Fraser Properties Limited Partnership
3027 Millar Ave & 2233 Speers Ave, Saskatoon, SK.
The Millennium III Group of Companies is thrilled to announce the launch of our 56th commercial real estate project “The Enterprise Group II” in our home province of Saskatchewan.
Building Details
- 31,075 sq ft (Total Leasable)
- Light Industrial & Commercial
- 2 Industrial Properties
- Saskatoon, SK
- Tax Advantages
Property Highlights
- High demand neighbourhoods
- Low city-wide industrial vacancy rate
- 10 Tenants
- 100% Leased
- Hudson Bay & Airport Industrial
Per Unit:
$ 24,700
About Property
Fraser Properties Limited Partnership features two well located industrial assets in Saskatoon’s strongest commercial corridors on Millar Avenue and Speers Avenue. These properties benefit from low industrial vacancy, strong tenant demand and limited new construction across the city. With stable occupancy, growing rental rates and long term economic drivers supporting the Saskatoon market, Fraser Properties offers a reliable, income producing investment positioned for steady future growth.
About Neighbourhood
The Fraser Properties are located in two of Saskatoon’s most established and sought after industrial neighbourhoods, Hudson Bay Industrial and Airport Industrial. These areas serve as key logistics and service hubs for the city with direct access to major transportation routes, strong traffic flow and proximity to commercial services. Both neighbourhoods continue to experience low vacancy, consistent tenant demand and long term stability driven by Saskatoon’s expanding economy, making them prime locations for long-term industrial investment.
Investment Documents
108
Total Units
$24,700
Investment Per Unit
$12,010
Initial Write-Off
$5,000
Targeted Net Rental Revenue After Debt Repayment
15 Year
Anticipated Mortgage Payout
Aerial Footage
Experience a full aerial view of The Enterprise Group II with our high-quality drone footage. The video highlights the site’s strategic location, strong access points, and surrounding commercial growth, giving investors a clear sense of the scale and long-term potential of this project.
Fraser Properties Limited Partnership
Photo Gallery
Saskatchewan Highlights
Population Growth
As of July 1, 2024, Saskatchewan’s population was estimated to be 1,239,865 with an annual growth of 30,558 persons.
https://dashboard.saskatchewan.ca/people-community
Trade & Exports
In 2024, Saskatchewan achieved its third-highest export year on record, with a total export value of $45.4 billion to 161 countries.
https://www.saskatchewan.ca/-/media/news-release-
backgrounders/2025/may/state-of-trade-2024-4577.pdf
Critical Minerals
Saskatchewan is the world’s largest producer of potash and second largest producer of uranium
https://dashboard.saskatchewan.ca/business-economy
Investment
In 2024, capital investment in Saskatchewan is expected to be at $19.6B, a 14.4% increase from 2023.
https://dashboard.saskatchewan.ca/
Saskatoon Highlights
Population
Saskatoon is experiencing its fastest growth in over a century, adding more than 26,000 residents in just two years, and reaching an estimated population of 308,000 in 2024.
Labour
The city’s labour market was ranked first in Canada by BMO Capital Markets.
Agriculture
As Canada’s largest exporter of agri-food products, the Region produces over two-fifths of the world’s durum wheat exports, one-third of the world’s peas and oats, and more than half of the world’s lentils.
Mining
Saskatoon is home to North America’s first fully integrated Rare Earth Processing Facility.
MILLAR NORTH BUILDING
Location
Hudson Bay Industrial is a major industrial and retail subdivision in the northwest part of Saskatoon, bounded roughly by 51st and 60th Streets. t features a mix of light and heavy-industrial zoning, modern warehouses, and office space, with easy access to major arterials such as Millar ave.
High Demand
Saskatoon’s industrial market is one of the tightest in the country, with very little serviceable land left in the city and high construction costs continue to push rental rates further. Colliers’ Q3 2025 Industrial Market Report shows Hudson Bay at a vacancy rate of 3.2%.
Colliers – Q3 2025 Saskatoon Industrial Market Report
Convenient Access
Conveniently accessed by key arterial routes of Millar Ave and 51st Street.
Mixed Use
Neighbourhood characterized by a mix of commercial, light and heavy industrial properties. The property is highly versatile with a wide range of commercial uses.
THE SPEERS BUILDING
Location
The Airport Industrial area is a light-industrial and business park located just south of the John G. Diefenbaker International Airport, within the city’s North Industrial Sector.
High Demand
Airport Industrial is hub of industrial and commercial activity. According to Colliers Q3 2025 Market Report, the neighbourhood has a vacancy rate of 2.4%
Colliers – Q3 2025 Saskatoon Industrial Market Report
Convenient Access
Conveniently accessed by key arterial routes of Idylwld Drive, Circle Drive and Airport Drive.
Mixed Use
Zoned primarily for light industrial (IL1). The property appeals to a wide range of commercial uses with a large fenced compound, office space, and large shop.
Let’s connect
Partner with Professionals
Whether you’re exploring investment opportunities or just want to learn more, we’re here to help. Schedule a quick introduction call and see how we can align with your financial goals.