3730 Diefenbaker Drive, Saskatoon, SK |
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| Asking Price: |
$4,100,000 |
| Legal: |
Pt Parcel B, Blk 745, Plan 74S10164 |
| Zoning: |
B2 |
| Mortgage: |
Treat as clear title |
| Taxes: |
2008 - $52,505 (Multi-family - $40,000, Commercial - $12,505) Breakdown Estimated |
| Building Description: |
- Constructed in 1982/84
- Consists of a 9894 sq. ft. commercial shopping mall with 4 tenancies and 2 – 24 suite attached apartment blocks.
- All suites are above ground and have a/c, upper suites have balconies.
- Suite sizes are 732, 760 & 795 sq. ft. & are all 2 bedroom suites.
- Wood frame construction.
- Buildings need few if any upgrades.
- During the past 5 years the following has spent on upgrades:
- Flooring $59,280
- Painting $39,308
- Appliances $27,240
$125,828
- Washers and dryers are leased
- Rents $620-650 PMO
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Commercial | | Rent | Expiry Date |
(1-2) Silcorp (Mac’s) | 2960 sq ft at $16 | 3,946 | March 31, 2013 |
(3) 62/308 Saskatchewan Ltd. (Homers Pizza) | 985sq ft at $7 | 574 | July 31, 2008 |
(4)Vacant | 980sq ft at $9 | 735 | |
(5-7)101105793 Saskatchewan Ltd. (Bar & Grill) | 4969sq ft at $7.50 | 3,105 | October 31, 2012 |
| | 8,360 | |
Residential | Commercial |
| Rent |
370,740 |
Rent |
100,320 |
| Laundry | 5,760 | Structural 3% | (3,000) |
| Vacancy | (3,700) | Vacancy 5% | (5,000) |
| 372,800 | | 92,320 |
| |
Pro-Forma |
| Expenses |
|
| Advertising |
1,000 |
| Caretaker |
11,520
|
Insurance |
3,000 |
| Management |
22,860 |
| Property Tax |
40,000 |
| R+M |
30,000 |
| Utilities |
50,000 |
| Total Expenses |
158,360 |
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| Surplus |
214,420 |
| Commercial |
92,320 |
| Net Profit |
306,740 |
Note: Based on information presented by the owner
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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. |
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