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Reduced $7,900 (3%) from $304,900
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A 1014 Colony STREET
Beds
3
Baths
2
Sqft
1,151
Year
1987
Type
Single Family
On market
26d
Welcome to 1014 Colony Street unit A in charming Varsity View. This street facing top floor coach home style apartment offers the convenience of condo living without the feel of a traditional apartment building — no shared hallways, easier access, and a more private, home-like feel. Featuring 3 bedrooms, 2 bathrooms, and 2 parking stalls, this is an excellent opportunity for students, professionals, first time buyers, or anyone looking to enjoy one of Saskatoon’s most sought after neighbourhoods. The layout offers functional living space with room for roommates, guests, or a home office setup, while the top floor location provides added privacy and a quieter living experience. Updated kitchen, appliances and decor await your final touches. Situated only steps away from President Murray Park and just minutes from the University of Saskatchewan, Royal University Hospital, the river, downtown, and Broadway, Varsity View continues to be one of the city’s most desirable areas thanks to its walkability, mature tree lined streets, and access to local amenities. Whether you are looking for a place to call home or an investment opportunity in a prime location, this property offers outstanding potential in an exceptional neighbourhood. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 5'9 | |
| Kitchen | 9 × 9 feet | |
| Dining room | 11'6 x 9'9 | |
| Living room | 15'6 | |
| Primary Bedroom | 12'6 | |
| Bedroom | 9'3 | |
| Bedroom | 12'9 x 8'9 | |
| 4pc Bathroom | — | |
| 2pc Bathroom | — | |
| 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
9.87%
Cap rate
6.84%
GRM
10.3
Break-even rent
$1,886
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 9, 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.
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