A permitted secondary suite, verified through City of Saskatoon building permit records, is worth substantially more than an identical unfinished or unpermitted space, because only permitted income can be underwritten by a lender. Public records and online tools generally cannot see which is which.
Joel also reviews the existing rent roll against the Residential Tenancies Act, 2006 to confirm leases and tenant obligations transfer cleanly, which matters to an investor buyer far more than curb appeal does.
Lakeview's mix of older two- and three-family stock makes this diligence especially worthwhile, since age alone tells you very little about legality on a home built decades before current permit rules.
That combination of permit checking and lease review is what separates a hand-reviewed number from a guess. Get your hand-reviewed valuation from Joel Dyck.