Welcome to the City Park Neighbourhood of Saskatoon

Development here began in the 1900’s but the majority of the homes in the neighbourhood were constructed after 1945. City Park is one of Saskatoon’s oldest neighbourhoods, but today you’ll notice a number of newer modern homes springing up and major renovations taking place, due to the age of the existing homes. Somehow, City Park has retained its character despite the refreshing that the neighbourhood will continue to undergo over the next years. City Park is home to over 4,400 residents.

The location of the neighbourhood is ideal; with close proximity to the river, Meewasin trails along Spadina, the CPR bridge, the Weir, and acres upon acres of public parks and playgrounds including the Mendel Park Site and Kinsmen Park. You’ll also find a water park, spaces for baseball and soccer, cross-country ski trails and the beautiful mature trees that line every street. You’ll also find City Hospital and multiple businesses along 7^th Avenue and Princess Street, as well as access to the Prairie Lily.

The apartments in the area make for a great home for students attending the University of Saskatchewan, with the Campus being just up the University Bridge and College Drive.

There are no elementary schools in the neighbourhood, but busses shuttle children to Ecole St. Paul and North Park Wilson School lo the North Park neighbourhood. City Park Collegiate is the only high school in the area.

HOMES FOR SALE IN CITY PARK SASKATOON

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489 N 2nd Avenue

City Park Saskatoon S7K 2C1

$149,900

Commercial

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• Details
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Status:

Active

Prop. Type:

Commercial

MLS® Num:

SK043148

Bus Major:

Restraunt

• Photos (43)

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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.

General Info:

Listing Area:

Saskatoon

Listing Subarea:

City Park

Property Type:

Commercial

Property Sub Type:

Business Brokerage

Year built:

2012 (Age: 14)

Total Floor Area:

3,340 sq. ft.310 m2

Additional Info:

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.147 m2

Heating:

Air Conditioning, Floor Model Furnace, Hot Water, Roof Top H/Vac

Amenities:

Alarm System Owned, Floor Drains, Onsite Parking

Additional Features:

Parking Facility: Yes

Other Details:

Occupancy:

Tenant

Power Type:

Single Phase

Amps:

220

Volts:

110

Land Info:

Parking Places:

2.0

Listing Info:

Date Listed:

Signup

Days on Mkt:

Signup

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Listed by Royal LePage Varsity

Data was last updated August 29, 2026 at 05:35 AM (UTC)

Area Statistics

Listings on market:

86

Avg list price:

$314,950

Min list price:

$25,000

Max list price:

$7,880,000

Avg days on market:

115

Min days on market:

1

Max days on market:

343

Avg price per sq.ft.:

$123.01

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.

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• MICHELLE BUTLER
• ROYAL LEPAGE SASKATOON REAL ESTATE
• 1 (306) 491-7725
• michelle@michellebutler.ca

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