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Corman Park Rm No. 344 · Vacant Land · under $6,500,000. Alerts only send when there are new or meaningfully updated matching homes.
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PRIME INVESTMENT LAND, destined to be developed into an urban residential neighbourhood under Saskatoon's Plan for Growth (P4G). With a specified density of 7+ residential units per gross acre, this 72.11 acre parcel will be suitable for subdivision into 504+ urban residential lots as Saskatoon grows. Well within the planned Saskatoon Freeway perimeter road, this property is 300 meters from Stonebridge, 500 meters from Lakeview/Lakeridge, and adjacent to Greenbryre Estates. It will be in the centre of future urban development under Saskatoon's South East Concept Plan. The land is level/nearly level with none/few stones, a dugout and some poplar bush. The current tenant is willing to continue renting. The property is irregularly shaped with 660 meters of frontage on Range Road 3051, 17 meters of frontage on Glazier Road and 393 meters of shared border with Greenbryre Estates. There is also a 3.05 acre lot available. Excellent investment opportunity as a holding property. SEE SUPPLEMENTS for details. DIRECTIONS: South on Boychuk to Glazier Road - past Lakeshore Garden Centre, Lakeview Church and the Saskatoon Christian School to Range Road 3051 - field is on the left. (id:65958)
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Comparable sales
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Property condition
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Zoning
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Suite legality / potential
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Monthly carrying cost
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Property taxes
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Commute
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Deposit and financing conditions
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Inspection considerations
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Cash on cash
-6.15%
Cap rate
3.63%
GRM
16.7
Break-even rent
$36,469
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 11, 2026.
Location of this listing. Distances are straight-line.
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