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840 Argyle STREET
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Regina · Single Family · under $150,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Situated on a quiet block in the Washington Park neighborhood, this two-bedroom, one-bathroom home offers a functional and inviting floor plan. The main floor features a bright living room with a wood-burning fireplace and original hardwood flooring, and is open to the kitchen. The seller states there is also original hardwood under the carpet in both bedrooms. The basement is partially developed and provides plenty of room for storage. Washer and dryer are included. Other features include a high-efficiency furnace and central air conditioner (both new in 2021 and rented with a monthly fee). Shingles are approx 10 years old. The property also includes an oversized shed (previously used as a garage), a large fully fenced 5,000 sq ft yard, and room for two off-street parking spots at the back. Conveniently located near schools, parks, and public transit, this home is a great option for a first-time buyer or an investment property! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Other | — | |
| Laundry room | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 19.5 × 11.8 feet | |
| Kitchen | 11.9 × 10.4 feet | |
| Bedroom | 9.6 × 10.1 feet | |
| Bedroom | 11.8 × 10.4 feet | |
| 4pc Bathroom | — |
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
51.75%
Cap rate
15.21%
GRM
5.3
Break-even rent
$811
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 May 8, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.