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720 Railway STREET
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Chitek Lake · Single Family · under $600,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Lake Life Starts Here at Chitek Lake! Move-in ready and designed for year-round enjoyment, this stunning 1,768 sq. ft. two-story home offers the perfect blend of modern comfort and lake lifestyle. Built in 2022 and certified as a new build in 2023, this beautifully crafted property is ready for immediate possession—just bring your bags and start making memories. Featuring 3 spacious bedrooms and 2 full bathrooms, including two private suites, this thoughtfully designed home provides plenty of space for family and guests. The main floor offers two large bedrooms, a stylish 5-piece bathroom with convenient laundry, and a welcoming family room with direct access to the backyard. Upstairs, the bright open-concept living area is ideal for entertaining. The kitchen showcases crisp white cabinetry, stainless steel appliances, a large island, and a dedicated workstation. The adjoining dining and living areas are flooded with natural light and provide access to two expansive 26' x 12' decks—one east-facing and one west-facing—allowing you to enjoy both sunrise coffee and spectacular evening sunsets. Partial lake views add to the charm of this exceptional space. The upper-level primary suite serves as a private retreat, complete with its own ensuite bathroom and direct deck access. Situated on an oversized 50' x 212' corner lot, with plenty of room for RV parking, for family or friends. Additional features include a 30-foot well, a 1,000-gallon fiberglass septic tank with 52 annual pump-outs included, and a transferable dock space located just a short walk away—giving you convenient access to one of Saskatchewan's premier recreational lakes. Whether you're searching for a year-round residence, family getaway, or investment opportunity, this exceptional Chitek Lake property delivers comfort, convenience, and lake living at its finest. Quick possession available. Start enjoying lake life this season! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 8.7 × 13.2 feet | |
| Other | 5.11 × 4.1 feet | |
| Family room | 12.2 × 13.4 feet | |
| 5pc Ensuite bath | 14.4 × 6 feet | |
| Primary Bedroom | 12.2 × 13.8 feet | |
| Bedroom | 12.2 × 13.4 feet |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 13.4 × 12.1 feet | |
| Kitchen/Dining room | 32.1 × 12.2 feet | |
| 3pc Bathroom | 9.1 × 4.1 feet | |
| Primary Bedroom | 12.11 × 13.8 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
-6.89%
Cap rate
3.49%
GRM
16.6
Break-even rent
$3,414
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.
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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 3, 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.
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