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618 3rd STREET E
Welcome to 618 3rd Street E, ideally located just steps off Broadway on a 40-foot lot with a sunny south-facing backyard. This raised bungalow offers incredible flexibility with three separate suites, making it an excellent opportunity for first time buyers or investors. Originally built in 1930 and set on a 1950's foundation, the home blends character with practical updates throughout. The main floor features a bright front sunroom along with a versatile office or den space currently used as a bedroom. A secondary bedroom offers two closets, with the potential to convert one into additional space for the front office if desired. The spacious living room showcases 9-foot ceilings, hardwood flooring, and abundant natural light. The kitchen is designed for both function and gathering, complete with an eat-up island, double sink, built-in dishwasher, and a breakfast nook with patio doors leading to the rear deck and backyard. The oversized primary bedroom offers enough space to potentially add an ensuite in the future. Completing the main level is a 4-piece bathroom and an additional bedroom. A separate rear entrance leads to a non-conforming basement suite featuring a kitchen, living area, bedroom, and 4-piece bathroom, with shared laundry located at the bottom of the stairs. At the front of the home, a completely self-contained non-conforming bachelor suite (no laundry) includes its own private entrance, kitchen, living area, and 4-piece bathroom. The back yard has mature trees and two off street parking with room for future garage. Recent upgrades include new shingles (2017), windows (2023), and attic insulation (2023). Located in one of Saskatoon’s most sought-after neighbourhoods, close to the library, Lathey pool, Ashley park, BV park, elementary schools/Aden Bowman High School and Broadway shopping and amenities, this property offers a rare combination of character, location, and revenue potential. Call your Realtor today to book your private showing! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 13.2 × 12.9 feet | |
| Living room | 12.11 × 9.2 feet | |
| 4pc Bathroom | 10.8 × 5.4 feet | |
| Other | — | |
| Bedroom | 14.8 × 9.4 feet | |
| 4pc Bathroom | 8.6 × 6.7 feet | |
| Bedroom | 9.7 × 8.9 feet | |
| Kitchen/Dining room | 11.8 × 8.6 feet | |
| Living room | 13.4 × 12.11 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Office | 11.2 × 8.7 feet | |
| Living room | 26.7 × 12.5 feet | |
| Primary Bedroom | 17.5 × 11.5 feet | |
| 4pc Bathroom | 8.4 × 5.9 feet | |
| Bedroom | 12.8 × 10 feet | |
| Kitchen | 13.7 × 12.11 feet | |
| Dining nook | 10.7 × 6.4 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
-1.32%
Cap rate
4.60%
GRM
13.9
Break-even rent
$3,116
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.