A secondary suite's value to a lender depends entirely on whether the City of Saskatoon has it on record as permitted, covering egress windows, ceiling height and fire separation. Two nearly identical Lakeridge suites can be worth very different amounts once that record is checked.
If the property is tenanted, the Residential Tenancies Act, 2006 governs the lease the buyer inherits, so a current rent roll and lease copies need to be in the listing package rather than produced after an offer lands. A pre-listing home inspection, typically $400 to $600, also protects against a financing condition falling through late.
Joel prices a Lakeridge investment property from what is verifiably permitted and rented, not from a per-square-foot guess. Get your hand-reviewed valuation from Joel Dyck.