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Saskatoon · Single Family · under $575,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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1516 Edward AVENUE N
Welcome to 1516 Edward Avenue, a beautifully maintained two-storey home nestled in the heart of one of Saskatoon's most sought-after neighbourhoods Nutana Park. Built in 2014, this spacious 1,322 sq. ft. home offers 4 bedrooms, 3 bathrooms, a fully developed basement, and the perfect blend of modern living in an established, family-friendly community. The bright and inviting main floor is designed for everyday living and effortless entertaining. The spacious living room flows seamlessly into the dining area and well-appointed kitchen, where you'll find ample cabinetry, a sit up island, and plenty of workspace for preparing meals or gathering with family and friends. Whether you're hosting guests or enjoying a quiet evening at home, this functional open-concept layout is sure to impress. Upstairs, you'll find three bedrooms, including a spacious primary retreat, along with a full bathroom to comfortably accommodate the family. The fully developed basement expands your living space with a large family room, a fourth bedroom, and an additional bathroom, making it an ideal setup for teenagers, overnight guests, or suite potential with the side entrance. Outside, you'll appreciate the single detached garage and enjoy living in one of Saskatoon's most desirable mature neighbourhoods. Situated beside École St. Paul School and just a short walk to the South Saskatchewan River and its picturesque walking trails, this location offers an exceptional lifestyle. Mature trees, quiet streets, nearby parks, schools, and convenient access to everyday amenities make Nutana Park one of the city's most cherished places to call home. Don't miss your opportunity to own a newer home in an established neighbourhood that truly offers the best of both worlds. Contact your favourite REALTOR® today to book your private showing. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.6 × 11 feet | |
| 3pc Bathroom | — | |
| Bedroom | 8.11 × 12.8 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 15 × 15 feet | |
| Dining room | 7.1 × 7.11 feet | |
| Kitchen | 9.2 × 13.5 feet | |
| 2pc Bathroom | — |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.4 × 12.6 feet | |
| Bedroom | 8.8 × 9.4 feet | |
| Bedroom | 8.8 × 9.3 feet | |
| 4pc 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
-1.23%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,237
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 9, 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.