Saskatchewan REALTORS Association figures show the citywide benchmark at $444,700, and a two-family property usually costs more upfront than a comparable single-family home, so the rental income needs to justify the higher purchase price and the added responsibility of being a landlord.
Being a landlord comes with real obligations under Saskatchewan's Residential Tenancies Act, from handling a tenant's deposit to following the rules for entry and notice, which is a different skill set than simply owning a house. A first-time buyer taking this on for the first time should budget time for that role, not only money.
If the numbers work and you are comfortable with the tenant relationship, a two-family purchase can meaningfully lower your real monthly cost of ownership.
Get your hand-reviewed valuation from Joel Dyck.