Ritchie Bros. Auctioneers Unreserved Real Estate Auction
  • Front View - Saskatoon, SK Apartment Building - Ritchie Bros. Auctioneers
  • Side View - Saskatoon, SK Apartment Building - Ritchie Bros. Auctioneers

Saskatoon, Saskatchewan, Canada

This property will sell in the Edmonton, AB, Canada auction on Sept 7, 2006, at approximately 11:00 am (local time).

VICTORIA, BC BIDDERS: Bidders can view the auction and bid live and in real time on auction day at the Fairmont Empress Hotel (721 Government Street) in Victoria, BC. Please register by 9:00 am (Victoria time) on auction day.

Address: 355 Avenue T South, Saskatoon, SK, Canada
Legal Description: Lots 32-34, Block 19, Plan No. G4995

Property Viewing: August 12 & 26 from 1 – 4 pm, August 13 & 27 from 9 am – 12 pm

Property Details:

  • 3 1/2 storey walk up apartment building
  • 16 Suite (7 – 2 bedrooms, 9- 1 bedrooms)
  • Site area 10,484 +/- sf
  • Improvements 11,660 +/- sf
  • Zoning RM3 - Medium density multiple unit dwelling

Additional Notes:

Contact representative for viewing of property.

All measurements are approximate and must be verified by the buyer prior to the auction.

Documents
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For more information contact:

Kieran Holm

Sales Development Manager – Richmond, BC
Ritchie Bros. Real Estate Services Ltd., BC License #X028512
Phone: 604.838.1310
Email: kholm@rbauction.com

Real estate in AB is administered by All Peace Realty
Real Estate in SK is administered by Sutton Group Results Realty, Bob Young

Unreserved Real Estate Auction - Terms and Conditions
The following terms and conditions form an integral part of the Terms of Bidding and Sale. Should these terms disagree with the Terms of Bidding and Sale stated on the reverse of the Bidder’s Registration Agreement and on the inside cover of the Listing Catalog, these terms shall supercede those stated terms and will apply to all sales of Real Property and to sales of Real Property alone.
  1. UNRESERVED AUCTION. The Property shall be sold to the highest bidder regardless of price at unreserved public auction. The sale shall not be subject to any minimum bid or reserve price.
  2. AGREEMENT OF PURCHASE AND SALE. The purchaser shall execute an Agreement of Purchase and Sale, in the form provided by the Auctioneer, without modification, immediately after being declared the high bidder.
  3. DEPOSIT. The purchaser shall submit a NON-REFUNDABLE Deposit to the appointed Escrow Agent in the amount of 25% of the Purchase Price immediately after being declared the high bidder. The balance of the Purchase Price shall be paid at or before Closing.
  4. CLOSING. Completion and closing of all real estate transactions will be handled by a qualified Escrow Agent appointed by the Seller and the Auctioneer. Closing will take place on the date that is 30 days after the date of the auction, or such other date as may be mutually agreed by the parties.
  5. ESCROW AGENT. All deposit, earnest and purchase monies in respect of the Property shall be paid to and deposited with the appointed Escrow Agent.
  6. POSSESSION. Purchaser will receive vacant possession on the date of Closing.
  7. CASH SALE. This is a cash sale and is not contingent on purchaser's ability to obtain financing.
  8. AS-IS SALE. The Purchaser shall accept the Property in an “as-is” condition as of the closing date and the Purchaser specifically agrees that neither the Seller nor the Auctioneer makes any representations or warranties of any kind whatsoever, expressed or implied, to the Purchaser as to the condition or fitness of the Property, environmental or otherwise, or any improvements thereon. All descriptions, measurements and acreage provided by the Seller and the Auctioneer are to be used as a guide only. The Purchaser shall have satisfied himself as to the location and condition of the Property, and all descriptions with respect thereto, prior to bidding.
  9. AGENT OF SELLER. The Auctioneer is acting as an agent of the Seller only, and not as an agent of the Purchaser or a dual agent.
  10. TAXES. Applicable Federal, Provincial or State taxes must be paid by the Purchaser in addition to the purchase price.
  11. PERSONAL PROPERTY. No personal property shall be conveyed with the Property unless specifically included in the purchase agreement.