For Sale
305 Queen Street, Saskatoon SK
Asking Price $2,200,000
Legal Lot 62 Block 184 Plan 99SA24455 (Parcels 120823613)
Mortgage Treat as Clear Title
Taxes $13,805 (2025)
Description:
  • Apartment block with 22 suites (8 Bachelor, 8 x 1BR, 5 x 2BR, 1 x 3BR)
  • All two bedrooms could be converted to 3BR with addition of one wall
  • Wood frame construction with brick veneer, approx. 1912 vintage
  • Rental rates: Bachelor $825, 1BR $875/925, 2BR $1,600, 3BR $1,800
  • Laundry appliances are leased
  • 2BR suites are self-contained
  • 1BR suites: each two suites share a toilet room and a separate tub room; sinks ensuite
  • Bachelor suites: each 4 units share a tub room and a toilet room; sinks ensuite
  • Tenants have keys to their specific sink and tub rooms
  • Two new steam boilers replaced Stein Electric in 2021
  • Security system installed 2022 with 40 cameras ($35,000)
  • Exterior repainted 5 years ago
  • New carpet tiles in common area 5 years ago
  • Two new fire escapes 5 years ago
  • Land zoned RM5 Hi-Rise development
  • New roof in 2025 ($32,450)
  • Current appraisal (Nov 2025) and Phase I Environmental report available

PLEASE CONTACT DEL PETERS REALTY FOR FINANCIAL INFORMATION

Disclaimer: Del Peters Realty received the above information contained in this proforma from sources deemed reliable but do not guarantee same. Each investor must rely on their own investigation of the salient facts.