- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- SK035495
- Photos (46)
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High Cash Flow Property with Flexible Layout & Heated Garage.
Discover a rare high cash-flow investment opportunity located along a prime commercial corridor in Downtown Saskatoon. Zoned B5C Commercial and currently configured for residential rental use, this versatile property offers strong income potential with approximately $3,900/month in rental revenue.
The main floor features three rooms previously used for massage/therapy business purposes, plus an additional bedroom and a 3-pc bathroom — ideal for a home-based business setup, professional services, or flexible rental configurations.
The second floor offers a comfortable 3-bedroom residential living space complete with its own 3-pc bathroom, kitchen, living room, balcony access to the rear deck, and a separate rear entrance, making it well-suited for rental income or owner occupancy.
The flexible multi-room layout provides excellent functionality for investors, multi-tenant occupancy, or owner-users seeking mortgage support through supplemental rental income.
Recent improvements totaling approximately $50,000+ help reduce future maintenance concerns while enhancing the property’s overall functionality and rental appeal.
Additional features include updated flooring and paint, multiple bedrooms and bathrooms, functional common areas, balcony and patio access, and a spacious heated drive-through garage/shop space measuring approximately 19’ x 29’ — ideal for storage, workshop use, or small business operations.
Situated in a high-exposure location with convenient access to major routes, commercial amenities, and transit, this property offers both immediate cash flow potential and long-term upside value. A unique opportunity for investors seeking strong returns and future flexibility in a commercially zoned property.
Buyers are advised to verify all measurements, zoning, and intended uses with the City of Saskatoon.
- Listing Area:
- Saskatoon
- Listing Subarea:
- Riversdale
- Property Type:
- Commercial
- Property Sub Type:
- Mixed Use
- Year built:
- 1912 (Age: 114)
- Total Floor Area:
- 3,049 sq. ft.
- Taxes:
- $3,410 / 2026
- Ownership Title:
- Freehold
- Elevator:
- None
- Total Building Size:
- 3,049 sq. ft.
- Heating:
- Other
- Occupancy:
- Tenant
- Lot Size:
- 3,250 sq. ft.
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Two-story building featuring a white facade with black-framed windows and two Juliet balconies -
Two-story facade featuring a stark white finish with contrasting black trim
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Aerial perspective highlighting a commercial property on a prominent street, surrounded by diverse urban architecture
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White facade commercial building featuring an upper-level balcony, ground-floor retail window, and a prominent red canopy
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Aerial overview showcasing the property with a heated garage
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Warm wood-finish ceiling paneling, light wood-finish flooring, and white paneled interior doors
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Photo 7 of 46
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Photo 8 of 46
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Wood-paneled ceiling with track lighting, light gray walls, and gray carpeting
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Photo 10 of 46
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Kitchen featuring wood-finish cabinetry, a patterned tile backsplash, and a wood-paneled ceiling with exposed beam
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Kitchen featuring wood-finish flooring, plank ceiling with track lighting, wood-finish cabinetry, and a patterned tile backsplash
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Modern bathroom featuring a glass-enclosed shower, pedestal sink, wood-finish ceiling, and an awning window
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Interior room featuring a wood-panel ceiling, white painted walls, and a single window with white trim
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Room featuring a wood-panel ceiling, light wood-finish flooring, and light-toned walls
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Room featuring wood-finish flooring, a wood-paneled ceiling, and a light-colored wall finish
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Bright dining area featuring a large window with horizontal blinds, light-colored walls, track lighting, and a dark-toned dining table
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Long hallway featuring light-toned flooring, white walls, and a decorative runner
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Wood-finish plank ceiling and white walls frame a hallway featuring a glass balustrade
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Hallway featuring a decorative patterned runner, wainscoting paneling, and interior windows with red drapery
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Compact kitchen area featuring a built-in white cabinet with glass panel doors, a durable countertop, and neutral-toned flooring
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Pedestal sink with chrome faucet, oval mirror, and white commode
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Corner shower enclosure with clear glass panels, chrome framing, and a built-in shelf
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White walls with track lighting, multiple windows featuring horizontal blinds, and neutral-toned flooring
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Compact room featuring a white paneled accent wall, a decorative headboard, and wood-finish flooring
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Light wood-finish flooring complements the crisp white walls
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Bedroom featuring white walls, track lighting, and wood-finish flooring
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Neutral white walls with track lighting and square tile flooring
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Photo 29 of 46
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Unfinished basement with concrete flooring and exposed structural beams
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Basement laundry area featuring concrete block walls, exposed wood ceiling joists, and a concrete floor
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Utility space featuring exposed wood joists, concrete flooring, and a central heating unit
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Utility area featuring a water heater, concrete block walls, exposed ductwork, and structural support columns
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Modern corrugated metal building featuring an overhead glass panel garage door, a white entry door, and a dedicated wooden walkway
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Spacious outdoor deck featuring multi-level wooden decking, a built-in hot tub, and a detached building with a roll-up garage door
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Expansive wood-finish decking featuring a built-in spa, exterior staircase with wooden railing, and a second-story exterior door
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Spacious exterior featuring a wood-finish deck with an elevated patio area, corrugated metal siding, and a glass-paneled garage door
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Multi-level wood decking with integrated hot tub, leading to an exterior staircase with wood railing
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Modern detached structure featuring a metal siding exterior, a glass-paneled garage door, and an entry door
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Photo 40 of 46
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Spacious garage featuring a translucent paneled door and concrete flooring
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Spacious two-car garage featuring a concrete floor, white walls, and an automatic garage door opener
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Multi-level wooden decking with an integrated concrete pathway
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Exterior walkway between two stucco-finished buildings, featuring a sloped wood-finish ramp, metal handrail, and several windows with white trim
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Listed by L&T Realty Ltd.
Data was last updated May 11, 2026 at 03:35 PM (UTC)
Area Statistics
- Listings on market:
- 10
- Avg list price:
- $619,450
- Min list price:
- $149,000
- Max list price:
- $1,070,000
- Avg days on market:
- 64
- Min days on market:
- 7
- Max days on market:
- 227
- Avg price per sq.ft.:
- $157.35
These statistics are generated based on the current listing's property type
and located in
Riversdale. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- CRYSTAL ADRIAN
- REALTY EXECUTIVES SASKATOON
- 1 (306) 2913736
- Contact by Email
Crystal Adrian
Realty Executives Saskatoon
3032 Louise Street, Saskatoon, SK S7J 3L8