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1308 Preston AVENUE S
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Beds
5
Baths
2
Sqft
1,113
Year
1959
Type
Single Family
On market
103d
Open house : Saturday & Sunday (June 6 & 7) 3:30-5:30pm Great investment/good revenue property in Holliston community! The recent rental to a whole family is $3400/month and just is vacant for the for sale and easy to show. The main floor also can be registered and used as a massage business. The two bedrooms +one bathroom basement has its own kitchen and laundry set with separate entrance. Total two sets of washer and dryer. property features with a front width 60sqft and length 143sqft rectangular big lot. The property has quick access to 8 street, many schools and amenities! A new school is built at the back of the property! The property also has commercial use, e.x: home business office. The main floor features with a bright living room, open dining room in the kitchen, three good size bedrooms and a 4-piece of full bath, has a stackable washer and dryer on the main floor as well. The basement comes with its own separate entrance, 2 bedrooms, a den, laundry area, 3-piece bathroom, kitchen and living room, another set of washer and dryer. Great opportunity for the first time buyer and investors! Call for a view! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12'11 x 10'2 | |
| 3pc Bathroom | 5'10 x 5'5 | |
| Kitchen | 6'4 x 11'11 | |
| Laundry room | 5'11 x 4'6 | |
| Family room | 13'0 x 10'11 | |
| Foyer | 3'4 x 11'0 | |
| Bedroom | 10'10 x 11'10 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 10'8 x 3'8 | |
| Living room | 16'11 x 12'4 | |
| Kitchen | 10'7 x 12'4 | |
| Dining room | 7'8 x 10'6 | |
| Bedroom | 10'9 x 10'7 | |
| Bedroom | 9'10 x 10'9 | |
| Bedroom | 14'7 x 11'0 | |
| 4pc Bathroom | 6'4 x 6'6 | |
| Laundry room | — |
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
3.22%
Cap rate
5.51%
GRM
12.2
Break-even rent
$3,026
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 8, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Saskatoon. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.