Run the numbers rather than the story. Take the achievable rent, subtract property taxes, insurance, utilities the landlord covers, maintenance, a management allowance and a vacancy allowance, and compare the result against the purchase price. In a neighbourhood where the entry price is well above the city benchmark, that calculation frequently comes out behind an equivalent investment in an older, cheaper area with similar rent.
The offsetting arguments are tenant quality, stability and capital growth. Briarwood attracts long term family tenants with a school inside the neighbourhood and Briarwood Lake and its paths as the centrepiece, and vacancy tends to be low. Tenancies run under The Residential Tenancies Act, 2006, and a stable multi-year tenant in a well kept home carries real value that a spreadsheet yield does not capture.
Check the legal position before assuming a suite is income. Zoning and secondary suite permissions are confirmed with the City of Saskatoon, and rent from an unpermitted suite is credited at nothing by lenders and may affect insurance. Budget $400 to $600 for an inspection and $800 to $1,500 in legal fees, and get the property valued properly before you pay a premium for it.