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Location
Key Details
$3,399,999.00
Residential Only
1962
Regina
Description
Exceptional Investment. Multi-family 26 unit apartment for purchase in the highly sought after Transition Area of Regina with tremendous land value attached as part of the purchase. Extensively renovated in Feb 2024 with over $1.2M invested and major work done such as upgrading power to accommodate electric heating and all units rebuilt from the studs. This 26-suite property features 14 bachelors and 12 one bedroom units. Each unit is generous in size with walk-in pantry/storage, new appliances (2024) and A/C for tenant comfort.2120 Lorne where the apartment is located is on a 75' x 125' lot(apprx). A separate adjacent parcel at 2134–2142 Lorne (approx. 125' x 125') contains 70 electrified parking stalls offers an attractive income source with 40 stalls currently rented at $135/month, or a potential redevelopment opportunity. The parking area was refurbished circa 2018 with welded steel posts and all new electrical conduit, weather-proof boxes and panels at each rail.
Listing courtesy of Re/max Crown Real Estate
More Info
City: Regina
Year Built: 1962
Type: Low-rise (3 Floors And Under)
Amenities: Shared Laundry
Elevators: 0
Exterior: Brick,other
Heating: Electric
Appliances: Air Conditioning,dryer,fridge,stove,washer,window Treatment
Land Size: 24937.00
Smoke Detectors: Yes
Total Acres: 0.5725
Listed By: Re/max Crown Real Estate
