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2264 Montreal STREET
Exceptional revenue opportunity in Regina’s General Hospital neighbourhood! Built in 2016, this purpose-built 2-storey home with fully developed basement offers over 2,188 sq. ft. above grade plus a self-contained lower level — perfectly configured for two-unit rental income or owner-occupied living with a mortgage helper. Unit A – Main Floor + Basement: The main level features a bright open-concept living and dining area with durable vinyl plank flooring throughout, a modern kitchen with rich cabinetry and ample counter space, 2 bedrooms, a 5-piece bathroom, and in-suite laundry. The fully developed basement extends this unit with a spacious living room, full kitchen, 2 additional bedrooms, and a 4-piece bath — creating a generous 4-bedroom, 2-bathroom suite ideal for families or strong rental returns. Unit B – Second Floor: The upper level operates as a completely separate unit with its own private living space, kitchen, dining area, 2 bedrooms, 5-piece bathroom, and laundry. Bright windows and contemporary finishes make this an attractive rental for professionals or hospital staff. Situated on a 3,119 sq. ft. lot with two off-street parking spaces, this property is zoned RU and located just steps from Regina General Hospital, downtown, transit, and amenities — a high-demand rental corridor. Live in one unit and rent the other, or rent both for excellent cash flow potential. Turn-key, income-producing properties in this location are rare — don’t miss this smart investment opportunity! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 15 × 14 feet | |
| Kitchen | 8 × 13.8 feet | |
| 4pc Bathroom | — | |
| Bedroom | 9.9 × 12.4 feet | |
| Bedroom | 12.1 × 10.5 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12.2 × 12.3 feet | |
| Living room | 11.5 × 13.11 feet | |
| Kitchen | 12 × 11 feet | |
| Dining room | 7.4 × 14 feet | |
| Laundry room | — | |
| Bedroom | 10.6 × 10.3 feet | |
| 5pc Bathroom | — |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 12.3 × 12.2 feet | |
| 5pc Bathroom | — | |
| Laundry room | — | |
| Bedroom | 10.5 × 10.4 feet | |
| Kitchen | 11.1 × 11.2 feet | |
| Dining room | 9.1 × 7.3 feet | |
| Living room | 11.2 × 16.7 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
3.62%
Cap rate
5.59%
GRM
12.1
Break-even rent
$2,995
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 22, 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.