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816 Empress STREET
Beds
4
Baths
2
Sqft
1,360
Year
1954
Type
Single Family
On market
18d
Welcome to this unique and income-generating home in the desirable North Park neighborhood, just steps from the river and the scenic Meewasin Trail! Offering an excellent location and plenty of versatile living space, this property is perfect for homeowners or investors alike. The main floor features 2 bedrooms and a recently upgraded bathroom, along with a bright and inviting layout designed for comfortable living and entertaining. A charming loft area adds character and flexibility to the home and is currently being used as an additional bedroom space. Downstairs, you’ll find a legal 1-bedroom basement suite with large bright windows, fresh paint, and new flooring — making it an attractive and easily rentable mortgage helper or investment opportunity. Outside, enjoy the beautifully landscaped private backyard complete with a composite deck and built-in hot tub, creating the perfect space to relax or entertain. The yard is fully secure with new fencing on two sides. The impressive 26x28 detached garage provides room for 2 vehicles, while 2 additional off-street parking spaces in the back offer extra convenience for tenants or guests. This is a rare opportunity to own a character home with income potential in one of the city’s most sought-after locations! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.8 × 8.5 feet | |
| Kitchen | 12.8 × 7 feet | |
| 4pc Bathroom | x x x | |
| Bedroom | 12.7 × 10 feet | |
| Laundry room | x x x |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 15.8 × 15 feet | |
| Kitchen | 10 × 15 feet | |
| Dining room | 12.7 × 12.4 feet | |
| Primary Bedroom | 13 × 10.8 feet | |
| Bedroom | 11 × 12 feet | |
| 4pc Bathroom | x x x |
Loft
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 32 × 13 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).
Cash on cash
-1.24%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,420
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 28, 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.