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1004 University DRIVE
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An exceptional opportunity in one of Saskatoon’s most coveted locations. Nestled on a beautiful lot in prestigious Varsity View, this property offers endless possibilities-renovate and personalize a spacious family home or build the custom dream home you’ve always envisioned. The main floor features a welcoming living room, a sun-filled sunroom with garden doors opening to the backyard, a formal dining room ideal for entertaining, a generous kitchen with abundant cabinetry, a two piece powder room and a bright family room overlooking the mature yard. Upstairs, the private primary retreat offers a large bedroom with fireplace and a spacious five-piece ensuite. A separate upper level provides three additional bedrooms with excellent storage and a second five-piece bathroom, creating plenty of space for a growing family. The lower level includes a large recreation room, an additional bathroom, laundry area, and extensive storage space. Outside, you’ll find a fully fenced backyard, an attached double garage, and the rare bonus of a detached single garage. Few locations offer the lifestyle found here. Enjoy walking distance to the South Saskatchewan River, the vibrant Broadway District, the University of Saskatchewan, downtown Saskatoon, parks, trails, restaurants, and cultural amenities. Whether you’re looking for a renovation project, investment opportunity, or premium building site, this is a rare chance to secure a property in one of the city’s most desirable neighbourhoods. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 22'11 | |
| 2pc Bathroom | — | |
| Laundry room | 9' x 28' | |
| Storage | 5'7 x 12'8 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 11'2 x 6'3 | |
| Living room | 11' x 21'9 | |
| Den | 8'6 x 13'2 | |
| Dining room | 10'7 x 13'6 | |
| Kitchen | 15' x 9'11 | |
| Family room | 22'2 x 18'3 | |
| 2pc Bathroom | — |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 7' x 7'10 | |
| Primary Bedroom | 15'2 x 18'2 | |
| 4pc Ensuite bath | — | |
| Bedroom | 10'7 x 22'11 | |
| 5pc Bathroom | — | |
| Bedroom | 11'2 x 11'1 | |
| Bedroom | 11'1 x 9'1 |
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
-6.67%
Cap rate
3.53%
GRM
16.7
Break-even rent
$4,875
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 17, 2026.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
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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.