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Val Marie · Single Family · under $175,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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508 4th STREET N
Welcome to 508 4th Street N in Val Marie, SK — a truly unique 1½ storey home offering space, character, and creative potential, all set on two lots in one of Saskatchewan’s most scenic communities. Step inside through the side entry into a spacious porch/mudroom, perfect for coats, boots, and everyday storage. From here, you can head straight into the kitchen and dining area, where you’ll also find a main floor bedroom and a 4-piece bathroom. Or, turn right into the bright main floor living room, filled with natural light thanks to an abundance of windows, creating a warm and inviting space to relax. Upstairs, the home offers a second bedroom retreat complete with a 3-piece ensuite-style bathroom featuring a charming clawfoot bathtub — a cozy and private upper-level escape. Outside is where this property truly stands out. The property features a single detached garage (built in 1925) and a custom-built art studio (2019). The studio is a fantastic bonus space, featuring a 2-piece bathroom with updated plumbing and a sink area, making it ideal for artists, guests, or even a potential in-law suite. (The plumbing needs to be hooked up to the water on the main house) Located in the heart of Val Marie, this home places you right along the historic Red Coat Trail and just minutes from Grasslands National Park — one of Canada’s most breathtaking natural landscapes. Known for its wide-open skies, abundant wildlife, and peaceful lifestyle, Val Marie is a haven for nature lovers, artists, and those looking to escape the hustle of city life while still enjoying a strong sense of community. If you’re looking for a property with character, flexibility, and an unbeatable location surrounded by natural beauty, 508 4th Street N is a rare find. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | x x x |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Enclosed porch | 9.7 × 10.9 feet | |
| Living room | 15.5 × 19.7 feet | |
| Kitchen/Dining room | 16.4 × 9.4 feet | |
| Bedroom | 9.6 × 11.4 feet | |
| 4pc Bathroom | 7 × 8.4 feet |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 9.3 × 9.5 feet | |
| Bedroom | 9.3 × 9.2 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
39.36%
Cap rate
12.74%
GRM
6.1
Break-even rent
$933
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 Apr 27, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.