1301 Princess St, Regina, Saskatchewan Regina SK CA

ONLINE AUCTION - ENDING JUNE 27 VISIT MCDOUAGLLAUCTION.COM for more details

The Washington Park neighbourhood of Regina is located centrally in the city and has multiple businesses and restaurants.  It is one of the oldest neighbourhoods of Regina. Although the city-states Washington Park was established as a subdivision in 1912, there are actually some buildings standing today that were built prior to 1912.  The Territorial Administration Building for one, is a Provincial Heritage Property and one of the oldest buildings in Regina – built in 1890.  This building was the first permanent government office in the area and actually predates the province of Saskatchewan – the land was considered Northwest Territories when this was built and was transferred to the newly created Province of Saskatchewan in 1905. Washington Park has a higher concentration of renters than home-owners and therefore many investors, and speculators regularly trade property here.  Landlords often find they can get a better return on investment in Washington Park revenue properties then other areas of the city.  First-time home buyers and new Canadians buying homes are also often drawn to the area as the average prices here tend to be lower then most other areas of Regina. This property is located 1301 Princess Street, it sits on the corner of Princess and 7th Avenue. The property consists of a bungalow house approximately 912 Sq Ft, with a full size basement. There is a single car garage (12 ft by 20 ft)  located at the rear of the property boundary, the entrance to the garage faces onto 7th Ave.  The house has two bedrooms upstairs and another in the basement. The kitchen, dining and living rooms are adjacent and located along the west side of the property. The main entrance is covered with a covered veranda. Living Room: 14 ft 5 by 12 ft 2 Dining Room: 9 ft 11 by 10 ft 10 Kitchen: 10 ft by 10 ft 5 4 Piece Bathroom: 6 ft 6 by 8 ft 5 Bedroom: 11 ft by 9 ft 5 Bedroom: 12 ft 10 by 10 ft 5

The house is dirty, and requires a good cleaning, and touch-up of various drywall damages. The roof is in significant need of repair, as all the shingles on the south-facing side have rotted away. This has allowed water to penetrate the house and has caused significant damage to the ceilings of various rooms, all on the south side of the house. This includes one bedroom, the Kitchen and rear entry.

The basement is braced along one side, and the concrete is crowning in one of the rooms.  The exterior of the house, is painted stucco, and the paint has peeled and cracks have formed in the stucco. The gutter has fallen off the roof line on the south side as well.

The property has a stove, fridge, washer, dryer, and natural gas furnace, but NO Hot Water Tank.

Purchaser is responsible for an additional $6500 on top of the bid amount to clear property tax arrears.

Lot OverviewViewing:Viewing by Request. Please call the Real Estate Team to book your appointment.Terms and Conditions:Auction will close on Tuesday June 27, 2023. 1.) Highest bid or any bid not necessarily accepted. 2.) Upon close of auction the highest bidder will be required to pay a non - refundable deposit with Certified Funds to McDougall Auctioneers of 10% plus the Buyer's Fee and applicable taxes within 24 hours. 3.) Remainder of funds to be paid into trust with your lawyer within 21 business days of acceptance of sale. 4.) The Purchaser shall be responsible for the costs of its solicitor and for the costs of registration of the appropriate transfer document(s), and any mortgage costs it might incur. 5.) Possession will occur 21 days following the sale agreement. 6.) All auction items are sold buyer beware and as is where is. 7.) Subject to a $1500 Buyers Fee. 8.) Sold free and clear of all liens and encumbrances. 9.) Offers subject to the approval of appropriate parties. 10.) Offers may be presented on the property while the auction is ongoing. Should an offer be accepted, the auction sale will be ended and registered bidders will be notified. 11.) Purchaser is responsible to pay Tax Lien # 125045962. (Approximately $6430.00) (Payable above and beyond the Bid Amount). THIS AUCTION SALE REQUIRES PRE-REGISTRATION!! A refundable deposit of $2,000 is required to participate in this sale. Please allow a minimum of 24 hours to be registered.NO FINAL DAY REGISTRATIONS WILL BE PERMITTED. Please contact our Real Estate office to start the registration process. Prior to contacting our office, please ensure you have your bidding account for McDougallbay.com completed and set up. Our Real Estate Office is available by phone or email, Monday to Friday 8 AM to 4:30 PM. Phone 306-271-1505. Email: [email protected] Refundable deposit will be returned within 5 business days to unsuccessful bidders. You may also provide us a copy of a void cheque so that we can return the deposit more quickly.Driving Directions to Sale Site: 1301 Princess Street Regina, SKFor More Information Regarding This Sale, Please Contact: Cory Hall at 306-541-4409 or 306-271-1505.

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