Exceptional Investment. Multi-family 26 unit apartment for purchase in the highly sought after Transition Area of Regina with tremendous land value attached as part of the purchase. Extensively renovated in Feb 2024 with over $1.2M invested and major work done such as upgrading power to accommodate electric heating and all units rebuilt from the studs. This 26-suite property features 14 bachelors and 12 one bedroom units. Each unit is generous in size with walk-in pantry/storage, new appliances (2024) and A/C for tenant comfort.2120 Lorne where the apartment is located is on a 75' x 125' lot(apprx). A separate adjacent parcel at 2134â2142 Lorne (approx. 125' x 125') contains 70 electrified parking stalls offers an attractive income source with 40 stalls currently rented at $135/month, or a potential redevelopment opportunity. The parking area was refurbished circa 2018 with welded steel posts and all new electrical conduit, weather-proof boxes and panels at each rail. (id:27476)
