Lakeview was built out through the 1970s and 1980s around the Lakewood Civic Centre, with larger family homes, established trees and schools within walking distance, which is why it is a common landing spot for move-up buyers rather than investors, and that shapes who the realistic buyer is for an income unit there.
Whether the suite is legal still decides whether a lender will credit its rent at all, and the City of Saskatoon's permit file is the first thing worth checking before assuming a basement suite adds the value an owner expects.
Joel Dyck prices a Lakeview income property against the right, narrower comparable set and confirms permit status before quoting a number. Get your hand-reviewed valuation from Joel Dyck.