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Main Photo: 489 N 2nd Avenue in Saskatoon: City Park Commercial for sale : MLS®# SK043148
Status:
Active
Prop. Type:
Commercial
MLS® Num:
SK043148
Bus Major:
Restraunt
Excellent opportunity to acquire a well-established, fully equipped Vietnamese restaurant in a high-exposure downtown Saskatoon location. The lease includes approximately 1,578 sq. ft. of main-floor restaurant space, plus a 2-bedroom basement living quarters included at no additional base rent. Current base rent is $6,000/month plus $500/month occupancy costs (+ GST), with the tenant responsible for separately metered gas and electricity. There are also shared occupancy cost with the church above. Occupancy costs include property taxes, building insurance, water, common area maintenance, snow removal, landscaping, and other building operating expenses. Current lease expires February 28, 2027, with one 5-year renewal option available (subject to the lease terms). The restaurant features quality leasehold improvements, a fully equipped commercial kitchen, and a spacious dining area. Two designated parking stalls are included. Financial statements are available to qualified buyers upon signing a Confidentiality Agreement (NDA). Please do not approach staff or discuss the sale with employees. All showings are by appointment only through the listing agent.
Listing Area:
Saskatoon
Listing Subarea:
City Park
Property Type:
Commercial
Property Sub Type:
Retail
Year built:
2012 (Age: 14)
Total Floor Area:
3,340 sq. ft.
Ownership Title:
Leasehold
Business Type:
Restraunt
Elevator:
None
Assets Include:
Equipment & Machinery, Fixtures, Goodwill, Leasehold Improvements, Parking, Trade Name
Retail Size:
1,587 sq. ft.
Heating:
Air Conditioning, Floor Model Furnace, Hot Water, Roof Top H/Vac
Alarm System Owned, Floor Drains, Onsite Parking
Parking Facility: Yes
Occupancy:
Tenant
Power Type:
Single Phase
Amps:
220
Volts:
110
Parking Places:
2.0
Date Listed:
Days on Mkt:
  • Photo 1: 489 N 2nd Avenue in Saskatoon: City Park Commercial for sale : MLS®# SK043148
    Photo 1 of 1
Listed by Royal LePage Varsity
Data was last updated July 21, 2026 at 09:35 AM (UTC)
Area Statistics
Listings on market:
81
Avg list price:
$249,000
Min list price:
$12,000
Max list price:
$3,500,000
Avg days on market:
96
Min days on market:
1
Max days on market:
342
Avg price per sq.ft.:
$102.57
These statistics are generated based on the current listing's property type and located in Saskatoon. Average values are derived using median calculations. This data is not produced by the MLS® system.
Richard Reimer
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
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MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.