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401 405 5th AVENUE N
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Beds
2
Baths
1
Sqft
980
Year
1984
Type
Single Family
On market
20d
Welcome to Falcon Ridge! This beautiful 2-bedroom plus den South exposed condo is located in a highly desirable high-rise, just steps from the scenic South Saskatchewan River and the iconic Meewasin trails! As a premium South unit, this home features tons of windows that flood the functional layout with natural light while offering enhanced privacy and great views. Perfect for first-time home buyers, investors, young professionals, or couples, this bright property delivers the ultimate downtown lifestyle. A major highlight is the incredibly versatile den, which serves as the ideal home office or study space for those working remotely. Living here means enjoying unmatched urban convenience. You are within walking distance to a vibrant mix of downtown restaurants, trendy coffee shops, grocery stores, and City Hospital, with easy access to public transit for an effortless commute. Whether you want to spend your weekends exploring the nearby walking and biking trails or experiencing Saskatoon's best dining, this downtown Saskatoon condo offers the perfect balance of nature and city living. Don't miss your chance to own a rare South exposed unit in this sought-after riverside high-rise—call your REALTOR® today to book your private viewing! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11'9 x 10'6 | |
| Living room | 16'9 x 14'2 | |
| 4pc Bathroom | — | |
| Bedroom | 12 × 13.3 feet | |
| Bedroom | 10'2 | |
| Den | 10 × 11 feet |
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).
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.
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