The renter pool in Nutana skews toward people who value the location, the walk to restaurants and shops, and the river pathway system, which tends to produce longer tenancies than a purely price-driven rental market would. That steadiness is worth more to a landlord than a slightly higher rent in a less stable area.
The tradeoff is the housing stock's age. Homes from the early 1900s often carry original mechanical systems, and a rental unit takes more wear than an owner-occupied one, so budget for maintenance accordingly and get a full inspection before you close, not after a tenant moves in.
Get your hand-reviewed valuation from Joel Dyck.