Buyers who pay full value for an investment property are financing it as one, and a lender wants a clean rent roll, confirmed suite legality with the City of Saskatoon, and expenses that match what the building actually costs to run. A property that cannot be financed cleanly gets discounted regardless of its condition.
Condition still matters on top of the income story. A recent roof, furnace and panel, paired with a $400 to $600 home inspection showing no surprises, lets a buyer underwrite confidently instead of pricing in a discount for the unknown.
The improvements and the paperwork that make a building financeable rarely show up in an online estimate. Get your hand-reviewed valuation from Joel Dyck.