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

What should an investor check before buying in Fairhaven?

An investor buying in Fairhaven should confirm the property's zoning with the City of Saskatoon, check whether any secondary suite was permitted, and verify actual rent rolls rather than a listing's stated income, the same diligence that applies anywhere in Saskatoon regardless of the 1.63 months of supply citywide.

Zoning and permit status are the two facts a listing photo cannot show you. Call the City of Saskatoon's planning department directly and ask what the lot is zoned for and whether any building permits are on file for the address, before you assume the current use is legal.

Get the lease agreements, not a verbal rent number, and check them against bank statements or a rent roll if the property already has tenants. An investor who buys on a projected rent that was never actually collected is buying a number, not a property.

A home inspection, typically $400 to $600, catches structural and mechanical issues before financing closes, which matters just as much on a rental purchase as on a home you plan to live in. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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