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1447 Elphinstone STREET
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Regina · Single Family · under $150,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Opportunity awaits with this DOUBLE LOT offering excellent redevelopment potential! Whether you're looking for a future building site for your own home, considering an investment project, or exploring the possibility of a duplex or other redevelopment option, this property is well worth a look. Conveniently located with quick access to Lewvan Drive, the property is just minutes from the Regina Pasqua Hospital, nearby sports facilities, parks, and an outdoor swimming pool, providing easy access to a variety of amenities. The existing 1½-storey home offers just under 800 sq. ft. and could serve as a holding property while future plans are developed. A spacious front porch/sunroom welcomes you into the home, leading to the open living and dining areas. The kitchen is compact yet functional, while the main floor also features a 4-piece bathroom and one bedroom. Upstairs you'll find two additional bedrooms. The basement houses the laundry and mechanical area, with access through the attached single garage. Recent updates include five new windows installed last month, along with shingles replaced within the past year. The attached garage is best suited for storage, and the property is being marketed primarily for its outstanding land value and future redevelopment potential. With a rare double lot, convenient location, and endless possibilities, this property presents an excellent opportunity for builders, investors, or buyers looking to create something new. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 9.1 × 11 feet | |
| Living room | 9.1 × 10.5 feet | |
| Dining room | 11 × 14 feet | |
| 4pc Bathroom | x x x | |
| Bedroom | 9.6 × 9.2 feet |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 7 × 8.6 feet | |
| Bedroom | 7 × 9 feet |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
71.03%
Cap rate
19.07%
GRM
4.3
Break-even rent
$842
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.