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710 McPherson AVENUE
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Saskatoon · Single Family · under $725,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Rare Investment Opportunity: Premium Character Fourplex Steps from Broadway and the River. This legal, exceptionally well-cared-for fourplex bursts with classic character and timeless charm, offering an investor a rock-solid addition to their portfolio or a buyer a unique multi-unit asset.Every square inch of this property reflects pride of ownership, starting with the interior layout. Each of the four suites features a highly rentable configuration of two spacious bedrooms and a full bathroom, all flooded with beautiful natural light through large, bright windows. Tenants enjoy the convenience of a clean, shared laundry area.The building sits on a massive 60 by 140-foot lot that offers immense long-term land value. The beautifully maintained yard and newer roof, ensuring immediate peace of mind and low upcoming capital expenditures. The property provides a shared functional storage shed and loads of off-street parking to easily accommodate everyone living here.Operationally, the property is a dream. It features fantastic, long-term tenants who would love to remain in place, while all current leases are structured on a flexible 30-day notice period to give a new owner maximum control and transition options.The true crown jewel of this property is its absolute AAA-plus location. Situated just one block from the iconic Meewasin Valley river park and its scenic trail network, residents can enjoy world-class outdoor recreation daily. It is also within easy walking distance to both the trendy, vibrant shops and restaurants of the Broadway District and the heart of downtown Saskatoon.This is a generational real estate asset where premium location meets incredible care. Opportunities to own a legal fourplex of this caliber in this neighborhood are few and far between. As per the Seller’s direction, all offers will be presented on 07/13/2026 11:00AM. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.6 × 17 feet | |
| Dining room | 11 × 11 feet | |
| Kitchen | 7.6 × 10.6 feet | |
| 4pc Bathroom | X x X | |
| Bedroom | 12.6 × 12 feet | |
| Bedroom | 6.6 × 12 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.6 × 17 feet | |
| Dining room | 11 × 11 feet | |
| Kitchen | 7.6 × 10.6 feet | |
| 4pc Bathroom | X x X | |
| Bedroom | 6.6 × 12 feet | |
| Bedroom | 12 × 12.6 feet | |
| Laundry room | X x X |
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
-6.81%
Cap rate
3.50%
GRM
16.7
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 Jul 11, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.