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Saskatoon · Single Family · under $400,000 · 5+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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1340 E AVENUE N
A legal suite. A 60-foot lot. Over 1,400 sq. ft. above grade. This is the kind of opportunity buyers wait for. Welcome to 1340 Avenue E North in Mayfair, perfectly situated on a quiet street directly across from the park and school, giving you open views and no neighbours across the front. The main home offers over 1,400 sq. ft. with a spacious, functional layout that's ideal for families. A large front foyer welcomes you into a bright living room, generous dining area with patio doors to the backyard, and an oversized kitchen featuring updated cabinetry, plenty of workspace, and convenient main-floor laundry. Two bedrooms and a full bathroom complete the main level, while two additional oversized bedrooms are tucked away above the garage, creating a unique layout with plenty of privacy. Fresh paint, laminate flooring, and thoughtful updates throughout make this home completely move-in ready. Downstairs, the fully self-contained LEGAL two-bedroom basement suite has its own private entrance, separate laundry, updated kitchen, spacious living and dining areas, and two generously sized bedrooms, making it an excellent mortgage helper or income-producing rental. Outside, you'll find a single attached garage, an impressive 60-foot lot, and a huge backyard with room for kids, pets, entertaining, or future possibilities. Whether you're looking to live upstairs and have the basement suite help pay the mortgage, add a solid revenue property to your portfolio, or invest in a home that offers exceptional flexibility, this one deserves a spot at the top of your list. Great homes offer space. Smart homes create opportunities. This one does both. Book your showing before someone else does. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 12 × 12 feet | |
| Bedroom | 13 × 12 feet | |
| Bedroom | 11 × 11 feet | |
| 4pc Bathroom | 8 × 6 feet | |
| Kitchen | 10 × 8 feet | |
| Laundry room | 8 × 6 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13 × 12 feet | |
| Dining room | 11 × 11 feet | |
| Kitchen | 12 × 11 feet | |
| 4pc Bathroom | 8 × 6 feet | |
| Bedroom | 10 × 10 feet | |
| Bedroom | 11 × 11 feet |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12 × 12 feet | |
| Bedroom | 12 × 11 feet |
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
17.80%
Cap rate
8.42%
GRM
8.8
Break-even rent
$2,207
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 2, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.