FRASER PROPERTIES II LIMITED PARTNERSHIP
3027 Millar Avenue & 2233 Speers Avenue, Saskatoon, SK.
83
Total Units
$24,700
Investment Per Unit
$12,370
Initial Write-Off
$5,000
Targeted Net Rental Revenue After Debt Repayment
15 Year
Anticipated Mortgage Payout
Property Overview
Fraser II Limited Partnership is a light industrial real estate investment opportunity located in two of Saskatoon’s low vacancy neighbourhoods: Hudson Bay and Airport Industrial.
The syndication features two separate buildings with direct access to major transportation routes, making them highly functional and attractive to small and mid-sized industrial tenants.
Demand for these types of light-industrial properties remain in high demand as small businesses prioritize practical, accessible, and cost-effective industrial spaces. At the same time, ongoing industrial expansion in Saskatoon is placing downward pressure on vacancy rates, further strengthening leasing fundamentals and creating landlord favourable conditions.
Fraser II is well positioned to benefit from this growth through diversified tenancy and active, hands-on management. With a focus on flexibility and functional industrial space, the partnership is designed to support high occupancy and operational efficiency as demand continues to rise for Saskatchewan-based commodities worldwide.
Much like our other syndications, investors can benefit from significant up-front tax advantages, net rental revenue upon debt retirement, and long-term appreciation as the city and surrounding area continue to grow at a strong rate.
Your Investor Support Resource
Francis D'Amato
Registered Dealing Representative
Invest alongside experience
Partner with Professionals
Since 1981, The Millennium III Group of Companies has been serving investors, returning over $100 million in distributions over the past 20 years.
From sourcing and syndication to asset management and long-term execution, every step is guided by discipline and proven expertise across multiple market cycles. Instead of navigating the complexities of commercial real estate on your own, you gain access to a team focused on growing your wealth over time while optimizing your tax position today.
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.