121 29th STREET W, Saskatoon

About this property

Turnkey 6-Plex Investment in Caswell Hill – Fully Occupied, Poised for Redevelopment A rare opportunity. Fully tenanted six-suite building. Minutes from downtown and major transit routes. The city's planning department has already initiated the groundwork for corridor mixed-use redevelopment in this area, with the process now in the neighborhood approval stage. Property Highlights: * 2,625 sq.ft. above grade, offering generously sized suites throughout * 4 two-bedroom suites (~850 sq.ft. each) and 2 one-bedroom suites (~780 sq.ft. each) — 3 units above ground, 3 below but with extra large windows, * Suites fully self-contained each with a private entrance and in-suite laundry * Strong tenant retention history. * Professional management in place with option to keep. Redevelopment Potential: * Located along a corridor identified by the City for mixed-use redevelopment * Planning groundwork already underway, currently progressing through the neighbourhood approval stage * Offers investors both steady current income and long-term upside as the corridor evolves Recent Capital Improvements: * Eavestroughs, soffit, fascia, and leaf guards replaced (2022) * Roof shingles replaced (2019) * Triple-pane windows throughout for energy efficiency and noise reduction * Several suites updated with newer flooring and fresh paint * Majority of laundry equipment recently replaced. Utility Structure: * Individual electric baseboard heat and electric hot water tanks per suite * Tenants responsible for electricity, phone, cable, and internet * Owner responsible only for water and sewer. (id:66939)