The Saskatchewan REALTORS Association benchmark for Saskatoon sits at $444,700, and University Heights properties suited to rental income, particularly older homes with a legal secondary suite, can trade above or below that depending on condition and suite legality. A property with a permitted basement suite documented with the City of Saskatoon carries less risk than one where the suite's status is unclear.
Return on an income property depends on the numbers behind the address: purchase price, expected rent, property tax, insurance and maintenance on a home that may be decades old. University Heights' location supports demand, but it does not guarantee the specific property pencils out.
Joel Dyck's hand-reviewed valuation looks at the actual condition and suite status of a University Heights property, not just its distance from campus. Get your hand-reviewed valuation from Joel Dyck.