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1704 Preston AVENUE S
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Saskatoon · Single Family · under $475,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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New listing at 1704 Preston Avenue South, featuring exceptional value and income potential. Blending timeless mid-century charm with thoughtful upgrades, this home offers an opportunity for first-time buyers, investors, or anyone looking to offset their mortgage with rental income. Nestled in the mature, family-friendly Holliston neighborhood close to schools, parks and 8th Street amenities. Freshly painted cedar siding enhances the curb appeal, while the tree-lined street and clean-line landscaping create a welcoming atmosphere. Situated on an impressive 50' x 143' lot, the backyard offers rare space to enjoy, with plenty of room for gardening, or the future garage you've been dreaming of with alley access. Inside, the bright and inviting main floor has been tastefully updated with durable vinyl plank flooring, and fresh paint throughout. A large picture window fills the spacious living room with natural light. The original kitchen has been well maintained and offers excellent functionality, complete with a generous eat-in dining area. Three good sized bedrooms are tucked away from the main living spaces, while the beautifully renovated bathroom features stylish hexagon tile flooring and fresh contemporary finishes. The lower level provides excellent flexibility with a well-designed two-bedroom non-conforming suite, ideal as a mortgage helper or accommodation for extended family. A clean, shared laundry area with included washer, dryer, and freezer separates the spaces. This move-in ready home comes complete with all appliances and several major updates already taken care of, including a newer furnace (2023), shingles (2021), and central air conditioning (2024) for added comfort and peace of mind. Affordable, updated, and offering excellent potential, this is a fantastic opportunity to own a turn-key property. Call your REALTOR® today to book your private showing. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 10'04 x 9'01 | |
| Family room | 12' x 15' | |
| Dining room | 10'08 x 8'08 | |
| Kitchen | 10'04 x 8'08 | |
| 4pc Bathroom | 4'08 x 8'01 | |
| Bedroom | 10' x 10'04 | |
| Bedroom | 10' x 10'01 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13'07 x 16'07 | |
| Kitchen | 10'07 x 16'08 | |
| Bedroom | 9'04 x 10'01 | |
| Bedroom | 9'11 x 11'01 | |
| Bedroom | 11'08 x 10'08 | |
| 4pc Bathroom | 4'08 x 10'07 |
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
7.57%
Cap rate
6.38%
GRM
11.0
Break-even rent
$2,723
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 30, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
660 m away
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4.7★ · 38 reviews
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540 m away
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2.1 km away
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