From there, Joel documents the improvements and the income unit's condition and legality, then builds a comparative market analysis against Nutana properties that actually sold recently, rather than starting from the Saskatchewan REALTORS Association's citywide benchmark of $444,700 and adjusting blindly.
Nutana's older mechanical systems and walkable, tree-lined streets both factor into that analysis, since buyers here accept some dated infrastructure in exchange for the architecture and location, which changes how much weight condition carries versus the suite's income.
You get the valuation in writing, and what happens next, list, hold or refinance, is entirely your call. Get your hand-reviewed valuation from Joel Dyck.