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Regina · Single Family · under $375,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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405 Lorne STREET
Welcome to 405 Lorne Street in Highland Park! Built in 2007, this well-maintained bi-level offers 877 sq. ft. on the main floor plus a fully developed basement, providing an excellent combination of functionality, space, and value. The bright open-concept main level features durable vinyl plank flooring, a spacious living room, and a modern kitchen with an abundance of cabinetry, stainless steel appliances, a stylish tile backsplash, and a large island with seating. The adjacent dining area offers direct access to the backyard deck, making it ideal for everyday living and entertaining. The main floor includes two comfortable bedrooms and a full 4-piece bathroom. Downstairs, the fully finished non regulation basement suite expands the living space with three additional bedrooms, a second 4-piece bathroom, and a versatile bonus room that could be used as a home office, hobby room, or additional storage area. Outside, you'll appreciate the low-maintenance backyard featuring attractive landscaping, a spacious deck with pergola, patio area, and plenty of room to relax or entertain. The property also offers a detached double garage and ample off-street parking, providing space for multiple vehicles. Additional features include central air conditioning, natural gas forced-air heating, heat recovery unit, rented water heater and water softener, asphalt shingles, vinyl siding, and a convenient location close to schools, parks, shopping, transit, and other north-end amenities. Whether you're looking for your first home, additional space for a growing family, or an investment opportunity with five bedrooms, this move-in ready property is one you won't want to miss! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.9 × 8.5 feet | |
| Bedroom | 8.5 × 12.2 feet | |
| Bedroom | 7.8 × 12.11 feet | |
| Other | 8.2 × 8.1 feet | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12.7 × 8.7 feet | |
| Living room | 23.1 × 9 feet | |
| Dining room | 8.7 × 11.11 feet | |
| Bedroom | 9 × 10 feet | |
| 4pc Bathroom | — | |
| Bedroom | 9.1 × 10.11 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
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Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
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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
19.36%
Cap rate
8.74%
GRM
8.6
Break-even rent
$2,146
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 19, 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.
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