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814 20th STREET W
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Beds
—
Baths
—
Sqft
3,049
Year
1912
Type
Business
On market
29d
High Cash Flow Property with Flexible Layout & Heated Garage. Discover a rare high cash-flow investment opportunity located along a prime commercial corridor in Downtown Saskatoon. Zoned B5C Commercial and currently configured for residential rental use, this versatile property offers strong income potential with approximately $3,900/month in rental revenue. The main floor features three rooms previously used for massage/therapy business purposes, plus an additional bedroom and a 3-pc bathroom — ideal for a home-based business setup, professional services, or flexible rental configurations. The second floor offers a comfortable 3-bedroom residential living space complete with its own 3-pc bathroom, kitchen, living room, balcony access to the rear deck, and a separate rear entrance, making it well-suited for rental income or owner occupancy. The flexible multi-room layout provides excellent functionality for investors, multi-tenant occupancy, or owner-users seeking mortgage support through supplemental rental income. Recent improvements totaling approximately $50,000+ help reduce future maintenance concerns while enhancing the property’s overall functionality and rental appeal. Additional features include updated flooring and paint, multiple bedrooms and bathrooms, functional common areas, balcony and patio access, and a spacious heated drive-through garage/shop space measuring approximately 19’ x 29’ — ideal for storage, workshop use, or small business operations. Situated in a high-exposure location with convenient access to major routes, commercial amenities, and transit, this property offers both immediate cash flow potential and long-term upside value. A unique opportunity for investors seeking strong returns and future flexibility in a commercially zoned property. Buyers are advised to verify all measurements, zoning, and intended uses with the City of Saskatoon. (id:65958)
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
-3.87%
Cap rate
4.09%
GRM
14.9
Break-even rent
$2,692
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 3, 2026.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.