a functioning commercial property today, with flexibility for a buyer to hold, continue or reposition the existing use as tenancies allow. For investors, owner-users and developers, the two-parcel configuration creates a compelling opportunity to assess both present utility and longer-term potential beyond the current improvements. City planning in the broader Downtown corridor adds another layer to the story for buyers with vision. Buyer to verify all measurements, current zoning, permitted uses, tenancy and possession details, parcel information, and any future redevelopment potential or required approvals. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.10M
Down payment30% · $330K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$63K

Annual cash flow

$2K

Cash-on-cash

0.66%

DSCR

1.04

Going-in cap

5.74%

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)

TenantAreaExpiry
Blue Harbour Design1,472 SF2031-09
Blue Harbour Design451 SF2031-09
Blue Harbour Design400 SF2031-09

Area demographics

Trade area within 3 miles of the property.

Population

76,908

Households

34,695

Median income

$79,000

Median age

40.7

Daytime population

118,365

5-yr growth

6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 115 Wall STREET, Saskatoon.

NDA required
  • 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.