Solid Duplex Opportunity in Mount Royal

This duplex located at 215 N V Avenue in the Mount Royal area of Saskatoon presents a straightforward investment opportunity. The property is configured as a two-unit dwelling, making it an ideal candidate for investors seeking to generate dual income streams from a single asset. Suite/zoning status to be independently verified with the municipality. With a purchase price of $474,900, this property aligns with the entry-to-mid-level multi-family segment in Saskatoon. Based on a 20% down payment of $94,980 and a 5.5% interest rate over a 25-year amortization, the monthly mortgage payment is approximately $2,325. With estimated market rents of $2,800/mo, the property offers a baseline for positive cash flow after accounting for estimated annual property taxes of $5,698.80 and other operating expenses. Saskatoon has demonstrated strong market resilience, with a 5-year historical appreciation of 33% and a 1-year appreciation of 7%. This growth trajectory supports a long-term buy-and-hold strategy, as the city continues to see steady demand for rental housing. The investment thesis for this property rests on the consistent demand for multi-family units in established neighbourhoods like Mount Royal. By maintaining the property and optimizing rental income, investors can benefit from both monthly cash flow and long-term capital appreciation. As with any real estate investment, potential risks include vacancy periods, unexpected maintenance costs, and interest rate fluctuations. Investors should conduct thorough due diligence, including a professional home inspection and a review of current lease agreements if applicable, to ensure the property meets their specific investment criteria.