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1603 Edward AVENUE
Beds
4
Baths
4
Sqft
1,548
Year
2020
Type
Single Family
On market
28d
Welcome to 1603 Edward Avenue, located in the desirable neighbourhood of North Park. This home is situated directly across from École St. Paul Elementary and just a short walk to the river. Built with sustainability and efficiency in mind, this home was structurally designed using a double-wall construction system to significantly reduce energy loss compared to standard-built homes. The property is also set up for the future addition of solar panels to help achieve NetZero energy use. Notable features include fiberglass shingles, triple-pane windows, and extra-thick walls for enhanced energy efficiency and comfort. The main floor features an extremely efficient and functional kitchen, stylish 2-piece bathroom, and excellent storage at both the front and rear entries. Upstairs you will find three functional bedrooms, a well-appointed laundry room, a 4-piece common bathroom, and a stylish, luxurious ensuite off the primary bedroom. The primary suite is highlighted by soaring 12-foot vaulted ceilings that continue into the luxurious ensuite, creating a bright and spacious atmosphere. The style and functionality of this home are truly exemplary. The fully legal one-bedroom basement suite is heated with in-floor heat (in the suite only) and is equipped with its own separate power meter. The heated and insulated double detached garage offers extensive wall and ceiling storage along with spray foam insulation for additional efficiency and usability. The west-facing rear yard is designed for enjoyment with a beautiful deck, natural gas BBQ hookup, and excellent afternoon sun exposure. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen/Dining room | 7 × 11.1 feet | |
| Living room | 14.9 × 10.7 feet | |
| 4pc Bathroom | X x X | |
| Bedroom | 12.11 × 11.1 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.5 × 13.7 feet | |
| Dining room | 8 × 10 feet | |
| Kitchen | 14.2 × 13.1 feet | |
| 2pc Bathroom | X x X | |
| Mud room | 8.4 × 6.6 feet |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 13.9 × 13.6 feet | |
| 4pc Ensuite bath | X x X | |
| 4pc Bathroom | X x X | |
| Bedroom | 9.11 × 13.1 feet | |
| Bedroom | 9.7 × 9.8 feet | |
| Laundry room | X x X |
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
-1.03%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,996
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 5, 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.