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246 Fast LANE
Beds
5
Baths
4
Sqft
1,701
Year
2016
Type
Single Family
On market
14d
A must see & Very Striking 2 story Home in Aspen Ridge, Just North Of Evergreen.Welcome to 246 Fast Lane. This 1700 sqft stunning fully finished home offers 5 bedroom and 4 bathroom. Legal suite with separate entrance - Perfect for a mortgage helper and extended family living. The main floor features a bright open-concept layout with large window, modern finished, stylish wooden flooring, a cozy fire place. Open concept Living, dining and Kitchen.This beautifully designed kitchen complete with granite counter top, backsplash, stainless steel hood fan & appliances, plenty of cabinetry and extra island for coffee bar and 2 pc bath on main floor as well. Upstairs you will find 3 bedroom, including a generous primary suite with walk in closet and private ensuite, plus additional bathroom and tons of natural light throughout. This fully finished home also comes with separate entrance and 2 bed room legal suite. Currently providing excellent income potential. Step outside to enjoy the beautifully designed backyard featuring deck, sitting area and detached double car garage. Perfect for summer entertaining and summer enjoyment. This property is close to school, park and all kinds of amenities. This home combines comfort, functionality, and investment opportunity in one exceptional package. Don't miss out! Call today to book your viewing. As per the Seller’s direction, all offers will be presented on 05/31/2026 2:00PM. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11 × 11 feet | |
| Living room | 9 × 11 feet | |
| Bedroom | 11 × 10 feet | |
| Bedroom | 10 × 9 feet | |
| 4pc Bathroom | x x x |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 16 × 13.6 feet | |
| Kitchen | 12.6 × 13.6 feet | |
| Dining room | 9.7 × 13 feet | |
| 2pc Bathroom | x x x |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12 × 13.6 feet | |
| Bedroom | 10.5 × 10.6 feet | |
| Bedroom | 10.2 × 10.5 feet | |
| 5pc Bathroom | x x x | |
| 4pc Bathroom | 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
-1.24%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,419
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 30, 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.