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Pleasant Hill land deal nets Patrick Wolfe $1.4 million

Over the past 16 years, Patrick Wolfe quietly purchased a block of decrepit residential properties, one at a time, in the Pleasant Hill area of Saskatoon. A wiser investor may have wondered what the hell he was up to. Few would have ever thought that his investment would be a key component in renewing the Pleasant Hill neighbourhood but last night his plan became clear as Wolfe saw his land sale proposal to the City of Saskatoon move forward in a deal which netted the savvy investor $1.4 million dollars, and a $365,000 donation receipt to boot. City Council approved a deal to purchase 29 properties from Wolfe with the intent to clear the land for use in a Pleasant Hill renewal project which will ultimately include new housing development, a much needed elementary school, some green space, and a possible community group space.


Earlier this month, Mayor Don Atchison, Premier Lorne Calvert, and National Revenue Minister Carol Skelton announced the details of a cooperative initiative between the city, the province and the federal government to begin some much-needed redevelopment in the Pleasant Hill area.  The renewal project will be funded through the Urban Development Agreement with $1.71 million coming from the City of Saskatoon. The province and the federal Department of Western Economic Diversification will each pick up $789,471 of the cost.


Negotiating the purchase of the only three properties on the block which are not owned by Wolfe is underway. Once complete, the wrecking ball will start to swing and some new life will find its way into the Pleasant Hill area.


Let’s hope that this new development provides an opportunity to rejuvenate a community that could really use a boost.


Congratulations Pleasant Hill residents.


Congratulations Mr. Wolfe.


Norm Fisher

Royal Lepage Vidorra

Norm Fisher, Author of the TeamFisher Saskatoon Real Estate Blog

About Norm

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.Less...

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.

Norm is known for his passion for technology and can most often be found exploring and experimenting with the next big thing in real estate marketing. He was the first Saskatoon real estate agent to promote a home online and has been an early adopter of new technologies ever since. “Everything about this business has changed over the past 20 years, and it will happen again in the next ten. An open mind and a curious attitude are all that’s needed to continue to find new ways to serve our clients by delivering a faster, smoother, worry-free transaction,” says Norm.

In his spare time, Norm enjoys Crossfit and cycling, some years accumulating over 2,000 kilometres on the road. He’s a strong supporter of the Royal LePage Shelter Foundation and enjoys raising funds by joining fun, fitness-related initiatives like the Grouse Grind for Shelter. In 2015, he trekked the Peruvian Andes to Machu Picchu. In 2017 he walked the southern highlands of Iceland across mountains, sand, snow, ice, lava fields and forest for seven days. Collectively those initiatives raised over a million dollars for Canadian women's shelters.
 

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