An attractive entry into Regina’s multi-family market, 2048 Rae Street is an 18-unit walk-up in the sought-after Cathedral neighbourhood, offering immediate cash flow and long-term upside. High-efficiency boilers installed in 2024 have reduced energy costs by 18%, and full occupancy with long-term tenants provides stable, in-place income.

SALE PRICE
$2,500,000

PROPERTY TAXES
$22,227 (2025)

SITE DETAILS
– 3-storey walk up building
– Steel frame, reinforced concrete floors, concrete block with brick veneer
– 18 suites made up of 1 bachelor, 5 one-bedrooms, and 12 two-bedrooms
– Fire alarm system with inspection records

LAND DETAILS
± 11,375 SF (± .26 acres), ± 91’ frontage x 125’

ZONING
RL –Residential Low-Rise

ASSUMABLE FINANCING
This property is financed under CMHC’s MLI Select program. The existing mortgage is assumable by a qualified buyer, meaning a new investor can step into long term, low-payment financing with minimal equity required at closing.