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Saskatoon · Single Family · under $500,000 · 5+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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1539 E AVENUE N
Welcome to 1539 Avenue E North, a beautifully maintained 1,060 sq. ft. bi-level offering exceptional versatility, modern finishes, and income potential. Situated directly across from a large park featuring playgrounds, ball diamonds, and plenty of green space. The main suite is bright and inviting, with large windows that flood the home with natural light. The spacious living area flows into a stylish kitchen complete with stainless steel appliances, a pantry, eye-catching backsplash, and ample cabinetry. The dining area features a charming built-in bench, creating the perfect space for family meals or entertaining guests. The main floor offers three comfortable bedrooms and a four-piece bathroom, while the lower level includes an additional bedroom and convenient two-piece bathroom, providing flexibility for families, guests, or a home office setup. Each suite has its own laundry, adding convenience and functionality. Adding even more value is the separate two-bedroom legal basement suite. Featuring its own private laundry, four-piece bathroom, and functional layout, it provides an excellent opportunity for mortgage assistance, multi-generational living, or additional rental income. The home’s exterior boasts excellent street appeal with a gorgeous front porch, the perfect place to enjoy your morning coffee or unwind at the end of the day. The fully fenced backyard offers privacy, room for pets or children to play, and two dedicated parking spaces with lots of room for a future garage. Located on a quiet street in a family-friendly neighbourhood, close to parks, schools, amenities, and transit, this property is a fantastic opportunity for homeowners and investors alike. With its attractive design, flexible floor plan, and revenue-generating potential, 1539 Avenue E North is a home you won’t want to miss. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| Bedroom | 7'9 x 9'10 | |
| Laundry room | — | |
| Living room | 10'3 x 13'4 | |
| Dining room | 8'9 x 6'9 | |
| Kitchen | 13'11 x 7' | |
| Laundry room | — | |
| 4pc Bathroom | — | |
| Bedroom | 7'10 x 10'7 | |
| Bedroom | 11' x 9'11 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 6'9 x 3'10 | |
| Primary Bedroom | 11'10 x 9'9 | |
| Bedroom | 9'10 x 9'9 | |
| 4pc Bathroom | — | |
| Bedroom | 9'9 x 11'5 | |
| Kitchen | 8'9 x 15'9 | |
| Living room | 10'6 x 15'10 | |
| Dining room | 7'4 x 9'5 |
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
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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
7.10%
Cap rate
6.28%
GRM
11.1
Break-even rent
$2,752
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 Jun 22, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
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