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Silverwood Heights, Saskatoon, Saskatchewan Real Estate and Homes for Sale

Silverwood Heights, Saskatoon, Saskatchewan Real Estate and Homes for Sale

Silverwood Heights is a mostly residential neighbourhood located in north-central Saskatoon, Saskatchewan, Canada. It is a suburban subdivision, composed mostly of single detached dwellings and some multiple-unit apartment and semi-detached dwellings. As of 2009, the area is home to 10,786 residents. The neighbourhood is considered a middle to high-income area, with an average family income of $93,772, an average dwelling value of $324,547 and a home ownership rate of 78.8%. By land area and population, Silverwood Heights is the largest subdivision in Saskatoon.The land that is now occupied by Silverwood Heights was originally owned by a number of parties. They included an 1891 grant to the Temperance Colonization Society, who established the first permanent settlement in the Saskatoon area (Nutana); a farmer from Great Britain, John Malcolm Mark, who obtained land for a homestead in 1900; and Cleeve W. Taylor, another homesteader.William Alexander "Billy" Silverwood arrived in Saskatoon from Ontario in about 1907 and bought land two miles (3 km) north of the city limits. A livestock dealer by occupation, he built a large barn on his land (known as the Silver Springs Farm) to house his horses and cattle. By 1911, he opened the Silverwood Springs bottling plant, using spring water found on his farm. Saskatoon did not yet have a safe drinking water supply, and deaths caused by typhoid fever from contaminated well water were common. Until the city completed its own filtration system, Silverwood's bottled water was a popular commodity.The natural spring water of the Silverwood farm attracted the attention of Robert E. Glass, a businessman from Chicago. He bought 470 acres (1.9 km²) of land from Billy Silverwood, took over his bottling plant and intended to establish a brewery. While the brewery was never built, Glass had even bigger plans. An article in the November 9, 1912 Daily Phoenix newspaper not only announced his purchase of the Silver Springs Farm, but also his intentions to establish an industrial city called "Factoria" on the site. It was promoted as having abundant natural resources - water, limestone, sand and clay - to support a variety of manufacturing ventures.By 1913, several businesses had set up shop in Factoria. They included a flour mill, a farm implement dealer, two brick factories, a hotel and restaurant. A CN Railway spur line had been extended to the site, and there were plans to incorporate as a village and to build a school and post office. However, the business owners were unable to pay for electricity to be supplied to the site, and by 1914 the economic picture turned sour. Outside capital (mainly from Britain) that fueled the prewar boom had evaporated in the lead-up to World War I. Banks responded by putting a freeze on credit, which severely curtailed investment.

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