Financing and rules run through The Residential Tenancies Act, 2006 for whatever tenancy is already in place, and a buyer inherits the leases and rent levels that come with the building, so a below-market rent locked in for another year is effectively part of what's being purchased alongside the property itself.
Cash flow needs a real budget behind it, not a rough guess. Twelve months of operating expenses, a realistic vacancy allowance, a home inspection typically $400 to $600, and legal fees of $800 to $1,500 to close through a Saskatchewan lawyer all belong in the numbers before an offer goes in.
The deferred maintenance and unpermitted work on an older two-family home is exactly what public records miss, which is where Joel Dyck's hand-reviewed valuation earns its keep. Get your hand-reviewed valuation from Joel Dyck.