Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Is a two-family house in Mayfair a good investment in 2026?

A two-family house in Mayfair can work as a 2026 investment, but the deciding factor is whether the second unit is a legal, permitted secondary suite under City of Saskatoon rules, since only permitted income gets recognized by a lender when the numbers are run.

Mayfair is a northwest, close-to-downtown neighbourhood, and the buyer pool for a two-family there tends to include owner-occupants chasing mortgage-helper income alongside pure investors, which affects both the asking price and how fast a listing moves relative to the Saskatchewan REALTORS Association's citywide benchmark of $444,700.

A 20 percent down payment applies if the purchase is a straight rental rather than an owner-occupied home with a rented second unit, and either way a lender will want the suite's permit on file before crediting a dollar of that income toward the mortgage.

The permit, not the square footage, is what turns a Mayfair two-family into a financeable 2026 investment. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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