The permit file matters more than the finish. A lender will only credit rental income from a unit the City of Saskatoon has permitted, so an attractive but unpermitted suite contributes little to appraised value even while it is generating rent today.
Net operating income, not the rent roll alone, is the number that supports a price. Subtract property taxes, insurance, utilities not covered by tenants and a realistic vacancy allowance from gross rent, and compare what remains to what similar income properties have recently sold for.
Existing tenancies carry over under the Residential Tenancies Act, 2006, so those agreements need to be part of the file a buyer's lawyer reviews before closing. Get your hand-reviewed valuation from Joel Dyck.