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

Should I sell my Nutana two-family with a tenant in place or deliver it vacant?

In Saskatchewan this is usually called a duplex rather than a two-family, and the answer again comes down to buyer type. An investor buying a Nutana duplex wants the existing tenancy and rent roll intact, since the Residential Tenancies Act, 2006 carries the lease over to them automatically at closing.

A buyer planning to live in one side and rent or use the other themselves usually wants at least that unit delivered vacant, which means ending a tenancy properly under the Act well ahead of your target listing date, not after an offer lands.

The City of Saskatoon's permit status for the second unit also affects the buyer pool. A duplex with a properly permitted secondary suite qualifies for lender financing on the rental income; an unpermitted one narrows your buyers to cash purchasers or those planning renovations, which a $400 to $600 home inspection will usually flag.

Deciding which unit to vacate, if any, should happen before you list, not in reaction to the first offer. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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