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2504 14th STREET E
Beds
5
Baths
2
Sqft
1,208
Year
1961
Type
Single Family
On market
4d
Welcome to 2504 14th Street East, a well-maintained 1,208 sq. ft. bungalow in the desirable Greystone Heights neighbourhood, overlooking the open University lands. This versatile property offers five bedrooms, two bathrooms, and a beautifully renovated legal basement suite, making it an excellent opportunity for homeowners seeking mortgage-helping income or investors looking for a turnkey revenue property. The main floor features three spacious bedrooms, a bright and functional layout, and original hardwood flooring throughout much of the living space. Most windows have been updated to PVC and are complemented by custom blinds. The kitchen includes a vented range hood and convenient access to the rear deck, complete with a BBQ gas hookup. Additional features include updated light fixtures and a cozy wood-burning fireplace with a gas hookup available on the exterior wall for future conversion. The legal basement suite was completely rebuilt in 2019 after the basement was fully gutted to the foundation. Extensive renovations include a new engineered wood basement structure within the concrete foundation, spray foam insulation on exterior walls, acoustic insulation between floors, new windows and window wells, framing, staircase, drywall, electrical, LED lighting, HRV system, plumbing, fixtures, in-floor sewer lines, and sump pump. The suite is finished with luxury vinyl plank flooring, a custom Superior Millwork kitchen with built-in dishwasher and vented range hood, a modern bathroom, and in-suite stacking laundry. A separate laundry, mudroom, and storage area with cabinetry and sink are reserved for the main floor occupants. Separate utility meters allow tenants to pay their own utilities, enhancing the property's investment appeal. As per the Seller’s direction, all offers will be presented on 06/11/2026 9:00AM. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | 10'5" x 15'6" | |
| Living room | 10'8" x 15'2" | |
| Kitchen/Dining room | 8' x 9'6" | |
| Bedroom | 11' x 11'11" | |
| Bedroom | 9'8" x 10" | |
| Laundry room | 6'6" x 10'8" | |
| Other | 7' x 14'8" |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12'3" x 21'3" | |
| Dining room | 7'10" x 12' | |
| Kitchen | 9'3" x 12' | |
| 4pc Bathroom | 6'8" x 7'10" | |
| Primary Bedroom | 12' x 12'2" | |
| Bedroom | 9'9" x 10' | |
| Bedroom | 8'3" x 12' |
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
0.02%
Cap rate
4.87%
GRM
13.4
Break-even rent
$3,298
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 Jun 7, 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.