Permit status decides how much of that value actually counts. A basement development permit through the City of Saskatoon means the work is on file and an appraiser or a lender can credit the space with confidence, while unpermitted work leaves no record anywhere and gets priced as though it barely exists, no matter how finished it looks.
Condition matters as much as finish quality in this climate. A foundation without movement, a working backwater valve, a sump pit with backup power and a heating system that actually reaches the lower level all support the value of the space, while any history of water intrusion discounts it regardless of how new the flooring is.
Joel Dyck walks the basement in person and prices the development against comparable sales that included similar work, rather than guessing from square footage alone. Get your hand-reviewed valuation from Joel Dyck.