1 Stanley Place, Saskatoon, Saskatchewan S7L 1C3

Property Description

Offers are dependent on the acceptance of a conditional offer on all 12 adjoining properties on Stanley Place and #1224 & #1228 Idylwyld Drive. Viewings only available following the acceptance of a conditional offer on all said properties As per the City of Saskatoon - before redevelopment can occur, a developer must consolidate (own) all the lots within a cul-de-sac; In addition, within the DCD2 guidelines. Development is mandated to begin at Stanley Place and move northward in consecutive order. If a developer were to complete consolidation, the current guidelines state that uses of a B3 or RM3 Zoning District would be permitted. The list price of this package will be offered for sale for $2,820,000.00 Also this is a great opportunity for a holding investment property portfoiio> Current rents are approximately $157,800.00 annually. Buyer and buyers agent responsible for verifying square footage and potential development opportunities.