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2231 Quebec STREET
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Regina · Single Family · under $375,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Nestled in the heart of the historic Heritage neighbourhood, 2231 Quebec Street presents a rare opportunity to own an up/down duplex just steps from the General Hospital, a local microbrewery, popular dining, and all the amenities of downtown Regina. This charming 2½-storey character home offers a total of 1,560 sq. ft. of developed living space across two self-contained units—each with a private entrance—making it ideal for homeowners seeking mortgage support or investors looking to expand their portfolio. The main floor unit, offered fully furnished, features 1 bedroom, 1 bathroom, a bright and functional living space, a well-appointed kitchen, and dedicated laundry located in the unfinished basement. The upper unit spans the top 1½ storeys and offers 2 bedrooms, 2 bathrooms, a spacious living area, a full kitchen, and in-suite laundry—providing the comfort and privacy of a standalone home. The property includes a single detached garage with laneway access and two additional off-street parking stalls. Whether you're looking to live in one unit and generate rental income from the other, or rent both for a strong return, this versatile property delivers long-term value in one of Regina’s most sought-after neighbourhoods. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12 × 14 feet | |
| Kitchen/Dining room | 9 × 9 feet | |
| Bedroom | 9 × 11 feet | |
| 4pc Bathroom | — | |
| Enclosed porch | 4 × 19 feet |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12 × 16 feet | |
| Kitchen | 8 × 11 feet | |
| Dining room | 7 × 9 feet | |
| Dining nook | 8 × 9 feet | |
| Bedroom | 8 × 11 feet | |
| 3pc Bathroom | — |
Third level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10 × 15 feet | |
| Dining nook | 5 × 9 feet | |
| 4pc Bathroom | — | |
| Laundry room | — |
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
5.19%
Cap rate
5.90%
GRM
11.5
Break-even rent
$2,098
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.
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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 Mar 5, 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.