Confirm the City of Saskatoon's zoning for the specific lot first, since University Heights is a family-suburb sector and not every property there is zoned for a multi-unit conversion just because the area has grown quickly.
For any suite, check the permit record for egress windows, ceiling height and fire separation, since a lender or appraiser will not count that space's income without it, no matter how well it is finished.
Joel Dyck confirms zoning and permit status before pricing anything in University Heights described as multi-family. Get your hand-reviewed valuation from Joel Dyck.