239-245 20th St W, Saskatoon, SK S7M 0W8

Property Description

Prominent Riversdale Mixed-Use Commercial Opportunity. Opportunity to acquire a landmark mixed-use property on the high-profile corner of Avenue C South and 20th Street West in the heart of Riversdale. Long recognized as the home of the Mandarin Restaurant, this historic property offers exceptional visibility, strong street presence, and flexible B5C zoning. The building contains approximately 20,262 SF of total area. The main floor offers approximately 8,162 SF of commercial/restaurant space with strong exposure to both vehicle and pedestrian traffic. The second floor is approximately 6,050 SF of residential space configured into four exceptionally large apartment units consisting of two 4-bedroom, 2-bathroom suites and two 2-bedroom, 1-bathroom suites. The generous unit sizes provide significant rental income potential and represent a rare offering in today's apartment market. The property is currently owner-occupied, with the residential units occupied by family members and no rental income being generated. Upon possession, the restaurant operation will cease, and all residential units will be vacant, providing a unique opportunity for an investor or owner-occupier to establish market rents from day one, renovate, reposition, or redevelop to suit their vision. Additional features include 14 rear parking stalls and approximately 6,050 SF of basement storage space. Business and restaurant equipment is excluded from the purchase price but may be available through separate negotiation. Year built per municipal assessment records. Building measurements are approximate and derived from exterior dimensions. Buyers are encouraged to verify all information material to their requirements.