The City of Saskatoon requires a building permit before a secondary suite's income counts toward financing, and in an older neighbourhood like Grosvenor Park, mechanical systems, roofing and suite conversions done over past decades were not always documented, so the permit file matters as much as the listing photos.
Tenancies already in place transfer under The Residential Tenancies Act, 2006, so confirm the current leases and rent levels before assuming a number, and budget a real inspection, typically $400 to $600, plus legal fees of $800 to $1,500 to close, since an older building often carries deferred work a walkthrough alone won't catch.
Joel Dyck's hand-reviewed valuation separates verified rental income from optimistic income and counts the improvements the public record missed. Get your hand-reviewed valuation from Joel Dyck.