It’s a pristine, river-front property adjacent to recreational, economic and cultural opportunities that are distinct to the Paris of the Prairies.
Referred to as Parcel G, this enticing waterfront development opportunity is unlike anything else across Saskatoon in terms of its sheer exclusivity alone – one of the last truly riverfront development parcels.
Spread across 1.66 acres of land, Parcel G is an ideal fit for any number of permitted uses, including: medium-to-high density residential, retail, hotels, office space, recreation, culture and tourism.
The land is serviced and being sold as one parcel, with a maximum building height of up to 95 metres.
“The property is positioned to become a part of the premier destination for arts, theatre, riverbank parks, markets and entertainment,” says Frank Long, director of Saskatoon Land.
The property lies along the north bank of the South Saskatchewan River and Meewasin Valley. Located in the heart of River Landing, the property provides future tenants, residents or visitors with spectacular south and west-facing views of the river valley, direct access to more than 100 kilometres of riverbank trails, an abundance of local entertainment, shops and restaurants, and adjacency to downtown YXE and the bustling Riversdale neighbourhoods.
Host to 600,000 visitors annually, River Landing is Saskatoon’s hub for parks, sports courts, theatres, galleries, markets, restaurants and services.
Some of the local gems within direct proximity of the development site include: Remai Modern Art Gallery, Persephone Theater, Gather Local Market, the River Landing Family Spray Park and the River Landing Amphitheatre.
Anchored by a welcoming and robust business climate, those new to Saskatoon can rely on SREDA, the economic development group for the Saskatoon Region as well as a long-established and thriving local Chamber of Commerce.
“Saskatoon’s mix of economic diversity, low business costs and high quality of life make it a leader when it comes to creating an advantageous environment for businesses to thrive,” Long says. From the agricultural and life sciences sectors to mining and advanced manufacturing, the Saskatoon Region is a leader in innovation across multiple industries.
Saskatoon makes sense for families and investors alike when considering the following:
- The cost of living is 50% less than other major urban hubs such as Toronto and Vancouver, and 15% less than Calgary.
- Commutes to anywhere else in the city take roughly 20 minutes.
- The residential benchmark price for a single-family home is $395,000. Compare that to the national average of $700,000, Calgary at $585,000, Toronto at $1.0 million, or Vancouver at $1.2 million.
To learn more about Parcel G in River Landing, visit saskatoon.ca/business-development/land-development/news/parcel-g-river-landing
