Start with what the City of Saskatoon permits on the lot. A house with a legal secondary suite, meaning it cleared inspection for egress windows, ceiling height and fire separation, supports far more rental income on paper than one where a basement was simply finished without a permit, even if the two look identical from the street.
Then confirm the tenancy side. The Residential Tenancies Act, 2006 governs any leases already in place, and a buyer taking on tenants inherits those terms, so a rent roll and lease copies belong in the offer stage, not after possession. A pre-purchase home inspection, typically $400 to $600, matters more here than on an owner-occupied purchase because mechanical failures hit rental income directly.
The number that actually decides whether University Heights works for you is the specific property's documented income and condition, not the neighbourhood's reputation. Get your hand-reviewed valuation from Joel Dyck.