You are here

Multi-Family & Commercial Parcels

Commercial land

The City of Saskatoon maintains an inventory of land suitable for mixed-use development consisting of multi-unit residential, commercial and office units. Due to the unique nature of each property, interested parties should contact the Saskatoon Land to discuss specific information.

Commercial and Multi-Family Land for Sale

Submitting Tenders

The City of Saskatoon tenders all new suburban centre property. Requests for tender packages may be made to the Saskatoon Land, 201-3rd Avenue North, Saskatoon, SK S7K 2H7. Current tender packages will also be made available via the Saskatoon Land homepage on this website. Land that is not sold through the tendering process is sold over the counter on a first-come, first-served basis.

Sales Agreement

The Purchaser is required to enter into a Sale Agreement as a condition of sale.

Purchase Options

There are three alternatives to purchase suburban centre property:

Outright Purchase

Upon payment of full purchase price by the purchaser, the City will transfer the title.

Agreement for Sale

Payment

The minimum down payment required is 10% of the total purchase price of the lot.

The full balance is to be paid within the time frame specified in the agreement, usually 30 days. Upon receipt of the full balance and execution of an Agreement for Sale, the purchaser will have full possession rights.

Taxes

Property taxes become the responsibility of the purchaser from the first of the month following the date of full payment. For an estimate of the taxes on the land only, please call the Assessment Branch at 306-975-3223.

Transfer of Title

The City will transfer title upon receipt of payment in full, or a request for a Transfer in Trust from the purchaser's solicitor.

Default or Voluntary Cancellation

An agreement is defaulted when the terms are not met within the time of the agreement. In the event of cancellation, rent for the right of possession is charged for the time the purchaser has held the lot. The rent is 2% of the total price for the lot plus GST for each month the lot is held, or a minimum of 5% of the total price of the lot plus GST, whichever is the greater. The rent and the GST are deducted from monies paid and any remaining portion is refunded including property taxes that may have been paid.

Option To Purchase

Prospective purchasers may enter into an Option to Purchase Agreement under the following terms:

Allowable Time of Option

The maximum time allowed is six months.

Required Option Fee

The option fee shall be 2% of the selling price of the lot optioned, plus GST, payable in advance. In the event an option is exercised within the option period, the option fee shall be credited to the purchase price of the lot. If the option is not exercised the option fee is forfeited.

Possession

No right of possession accompanies an option. An optionee may, with permission from the Saskatoon Land, enter the property to conduct certain soil tests or other examinations for the purpose of planning their construction.

Assignment

An option may be assigned with the permission of the City of Saskatoon, Saskatoon Land.

Exercising an Option

An option may only be exercised by the optionee within the allowable time of the option. The option may be exercised by notice in writing accompanied by full payment of the balance of the purchase price.

Transfer of Title

In order to receive a Transfer of Title, the purchaser must provide full payment and any applicable right-of-possession charges.

Services

Only those properties that have complete services (i.e. sewers, water, utilities, curbs, and at least a gravel-based road with paving to be provided within a reasonable period) are available for sale. The Purchaser is responsible for all private connections into the lot.

Price

Lot prices are calculated using prices for land and services as approved by City Council. All lot prices are subject to Goods and Services Tax (GST).

Possession

On ore before the possession date, the purchaser will deliver to the City of Saskatoon, Saskatoon Land the following:

  1. A certified cheque or bank draft for the balance of the purchase price.
  2. Properly executed and sealed copies of the Agreement of Sale.

Transfer of Title

The Transfer Authorization will be issued only in one of the following ways:

  1. Under appropriate trust conditions, the Transfer will be forwarded to the purchaser's solicitor; or
  2. Upon receipt of payment in full, the Transfer will be forwarded to the purchaser's solicitor.

Taxes

Property taxes will be adjusted in accordance with the possession date.

Zoning

These properties are subject to the General Provisions under the Zoning Bylaw No. 8770. Please contact the Planning and Development Branch at (306) 975-2645 for zoning information on any particular property.

Building Restriction Caveats

Due to the unique nature of each property, building restriction caveats may be in effect. Please contact Email Us at (306) 975-3278 for specific information for any particular property.