Saskatchewan REALTORS Association sold comparables for multi-family properties are also thinner than for single-family homes, since fewer of them trade in a given month, which makes an accurate valuation lean more heavily on rent roll and expenses than on nearby sale prices alone.
The Residential Tenancies Act, 2006 governs any existing leases you inherit with the building, and a legal, permitted unit is worth far more to a lender and to a future buyer than an unpermitted one, even when the unpermitted space looks identical from the inside.
A multi-family purchase in Saskatoon is priced on cash flow and legality as much as on square footage, which is exactly where a hand-reviewed number matters most. Get your hand-reviewed valuation from Joel Dyck.