Ideal river front holding property zoned for medium to high density, and perfect for a future redevelopment site with 11,649 sqft (0.27 Acres) overlooking the South Saskatchewan River. The City of Saskatoon zoning bylaw has the land designated as RM4 - which can accommodate a variety of medium to high density residential developments as well as related community uses. Therefore, a great site for a multi-family condo development project or multi-family apartment site (please confirm zoning and future use of the site with the City of Saskaoon). The site currently has a revenue generating property which includes a 1190 sqft raised bungalow with a total of 5 bedrooms, den, and 2 baths, a basement suite with separate access from the front and back entrances of the home. The front yard and backyard are both fenced in, the home is in good condition, there are separate electrical and gas meters, two high-efficiency furnaces, large basement windows which provides a ton of natural light to the basement suite tenants. In addition there is approximately 2,850 sqft of garage space, one of the garages is 30’ x 56’ with 4 overhead doors, 12’ ceilings with forced-air heat, power. The second garage is 30’ x 39’ and offers 3 over head doors with a storage area but not heated. There is excellent revenue potential here, with a two unit dwelling to rent out, and tons of garage space that can be leased out to two separate tenants. The potential revenue that this property will generate will assist you while you plan out your future re-development project, or keep the property as is for a long term holding property. Properties like this don’t come up often, so now is your chance to take your real estate portfolio to the next level. (id:41440)