Space
Finished area and layout
- Living Area
- 2,506 sqft
- Bedrooms
- 6
- Bathrooms
- 4
+19 more
6
Bedrooms
4
Bathrooms
2,506 sqft
Living Area
7,792 sqft
Lot
1958
Year Built
Property Snapshot
Key details for this listing
MLS #SK046147
Property
Type, style and structure
- Type
- residential
- Style
- single family / Detached
- Structure
- Storey 2
- Ownership
About This Property
This 6-bedroom, 4-bathroom single family in Regina offers 2,506 sqft of living area on a 7,792 sqft lot. Built in 1958, 2 storeys. The property has lot dimensions of 7792.00. The home features forced air, natural gas heating, a finished, partial, crawl space basement.
MLS Remarks
Exceptional University-Area Investment Opportunity! This spacious 2,500 sq. ft. home offers six bedrooms and four bathrooms, making it an excellent revenue property with strong rental potential thanks to its close proximity to the University of Regina. What truly sets this property apart is the unique addition, featuring a large, self-contained recreation room plus a loft area currently being used as a seventh bedroom and additional living space. This flexible configuration provides an outstanding opportunity for an owner-occupier, investor, or extended family. Imagine living comfortably in your own private loft and recreation area while collecting rental income from the six additional bedrooms. Alternatively, the entire property can be utilized as a high-demand student rental, maximizing its income potential. With its generous size, four bathrooms, exceptional bedroom count and sought-after university location, this property offers a rare combination of space, flexibility and investment potential. Whether you’re looking to build your rental portfolio or create a unique home where you can live while generating substantial rental income, this property deserves a closer look. Dining Room and Living nroom furniture included. 3Fridges included, all in as is condition. Based on a $320,000 mortgage at 4% over 30 years. monthly payment $1527 Consider the following ASSUMPTION. Buyer to do their own calculations 1,527/month mortgage 230/month insurance 360/month property tax 200/month water 250/month energy&power 2,570 Total monthly cost 4,500/monthly rent - (2,570) total monthly cost = 1,930 monthly cash flow 1,930 monthly cash flow x 12 months is 23,160 yearly cash flow Original investment is 20% of the purchase price of 400,00 or $80,000 down payment/investment amount) 23,160/$80,000 = 29% return on your original invested amount of 85,000 I didn’t take into consideration rentals of water heaters or softeners or vacancies. (id:60351)
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
