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Regina · Single Family · under $475,000 · 3+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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2248 Wascana STREET
Excellent investment opportunity, live up and rent out down to help pay your mortgage off sooner!! Awesome layout, unbeatable location! Just steps from Les Sherman Park, scenic walking trails, downtown amenities, and 13th Avenue shopping, this raised bungalow is perfectly situated on a quiet street that sides onto the park. Featuring 4 bedrooms, 4 bathrooms, seperate enty and a fully developed, bright basement with it's own kitchen and laundry, this home offers an excellent opportunity for multi-generational living, or a potential income-generating mortgage helper suite. The bright and welcoming main floor showcases vaulted ceilings, a spacious foyer, large sun-filled windows, and a cozy gas fireplace perfect for Saskatchewan winters. The open-concept living, dining, and kitchen area has plenty of cabinetry and counter space and includes dishwasher, stove, and brand-new fridge. The main level also includes convenient laundry, a full 4-piece bath, a generous second bedroom, and a spacious primary bedroom complete with its own 3-piece ensuite and walk in closet. A separate basement entrance opens the door to excellent suite potential. The lower level offers a similar layout to the main floor, including its own laundry, gas fireplace and a private primary bedroom with 3-piece ensuite along with walk in closet — ideal for extended family, guests, tenants, or short-term rental possibilities. Outside, the rear alley access provides potential for a future garage, while the current gravel parking area comfortably accommodates two vehicles. Bonus appliances are included in as-is condition. Notable upgrades include shingles (2018), central air conditioning (2023), flooring, bathroom fixtures, and more. This move-in ready home combines location, versatility, and value — a true pleasure to show. Contact your REALTOR® today to schedule your private viewing! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.6 × 10.1 feet | |
| Dining room | 8.4 × 7.6 feet | |
| Living room | 17.4 × 10 feet | |
| Bedroom | 9.9 × 8.4 feet | |
| 4pc Bathroom | x x x | |
| Primary Bedroom | 9.9 × 8.6 feet | |
| 3pc Ensuite bath | x x x | |
| Laundry room | x x x |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 10.9 × 13.3 feet | |
| Dining room | 9.8 × 9.6 feet | |
| Kitchen | 8.3 × 9.1 feet | |
| Laundry room | 6.7 × 4.9 feet | |
| 4pc Bathroom | x x x | |
| Bedroom | 9.4 × 8.2 feet | |
| Primary Bedroom | 13.8 × 9.9 feet | |
| 3pc Ensuite bath | x x x |
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
3.64%
Cap rate
5.59%
GRM
12.1
Break-even rent
$2,632
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 2, 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.