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3312 Portnall AVENUE
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Regina · Single Family · under $550,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to this spacious 1,521 sq. ft. bungalow at 3312 Portnall Avenue, Regina—a property packed with potential on an impressive 10,229 sq. ft. lot. Zoned for multi-residential use, this property offers excellent opportunities for homeowners, investors, and future developers alike. The home features three generously sized bedrooms, including a spacious primary bedroom with direct access to the backyard deck through sliding patio doors. The bright and inviting living room is filled with natural light from large windows, creating a warm and welcoming atmosphere. The functional kitchen includes a dishwasher and convenient access to a front sitting area through sliding patio doors. Adjacent to the kitchen is a versatile family room/dining area, perfect for entertaining guests, hosting family gatherings, setting up a home office, or simply relaxing at the end of the day. A convenient main-floor bathroom and laundry combination adds to the home's practicality and ease of living. The fully developed basement offers additional living space, featuring a large recreation room, two additional bedrooms, a 4-piece bathroom, and a high-efficiency furnace, providing plenty of room for a growing family, guests, or multi-generational living. Outside, you'll find a heated double detached garage and an enormous backyard with endless possibilities. Create your dream outdoor oasis, add a pool, establish a garden retreat, or explore the property's future development potential. Conveniently located within walking distance of Argyle Elementary School, parks, and everyday amenities, including the recently revitalized Kinsmen Park South, this property offers both lifestyle and investment appeal. Whether you're looking for a family home with room to grow, an investment property, or a future development opportunity, 3312 Portnall Avenue delivers flexibility, value, and exceptional potential. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | 16.6 × 28.1 feet | |
| Bedroom | 10 × 17 feet | |
| Bedroom | 9 × 15 feet | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.7 × 17.1 feet | |
| Bedroom | 10.2 × 13.8 feet | |
| Bedroom | 13.1 × 14 feet | |
| Bedroom | 9.3 × 16.9 feet | |
| 4pc Bathroom | 6.2 × 13.7 feet | |
| Kitchen | 11.8 × 15.2 feet | |
| Dining room | 11.6 × 18.2 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
1.44%
Cap rate
5.15%
GRM
12.9
Break-even rent
$3,171
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 Jun 12, 2026.
Location of this listing. Distances are straight-line.
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