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1320 Lorne AVENUE
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Saskatoon · Single Family · under $475,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Attention homebuyers, investors, and developers! This rare real estate opportunity is perfectly positioned directly across from Buena Vista Elementary School, boasting a massive 58.33 feet of total frontage spread across two separate, developable parcels that are completely independent of one another. Because the 25' north parcel and 33.33' south parcel are not tied together, you can completely bypass the lengthy delays and red tape of the city subdivision approval process. The options here are incredibly versatile: Choose to renovate the existing character home for yourself (we have quotes available) or rent it out for steady income while building a brand-new home right beside it. Alternatively, you can tear the existing structure down to build two premium infill properties, or maximize the footprint entirely as an investor by developing up to a six-unit multi-family project in a high-demand location tenants will absolutely love. Families will also appreciate the quiet, low-speed traffic of the school zone and the unbeatable convenience of watching the kids safely walk right across the street to school. Opportunities with this much zoning flexibility and zero subdivision lag time are few and far between in this desirable neighborhood. Don't let this one pass you by—contact the listing agent for more information. To see, call a REALTOR® to book your private showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| Storage | 8 × 13 feet | |
| Laundry room | — | |
| Other | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12 × 8 feet | |
| Dining room | 11.5 × 11 feet | |
| Family room | 9 × 19 feet | |
| Living room | 10.5 × 15 feet |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 7.1 × 9.5 feet | |
| Bedroom | 12 × 7 feet | |
| Bedroom | 11 × 9.8 feet | |
| 3pc Bathroom | — |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-3.87%
Cap rate
4.09%
GRM
14.9
Break-even rent
$2,692
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 10, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.