TTURNKEY LEGAL SUITE | VACANT POSSESSION | 11% GROSS YIELD Investors and owner-occupants — this one pencils out. At $239,900 with market rents of $2,200/month, this property delivers an estimated 11% gross yield. The suite is currently vacant — move in yourself or select your own tenant from day one. 1824 Winnipeg Street is a fully detached home with a brand new legal basement suite built from the studs up in 2025. The suite includes 2 bedrooms, full kitchen, bathroom, in-suite laundry, and a private entrance — professionally developed and ready to rent immediately. The main floor offers 2 bedrooms and a functional layout. Additional upgrades include an updated electrical panel, hardwired smoke detectors, and professionally braced basement walls. Located minutes from Regina General Hospital, downtown, and public transit — a high-demand rental corridor with strong long-term tenant appeal. Bonus: This property qualifies for a 100% property tax exemption for 5 years starting 2026 — significantly boosting net cash flow from the start. (id:47421)
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Detailed Information
Bedrooms
4
Bathrooms
2
Features
Rectangular
Listing Contract Date
2026-03-19
Ownership Type
Freehold
Property Type
Single Family
Transaction Type
For sale
Building
Appliances
Washer, Refrigerator, Dryer, Stove
Architectural Style
Bungalow
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1945
Construction Style (Attachment)
Detached
Heating Fuel
Natural gas
Heating Type
Baseboard heaters, Forced air
Stories Total
1
Type
House
Rooms
Room
Level
Dimensions
Notes
4pc Bathroom
Basement
X x X
Bedroom
Basement
9 ft 2 in x 10 ft 9 in
Bedroom
Basement
8 ft 4 in x 8 ft 6 in
Kitchen/Dining room
Basement
9 ft x 10 ft 7 in
Living room
Basement
8 ft 9 in x 9 ft 2 in
Other
Basement
X x X
Other
Basement
X x X
Living room
Main level
10 ft 4 in x 20 ft 9 in
Kitchen
Main level
10 ft 4 in x 10 ft 10 in
4pc Bathroom
Main level
X x X
Bedroom
Main level
9 ft 2 in x 9 ft 2 in
Bedroom
Main level
10 ft 3 in x 9 ft 2 in
Parking Spaces
Name
Spaces
None
Gravel
Parking Space(s)
2
Land
Total Size
2078 square feet
Landscape Features
Lawn
Size of Irregular Land
2078.00
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