Assemble the paperwork before anyone puts a number on it. That means a current rent roll, the leases themselves, twelve months of operating expenses covering property taxes, insurance, utilities, maintenance and management, and a realistic vacancy allowance. Tenancies in Saskatchewan run under The Residential Tenancies Act, 2006, and the terms in place transfer with the building, so a below market rent locked in for another year is part of what a buyer is purchasing.
Confirm the legal position separately. Zoning and suite compliance are checked with the City of Saskatoon, and income from a suite that is not permitted is not income a lender or an insurer will credit. On an older building, budget $400 to $600 for an inspection and $800 to $1,500 in legal fees to close through a Saskatchewan lawyer, and expect a buyer to underwrite conservatively.
The valuation trap is deferred and undocumented work. Furnaces, roofs, electrical upgrades and unit renovations carried out over the years often never reached a permit file, so public records and online estimates show none of them. Joel Dyck's hand-reviewed valuation separates verifiable income from optimistic income, counts the improvements the records missed and prices the building on what it demonstrably is.