Luxury Homes for Sale in Saskatoon , SK

Listings last updated 09/23/2022
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Frequently Asked Questions

What is considered a luxury home?

Luxury homes are prime pieces of real estate that exude refinement and exclusivity. Offering privacy and ample living space, these upscale properties are usually custom-built using premium materials and boasting luxurious designs. A lavish home showcases not only interior elegance, but also exterior appeal and provides high-end amenities inside and out. What’s more, luxury homes also usually have a story or history attached to them — they were either built by a prominent architect or are situated in a prestigious location. Showcasing steep price tags, professional real estate guidelines typically place high-end properties in the top 5% or 10% of the local housing market. People who buy luxury homes are usually high-net-worth individuals.

What is the difference between a house and a mansion?

While a standard house entails typical floor plans and amenities, a mansion is an imposing, single family luxury home with opulent and extravagant details.

What qualifies a mansion as a mansion?

Boasting a higher-than-average number of square feet and excess bedrooms and bathrooms, a mansion is much more than a big house for sale. Rather, it comes with high-end finishes and top-of-the-line appliances, as well as energy-efficient systems and smart home features. Sitting on huge lots of land, luxury mansions also boast breathtaking landscaping and unique architectural details. The typical designs for these buildings include classical, colonial or Victorian styles. They also offer some of the finest amenities and can entertain large groups of people. For example, mansions usually include commercial-grade kitchens and multiple common areas and leisure spaces — such as great rooms; lounges; games and theater rooms; gyms; spa facilities; pools; tennis courts; gardens with water features; hiking trails; guest houses; and so on.

What is the difference between a house and a villa?

A villa is a luxury property typically located in the countryside or on the coast. While a standard house is a family’s primary living residence, a villa is used as a retreat or is rented out as a vacation home when not occupied. A villa is a refined luxury estate with an airy design, including rich amenities and providing seclusion. These luxe properties usually come with lovely outdoor landscaping and boast a patio/terrace, a front garden and a private pool. They are either single detached or semi-detached and are part of a gated community, typically within a resort.

How do I find mansions for sale near me?

Mansions nearby are just a few clicks away on Point2. Check out the list of available expensive houses for sale on the website and select the ones near your location using the map view.

How many luxurious houses for sale are available in Saskatoon, SK?

On Point2, you’ll find 34 luxury homes for sale in Saskatoon, SK, with prices ranging from $1,049,900 to $3,490,000.

How do I search for Saskatoon, SK luxury homes for sale?

Finding Saskatoon, SK luxury real estate has never been easier on Point2. Simply filter the available listings according to price, square footage, number of bedrooms and bathrooms, or any amenities you might be interested in. Price drops are another feature at your disposal. This is especially useful in finding mansions for sale in Saskatoon, SK that have reduced their asking prices in the last six months. Just be sure to save your search in order to receive new high-end listings that match your preferences directly to your inbox.

Open Houses in Saskatoon, SK

$1,049,900 CAD
Open House
Sun, 25 Sep 2:00 PM to 4:00 PM
  • 4 BedsBds
  • 3 BathsBa
  • Residential

CITY GUIDE
SASKATOON, SASKATCHEWAN

Saskatoon, the largest city in the province of Saskatchewan, is a beautiful area sitting in the southern part of the province, around 2.5 hours northwest of Regina. Saskatoon is known for its beautiful positioning on the Saskatchewan River with a very interesting history and great attractions and heritage sites. The city covers an area of 209.56 sq. km, and has a population of 246,376, consisting primarily of people of European heritage (82.8%), First Nations (5.4%) and Metis (4.3%). Saskatoon was inhabited by the Aboriginal people long before any other settlers came, and has the second highest percentage of First Nations people after Winnipeg. The climate in Saskatoon is fairly extreme with four very distinct seasons. Humidity levels are low in the warmer months, and temperatures in summer rise to around 25°C, and in winter dip to around -17°C.

Saskatoon is an economic and cultural centre, and is commonly referred to as “POW City” due to its association with potash, oil and wheat. Oil and gas, diamonds, livestock, uranium, and associated industries all drive and support the economy, and almost two-thirds of the world’s potash reserves are in the Saskatoon area. Saskatoon is also a hub for digital media companies, as well as distribution and logistics.

Saskatoon is relatively low-lying and flat and is divided by the South Saskatchewan River into the east and west sides. The city is dotted with beautiful leafy parks and green areas, and has a vibrant music scene as well as great galleries and museums, live theatres, and annual events and festivals. Saskatoon is also home to the WHL Saskatoon Blades and a number of other successful sports teams.

Popular areas in Saskatoon include: Fairhaven, Haultain, Holliston, Holmwood, Kensington, Lakeridge, and Lakeview.

Saskatoon, Saskatchewan

Saskatoon, Saskatchewan
real estate market overview

Real Estate Market Overview

Saskatoon’s housing market is fairly balanced with affordable house prices and a stable housing economy, despite the downturn in oil prices. The average residential sale price is around $351,000 which has declined slightly but not significantly compared to the previous year. The market is very much lead by move-up buyers who are driving the demand for single-family detached homes and resale properties between $400,000-$500,000.

First-time buyers are also very active in Saskatoon’s market and are key buyers in the condo market, as condo prices remain affordable. There is currently a fairly high supply of condos due to development in recent years, which has created favourable conditions and a good amount of choice for buyers. Some sellers who are finding it difficult to sell existing condos due to the large supply of new builds are renting out their condo units instead; however, rental vacancy rates do currently remain quite high.

Saskatoon’s strengthening economy is expected to play an important role in supporting the city’s real estate market, and its diverse economy and strong agriculture sector has helped to keep people in employment despite the oil crisis in nearby provinces.

Saskatoon’s historic neighbourhoods include Riversdale and Nutana, and its core downtown areas have seen a lot of development and investment so are increasing in popularity. Sutherland is another historic neighbourhood which is located close to the University.

real estate market overview

Luxury Real Estate Market Overview

The sale of high-end homes between $500,000 and $1-million was up last year, largely driven by retirees and move-up buyers upgrading their homes. Farmland has increased significantly in value in recent years, so many farmers and those close to retirement have been cashing out and selling their land for large amounts of money and turning to luxury real estate. This has helped to sustain the high-end market and this is expected to continue throughout 2017. The demand for luxury homes in Saskatoon is growing, especially from those looking to invest their money in markets other than Vancouver and Toronto, which are much more expensive.

The higher end of Saskatoon’s market has really grown in recent years and that is expected to continue. People are keen to buy properties with more privacy and more land, and you can easily find luxury properties with a good amount of land within 5km of the city, so it’s a desirable option for many. The demand for propertiesis also increasing in rural-residential areas such as the Willows and Greenbryre, as well as Briarwood, which is a luxury community and one of Saskatoon’s wealthiest neighbourhoods.

luxury real estate market overview

Read more about living in Saskatoon, Saskatchewan.

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