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Regina · Single Family · under $475,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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53 Darke CRESCENT
Versatility by the University. Three types of buyers are going to want this property. You might be one of them. This well-maintained corner-lot bungalow, literally steps from the University of Regina, offers a great opportunity whether you’re a first-time buyer, keeping family close or an investor seeking a turnkey income property. Original hardwood flooring flows through a spacious, light-filled living room into the dining area. A comfortable family room addition extends the main floor further adding generous living space that isn’t always found in a bungalow of this size. The bright kitchen features white cabinetry, stainless steel appliances and tiled flooring. Three (3) generous bedrooms and a refreshed full bathroom with new tub surround and vanity complete the main level. Fresh, modern paint throughout gives the space an immediately welcoming feel. Parking near the University is a known challenge this property quietly solves that. The corner lot provides additional parking, with direct access to the double attached garage, making it as practical as it is liveable. Downstairs, the permitted legal basement suite with a separate entrance offers genuine flexibility for multigenerational living or consistent student rental income from one of Regina’s most sought-after addresses. The basement suite features two (2) generously sized bedrooms, a spacious living room and a functional kitchen and dining area, providing a comfortable and practical layout for tenants or extended family. Many of the major updates have already been completed, allowing you to move in with confidence. Shingles (approx. 5 years), furnace (2 years), some triple-pane windows and refreshed finishes throughout. South facing backyard is landscaped, fenced, patio area and mature trees for additional privacy. Who do you know that’s been looking for exactly this kind of opportunity? As per the Seller’s direction, all offers will be presented on 07/14/2026 3:00PM. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 17 × 9.9 feet | |
| Other | 17.7 × 11 feet | |
| 3pc Bathroom | 10.8 × 6.3 feet | |
| Bedroom | 13.6 × 12.2 feet | |
| Laundry room | 11.7 × 9.8 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.4 × 20.5 feet | |
| Dining room | 10.2 × 10.1 feet | |
| Family room | 17 × 15.5 feet | |
| Kitchen | 10.4 × 10.6 feet | |
| Bedroom | 9.1 × 13.9 feet | |
| Bedroom | 10/1 | |
| Bedroom | 10.1 × 12.8 feet | |
| 4pc Bathroom | 4.1 × 4.1 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
8.07%
Cap rate
6.48%
GRM
10.9
Break-even rent
$2,692
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 Jul 10, 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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