Civic Address: 45 Cecil Crescent, Regina, Saskatchewan
ONLINE BIDDING • OFFERS WELCOME • AVAILABLE FOR IMMEDIATE PURCHASE
BUY NOW PRICE: $179,000 CAD
An opportunity to acquire a residential development property in Regina, Saskatchewan, featuring an existing approximately 1,500 sq. ft. ICF basement foundation, original building plans, and a detached garage.
The property is being offered through online bidding, with a Buy Now price of $179,000 plus applicable taxes.
Offers will also be considered throughout the bidding period.
No need to wait for bidding to close! The property is available for immediate sale. If a Buy Now purchase or other offer is submitted and accepted, online bidding will be halted immediately.
Property Information
Civic Address: 45 Cecil Crescent, Regina, SK
Legal Land Description: Lot 5, Block 10, Plan # EX5374
Title Number: 118261885
Converted Title: 99RA28290
Lot Dimensions: 45' × 135' (approximately 6,075 sq. ft.)
Foundation: Approximately 1,500 sq. ft.
Basement: Existing 10-foot-high insulated concrete form (ICF) basement with concrete floor
Existing Construction: Foundation and floor joists
Garage: Detached garage included
Building Plans: Original building plans included
Existing Construction & Condition
The property consists of an existing approximately 1,500 sq. ft. ICF basement foundation with 10-foot-high walls, a concrete floor, and installed floor joists.
The existing upper-floor sheeting will require removal and replacement before construction can continue.
The property is being sold as-is, where-is, in its current condition. Purchasers are responsible for conducting their own inspections and determining the requirements and costs associated with completing construction.
Building Plans & Renderings
Original building plans are included with the property. Detailed working drawings will be provided to potential purchasers upon request.
AI-generated renderings are included in the marketing materials to illustrate the proposed completed residence based on the original plans. Renderings are conceptual only and do not represent the property's existing condition.
Municipal Building Requirements
Building arrangements and requirements for continuing construction will need to be discussed with the City of Regina upon transfer of title.
Construction may be required to commence within a relatively short period following the transfer of title. Specific requirements and timelines remain subject to confirmation and may change as additional information becomes available.
Purchasers are encouraged to verify all applicable building permits, approvals, and construction requirements directly with the City of Regina before purchasing.
Included & Excluded Items
Included in Sale:
Existing foundation and construction improvements
Detached garage
Original building plans
Not Included in Sale:
Tin storage sheds, Metal Fencing Surrounding Basement
Box truck
Sea Can Shipping Container, Etc. (Personal Removable Assets)
Online Bidding, Buy Now & Offers
The property is being offered through online bidding, with a Buy Now price of $179,000 CAD.
Interested purchasers may submit an offer at any time during the bidding period. Offers will be presented for consideration, and the seller reserves the right to accept or reject any offer.
If a Buy Now purchase or other offer is submitted and accepted, online bidding will be halted immediately and the property will be considered sold, subject to the applicable purchase terms and conditions.
The seller is not obligated to wait until the scheduled close of online bidding to accept an offer. The highest or any bid or offer is not necessarily accepted.
Offer Submissions & Inquiries
To submit an offer or discuss immediate purchase, please contact:
Loren McDougall
McBids Auctioneers & Appraisers Inc.
306-551-6457
[email protected]
Tam Kostenuk
McBids Auctioneers & Appraisers Inc.
306-591-7489
[email protected]
Regina Office:
Building 13, New Horizon Business Park
Pilot Butte, Saskatchewan
Office: 306-552-4007
Written offers may be submitted to Loren or Tam for presentation to the seller. All offers are subject to seller acceptance and the applicable sale terms. Prospective purchasers should contact McBids to obtain the required offer documentation and submission instructions.
Important Sale Information
The property is offered in its current condition, without warranty or representation as to the suitability of the existing construction for completion. All measurements, improvements, title information, development potential, municipal requirements, and applicable taxes and closing costs are to be independently verified by purchasers.
An appraisal has been completed for the property and values the property in its current condition at approximately $225,000 CAD; however, the appraisal is non-transferable, and will not be provided to prospective purchasers. Information can be used as a guideline.
AVAILABLE FOR IMMEDIATE SALE — BUY NOW FOR $179,000 OR SUBMIT YOUR OFFER TODAY.
ADDITIONAL TERMS OF SALE
The property shall be offered for sale through a Buy Now option, reserved online auction, or accepted Offer to Purchase.
The Buy Now option shall take precedence over all other offers and ongoing negotiations. Upon a purchaser exercising the Buy Now option, the property shall be considered sold, and online bidding and any outstanding offer negotiations shall immediately cease. The Buy Now purchase shall take priority regardless of any existing bids, submitted offers, or negotiations in progress, subject to the applicable terms and conditions of sale.
The property shall be sold free and clear of all liens and encumbrances.
Property Taxes will be prorated as of the possession date.
Subject to $1250 Administration Charge to purchaser on the final settlement in addition to the bid price, subject to applicable taxes.
McBids Auctioneers reserves the right to reject any bid, verify bidder capability. Highest Bid not necessarily accepted.
Transfer Fees are to be split evenly between the seller and the purchaser. Transfer will be completed by Scott A. Mazinke of Willows LLP.
Should the Purchaser elect to retain independent legal counsel, the Purchaser shall remain responsible for 50% of the legal fees charged by Scott A. Mazinke of Willows LLP, in addition to all fees and expenses associated with obtaining and retaining legal representation of their choosing.
Offers are to be submitted with an immediate 10% Deposit within 24 hours.
FULL PURCHASE PRICE, applicable taxes and fees due within 72 Hours of the online auction closure.
Opening bid is $5000 CAD and if other forms of purchase are not exercised, the high bid will be tabled as an offer, but not necessarily accepted.
Possession Date will be determined by legal counsel and expedited as quickly as possible due to the nature of the sale.
TAXES & ADJUSTMENTS
Property taxes adjusted as of possession date.
Purchase price subject to applicable taxes (where applicable).
PROPERTY CONDITION
Property sold “AS IS, WHERE IS”
No Warranties or Representations:
The property is being sold strictly as-is, where-is. No warranties or representations of any kind are made by the seller or auctioneer, whether express or implied.
Bidder Acknowledgement – Inspection Opportunity:
The bidder acknowledges that they have been provided a reasonable opportunity to inspect the property and/or obtain independent inspections prior to offer. By placing an offer, the purchaser accepts the property in its current as-is, where-is condition, with all faults, and without reliance on any representations or warranties made by the seller or auctioneer.