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2230 Retallack STREET
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Regina · Single Family · under $500,000 · 2+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to 2230 Retallack St in the sought-after Cathedral Neighbourhood. This property offers an excellent opportunity to supplement mortgage payments with rental income or accommodate your family under one roof. The property has been expertly converted and fully renovated into 4 separate legal suites.The main floor features an office area that can easily be transformed into a bedroom, alongside a spacious living room with a wood-burning fireplace, a kitchen and a dining area. The basement includes two dens currently utilized as bedroom 4 piece bathroom and designated spaces for utility storage and laundry the 2nd floor has two self contained bachelor suites while the third floor contains one bedroom unit. Additionally, a large fully insulated garage is equipped with a rough in for gas hook up providing further potential. Call/text listing agent to view/more info. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Den | 8'6" x 11'9" | |
| Den | 8'6" x 12'6" | |
| 4pc Bathroom | — | |
| Other | — | |
| Storage | 7'9" x 18' | |
| Laundry room | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Office | 10'5" x 16' 2" | |
| Living room | 11'7" x 16'6" | |
| Kitchen | 9' x 14' 9" |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10' x 17' | |
| Kitchen | 4' x 10' | |
| 3pc Bathroom | 7' x 9' | |
| Bedroom | 16' x 10' | |
| Kitchen | 7' x 9' | |
| 3pc Bathroom | 7' x 9' |
Third level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13' x 14' | |
| Kitchen | 6' x 7' | |
| 3pc Bathroom | — | |
| Living room | 13' x 17' |
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
-5.11%
Cap rate
3.84%
GRM
15.6
Break-even rent
$2,801
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 Jun 16, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.