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1418 B AVENUE N
Beds
5
Baths
2
Sqft
1,087
Year
1998
Type
Single Family
On market
21d
Great investment opportunity in Mayfair! This 1,087 sq. ft. bi-level was built in 1998 and has been an excellent rental property since the current owners purchased it in 1999. The main floor offers a bright and sunny three-bedroom suite with large windows throughout. The spacious living room features west-facing exposure, while the kitchen and dining area overlook the east-facing backyard and provide garden door access to the deck. The main floor also includes three bedrooms, a convenient hall closet laundry area, and a four-piece bathroom with dual access, including a private entry from the primary bedroom. The basement suite is a bright and cheerful two-bedroom unit with large windows, a four-piece bathroom, and an open-concept kitchen, dining, and living area. The laundry/utility room provides additional storage space, room for a freezer, and there is extra storage under the stairs. The shared backyard is spacious thanks to the 50-foot lot, and there is off-street parking accessible from the back lane for tenants. Great tenants are currently in place on month-to-month agreements and would love to remain in the home and continue renting from the new owner. Stable rental income with an affordable price tag! Check out the 3D VIRTUAL TOUR then Call today for your private showing. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10'3 x 12'4 | |
| Living room | 12'10 x 14'5 | |
| Bedroom | 9'2 x 10'4 | |
| Bedroom | 11'3 x 12'8 | |
| 4pc Bathroom | 4'11 x 10'9 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13'2 | |
| Kitchen | 10'6 x 14'11 | |
| Bedroom | 10 × 10 feet | |
| Bedroom | 10'11 | |
| Bedroom | 12'3 | |
| 4pc Bathroom | 5'6 x 6'11 | |
| Laundry room | 2'10 x 4'11 |
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
11.27%
Cap rate
7.12%
GRM
10.1
Break-even rent
$2,510
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 May 25, 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.