Older mechanical systems and roofing are the main cost variable here, since a house built decades ago is more likely to need a furnace, shingles or windows replaced sooner than newer construction elsewhere in the city. That maintenance timeline belongs in the purchase price math, not treated as a surprise later.
A lender will still require roughly 20 percent down on a non-owner-occupied purchase in Lakeview the same as anywhere else in Saskatoon, and a pre-purchase home inspection, typically $400 to $600, is the way to price the age-related risk before committing to a number.
Established family homes like these tend to attract long-term tenants once the mechanical risk is priced correctly. Get your hand-reviewed valuation from Joel Dyck.