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SUITE A & B 408 L AVENUE N
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Beds
5
Baths
3
Sqft
1,140
Year
2001
Type
Single Family
On market
4d
Welcome to 408 Avenue L North, Westmount, Saskatoon This versatile, R2-zoned, 1,140 sq ft bi-level residence offers excellent potential as a two-suite revenue property or a spacious multi-family home. The property is situated on two lots in the desirable Westmount neighborhood, conveniently located near parks and schools including Westmount, Howard Coad, E.D. Feehan Catholic High School, Bedford Road Collegiate, and Mount Royal Collegiate. Key Features & Updates: Structure: Bi-level design with separate entrances, individual laundry, and distinct utilities for each level (owner and tenant-occupied up and down). Income: Generates approximately $2,400 per month in rent from Unit B, which includes utilities. Recent Updates (within the last two years): Extensive updates to both suites, including shingles, vinyl plank flooring throughout, baseboards, full kitchens, and newer commodes, vanities, and lighting. Unit A: Features newer appliances. Unit B: Equipped with efficient hot water heating. A property with a rear back alley and large front driveway with comfortable space for more than two vehicles. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen/Dining room | 14.2 × 14 feet | |
| Primary Bedroom | 11.6 × 10.6 feet | |
| Bedroom | 10.7 × 10.6 feet | |
| Bonus Room | 7 × 8.4 feet | |
| Bonus Room | 7 × 8.4 feet | |
| 4pc Bathroom | — | |
| Other | 6.9 × 12 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen/Dining room | 13.3 × 15.4 feet | |
| Living room | 11 × 15.4 feet | |
| 4pc Bathroom | 8.2 × 9.5 feet | |
| Primary Bedroom | 13.9 × 11.5 feet | |
| 3pc Ensuite bath | 9.7 × 5 feet | |
| Bedroom | 12.2 × 8.2 feet | |
| Bedroom | 12.2 × 8.5 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
3.62%
Cap rate
5.59%
GRM
12.1
Break-even rent
$2,995
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 5, 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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