Welcome to 1533 Elphinstone Street! Nestled in the heart of Regina, this charming 2-bedroom, 1-bathroom home offers an incredible opportunity for first-time buyers and savvy investors alike. At 520 square feet, this well-maintained property delivers comfort, convenience, and serious potential at an unbeatable price point. Step inside and discover a cozy living space that's been thoughtfully cared for over the years. Major mechanical upgrades have already been completed, including a newer high-efficiency furnace, new sewer line with backflow protection, new water lines, and a rented water heater — giving you peace of mind from day one. Whether you're looking to move in and make it your own or capitalize on strong rental demand (home has been consistently rented for close to 30 years) in this sought-after neighborhood, this home checks all the boxes. The renovation potential here is truly exciting. With a solid foundation of essential upgrades already in place, creative buyers can transform this property into a stylish Cathedral gem that reflects their personal vision while building meaningful equity. Location is everything, and this address delivers. You're just steps from Mosaic Stadium and the vibrant REAL District, minutes from Pasqua Hospital, and surrounded by everyday conveniences like Cathedral Safeway. Families will appreciate the proximity to Sacred Heart Community School and Scott Collegiate, while Confederation Park offers green space and recreation just around the corner. Opportunities like this don't last long. Book your showing today!