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Katepwa Beach · Single Family · under $725,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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701 Saskatoon DRIVE
Some views stop you in your tracks. This is one of them. Perched in the Berry Hills subdivision on the south side of Katepwa Lake, 701 Saskatoon Drive is a custom-built executive walkout bungalow offering what may genuinely be some of the most breathtaking panoramic views the Qu'Appelle Valley has to offer. The kind of view you buy a home for. At 1,400 sq ft on the main level, the layout is open and sun-drenched — gleaming hardwood floors, coffered ceilings, a stacked stone wall with gas fireplace, and a chef's kitchen with rich cabinetry, a large eat-up island, and a walk-in pantry. The primary bedroom features coffered ceilings, a 4-piece en suite, walk-in closet, and direct access to the composite deck — where the valley unfolds in front of you. Main floor laundry completes the level. The walk-out level is where this property gets genuinely interesting. Currently configured as a fully self-contained suite with its own kitchen, open living and dining areas, two bedrooms, 4-piece bathroom, and direct walkout to the lower patio — it's an ideal setup for a professional who travels, someone seeking rental income, or multi-generational living. Roughed-in in-floor heat is already in place. The huge attached garage, A/C, underground sprinklers, natural gas BBQ hookup, central vac, firepit area, and two full sets of appliances round out a property that has been thought through at every turn. All bathrooms, the basement, laundry, and foyer feature durable Dura-tile flooring throughout. 701 Saskatoon Drive isn't just a home — it's a vantage point. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 13.3 × 14.7 feet | |
| Living room | 16.3 × 24.7 feet | |
| Bedroom | 11.7 × 11 feet | |
| 4pc Bathroom | 4.1 × 9.3 feet | |
| Bedroom | 11.8 × 11 feet | |
| Laundry room | 10.1 × 9.3 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 14 × 13.2 feet | |
| Dining room | 14.1 × 11.1 feet | |
| Living room | 17.1 × 19.1 feet | |
| Laundry room | 7.7 × 7.6 feet | |
| 2pc Bathroom | 5 × 7.4 feet | |
| Bedroom | 13.4 × 12.1 feet | |
| 4pc Bathroom | 8.1 × 11.3 feet | |
| Foyer | 7.11 × 14.9 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
-1.10%
Cap rate
4.64%
GRM
13.9
Break-even rent
$4,026
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.
Location of this listing. Distances are straight-line.
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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.