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$ 3,399,999
Est. payment /mo
Pending
2120-2142 LORNE STREET Regina, SK S4P 2M5
0.57 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Residential Only
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SK030019
Year Built 1962
Annual Tax Amount $41,557
Tax Year 2025
Lot Size 0.572 Acres
Acres 0.5724747
Property Sub-Type Residential Only
Source Saskatchewan
Property 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.
Location
Province SK
Community Transition Area
Interior
Heating Electric
Cooling Electric
Flooring Wood
Appliance Air Conditioning, Dryer, Fridge, Stove, Washer, Window Treatment
Exterior
Exterior Feature Brick, Other
Garage Spaces 70.0
Amenities Available Shared Laundry
Total Parking Spaces 70
Building
Story 2.00
Others
Ownership Freehold
Virtual Tour https://youtube.com/shorts/vtObe9T6AwY?feature=share
Listed by RE/MAX Crown Real Estate