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1024 College Drive
Varsity View Saskatoon S7K 0W1

$1,499,000
Commercial 6,090 sq. ft. built: 1954

Main Photo: 1024 College Drive in Saskatoon: Varsity View Commercial for sale : MLS®# SK821161
Photo 1: 1024 College Drive in Saskatoon: Varsity View Commercial for sale : MLS®# SK821161
Photo 2: 1024 College Drive in Saskatoon: Varsity View Commercial for sale : MLS®# SK821161
Photo 3: 1024 College Drive in Saskatoon: Varsity View Commercial for sale : MLS®# SK821161
Photo 4: 1024 College Drive in Saskatoon: Varsity View Commercial for sale : MLS®# SK821161
Photo 5: 1024 College Drive in Saskatoon: Varsity View Commercial for sale : MLS®# SK821161
Photo 6: 1024 College Drive in Saskatoon: Varsity View Commercial for sale : MLS®# SK821161
Photo 7: 1024 College Drive in Saskatoon: Varsity View Commercial for sale : MLS®# SK821161
Photo 8: 1024 College Drive in Saskatoon: Varsity View Commercial for sale : MLS®# SK821161
Photo 9: 1024 College Drive in Saskatoon: Varsity View Commercial for sale : MLS®# SK821161
Photo 10: 1024 College Drive in Saskatoon: Varsity View Commercial for sale : MLS®# SK821161
Photo 11: 1024 College Drive in Saskatoon: Varsity View Commercial for sale : MLS®# SK821161
Status:
Active
Prop. Type:
Commercial
MLS® Num:
SK821161
Bus Major:
Motel / Hotel
Rare find! Fantastic location! M2 zoning with 50 feet frontage along College. Recently renovated 18-unit visitor lodge / motel is located within walking distance to the University of Saskatchewan, Innovation Place, Royal University Hospital, and Jim Pattison Children's Hospital. This well kept building has been renovated up to code with upgraded mechanical, electrical, plumbing, roofing, insulation, siding, etc. Overall 6090 square feet living space (including basement) with an abundance of front and rear parking space. Turnkey business which was first established in 2011; very stable cash flow and easy to manage. This is a perfect location for extended stays for visitors to the hospitals, visiting academics as well as tourists. Great investment opportunity! Call to view today!
Listing Area:
Saskatoon
Listing Subarea:
Varsity View
Property Type:
Commercial
Property Sub Type:
Hotel/Motel
Year built:
1954 (Age: 66)
Total Floor Area:
6,090 sq. ft.
Taxes:
$4,217 / 2020
Frontage:
50'
Ownership Title:
Freehold
Business Type:
Motel / Hotel
Elevator:
None
Assets Include:
Equipment & Machinery, Fixtures, Goodwill, Parking
Heating:
Air Conditioning, Hot Water
Construction:
Wood Frame
Onsite Parking
Parking Facility: Yes
Lot Size:
0.14 acre(s)
Parking Places:
11.0
Date Listed:
Aug 10, 2020
Days on Mkt:
107
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Data was last updated November 24, 2020 at 11:35 PM (UTC)
Area Statistics
Listings on market:
61
Avg list price:
$339,900
Min list price:
$24,900
Max list price:
$4,999,000
Avg days on market:
111
Min days on market:
5
Max days on market:
354
Avg price per sq.ft.:
$172
These statistics are generated based on the current listing's property type and located in Saskatoon. Average values are derived using median calculations.
Gary Gai
The Saskatchewan REALTORS® Association (SRA) (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
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