Price chart on SM101:
| 105012-65 | | 3,500 | 6,400 | 11,500 | 18,000 |
8k CAD is ~$5700 USD, so price wise this is between fair-and-good.
Fair & good descriptions:
"
Fair - Often the quality of a well-used watch, one that has lived a useful life. It might be damaged or missing some parts, movement needing work. This category can sometimes be improved with sympathetic work and service. It will remain fair if after service it still shows a damaged bezel, a dial with damage or missing, or discoloured plots, and a case with missing lines or heavy damage.
Good - Complete with correct parts. It is likely the lowest condition most collectors or owners are happy with. The case and dial and bezel should be without significant damage, though there may be some wear or light marks on the case or bezel. The plots are an attractive colour not green or missing. Some minor plot damage or issues are acceptable. The bezel may have several marks but no major damage.
"
From those, I would put this distinctly in a "Fair+" situation. This watch has faced a long, well-used-life, with at least one questionable service (see dial stain). So I think at 8k CAD this is perhaps overpriced, but not horrifically so. I don't think it is a 'normal' Fair, so I would think 4-4500 USD is probably a reasonable range for it, unless the hands are bad.
But like
@Dan S says: its in rough enough condition I don't think I'd spend $500 on this. It is rough, ugly in a quite a few ways, and particularly the hands would bother me. The lume isn't particularly attractive to me, and the bezel is banged up in a way that would really bother me.