2216 Lorne Street
Transition Area Regina S4P 2M7

$985,000
Commercial

Main Photo: 2216 Lorne Street in Regina: Transition Area Commercial for sale : MLS®# SK961677
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
SK961677
Build. Type:
Low-Rise (3 floors and under)
Discover an exceptional mixed-use property in Regina's Centre Square neighborhood, just a stone's throw away from downtown. This meticulously condo-ized three-story building with a full basement offers separate titles for its main, second, and third levels, along with individual electrical and natural gas meters. Currently divided into six units, featuring a blend of commercial and residential spaces, with potential for a seventh through a small office space, the property also provides ample on-site parking. Renovated to the highest standards, each unit (excluding the small office) boasts its own private entrance, bathroom, and kitchen, offering versatile usage options such as boutique hotel rooms, Airbnbs, studios, offices, or apartments. Furthermore, the property benefits from flexible zoning, allowing for various permitted uses including Dwelling Units, Residential Homestay/Bed & Breakfast, Day Care Centers, Social Service Homes, Nursery Schools, and Supportive Living Homes, making it an attractive investment opportunity for discerning buyers. Current tenant rental info in member remarks.
Listing Area:
Regina
Listing Subarea:
Transition Area
Property Type:
Commercial
Property Sub Type:
Mixed Use
Building Type:
Low-Rise (3 floors and under)
Home Style:
Multi-Level
Year built:
1939 (Age: 85)
Complex / Subdivision:
not formalized
Total Floor Area:
4,907 sq. ft.
Taxes:
$10,016 / 2024
Property Offered:
Buildings And Land
Ownership Title:
Condominium
Elevator:
None
Assets Include:
Parking
Smoke Detector:
Yes
Sprinkler system:
Yes
Heating:
Floor Model Furnace
Construction:
Masonry
Wheelchair Access
Condo Fees Assessed: No, Parking Facility: Yes
Condo Fee Includes:
Other
Management:
Self Managed
Management Company:
not applicable
Lot Size:
6,098.4 sq. ft.
Parking Places:
6.0
Date Listed:
Mar 08, 2024
Days on Mkt:
44
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Listed by Realty Executives Diversified Realty
Data was last updated April 21, 2024 at 11:35 AM (UTC)
Area Statistics
Listings on market:
64
Avg list price:
$594,450
Min list price:
$12
Max list price:
$4,999,999
Avg days on market:
96
Min days on market:
4
Max days on market:
363
Avg price per sq.ft.:
$156.84
These statistics are generated based on the current listing's property type and located in Regina. Average values are derived using median calculations.
JEFF HARMEL
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
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