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South Regina — Gardiner Drive · Hawkstone · Growing Residential Catchment

Greens on Gardiner / Hawkstone Commercial Real Estate

One of south Regina's fastest-growing suburban communities. New residential development on Gardiner Drive and adjacent streets is driving demand for neighbourhood commercial — convenience retail, food service, medical and multifamily rental investment opportunities.

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$18–26Neighbourhood Retail /sf Net
5.0–6.5%Multifamily Cap Rate
6.5–8.0%Retail Strip Cap Rate
GrowingSouth Regina Catchment
Property Types
What's Available in Greens on Gardiner / Hawkstone
Neighbourhood Retail
$18–26/sf net
Strip Mall · Convenience · Food Service
View Retail →
Medical / Professional
$16–22/sf gross
Dental · Physiotherapy · Insurance
View Office →
Purpose-Built Rental
Growing demand
New Development · Walk-Up · Low-Rise
View Multifamily →
Area Breakdown
Greens on Gardiner Submarkets
Gardiner Drive Retail Nodes
Convenience · Food Service · Strip Mall
Commercial nodes at key intersections along Gardiner Drive serve the growing residential population in the Greens on Gardiner master plan area. Convenience retail, coffee shops, fast food and neighbourhood services are the strongest demand drivers. New strip mall development is occurring at primary intersections.
$18–26/sfRetail Net
New BuildAvailable
Hawkstone Professional Services
Medical · Dental · Financial · Wellness
The Hawkstone area attracts neighbourhood-scale medical, dental, financial and wellness operators serving the growing south Regina residential base. New suburban office buildings in this area offer modern fit-out at competitive rents relative to the downtown and South Albert medical precinct.
$16–22/sfOffice Gross
7.0–8.5%Cap Rate
Multifamily & Residential
Purpose-Built Rental · Walk-Up · Townhome
The broader Greens on Gardiner area is an active location for purpose-built rental development. Tight rental vacancy across south Regina — driven by immigration and population growth — is creating development opportunity. Cap rates on newer purpose-built rental are 5.0–6.5% with strong rent growth potential.
5.0–6.5%Multifamily Cap
TightRental Vacancy
5.0–6.5%
Multifamily Cap Rate
6.5–8.0%
Retail Strip Cap Rate
$18–26
Retail Net /sf
Growing
Residential Base

Greens on Gardiner / Hawkstone — Market Overview

Greens on Gardiner is a master-planned residential community in south Regina along Gardiner Drive, one of the city's primary north-south arterials. The community continues to grow with new single-family homes, townhomes and low-rise residential, creating a steadily expanding catchment for neighbourhood commercial. Commercial nodes at key intersections serve daily convenience needs, with food service, pharmacy and professional services being the strongest tenant categories.

The broader Hawkstone area adjacent to Greens on Gardiner offers suburban professional services space — dental, medical, financial and wellness operators serving the south Regina residential base. These users require visibility, parking and proximity to their patient and client base rather than the premium addresses of the downtown or Wascana medical precinct.

Multifamily investment is active in south Regina. Purpose-built rental development is responding to tight rental vacancy across the city, and the Greens on Gardiner area's strong residential demand makes it a logical location for new rental supply. Cap rates of 5.0–6.5% on purpose-built product reflect the income quality and population growth trajectory of south Regina.

Asset ClassVacancyRent / RateCap Rate
Neighbourhood Retail5–9%$18–26/sf net6.5–8.0%
Professional / Medical Office7–12%$16–22/sf gross7.0–8.5%
Purpose-Built Multifamily2–4%Market rent5.0–6.5%
QSR / Convenience Pad<2%Ground lease5.5–6.5%
Greens on Gardiner FAQ

Frequently Asked Questions — Greens on Gardiner / Hawkstone Commercial Real Estate

What commercial real estate is available in Greens on Gardiner / Hawkstone?
Greens on Gardiner and Hawkstone offer neighbourhood retail centres, convenience-anchored strip malls, small medical and dental offices, and purpose-built rental multifamily. This area is one of south Regina's fastest-growing residential communities with active commercial development at key intersections.
What are retail rents in Greens on Gardiner?
Neighbourhood retail rents in Greens on Gardiner range from $18–26/sf net in 2025. New suburban strip mall space in high-growth residential areas commands premiums. Professional office space runs $16–22/sf gross depending on building age and fit-out.
What multifamily investment is available in south Regina?
South Regina including Greens on Gardiner is an active area for purpose-built rental multifamily development. Cap rates are 5.0–6.5% for newer purpose-built product. Per-door pricing for existing walk-up stock across south Regina is $85K–125K — well below Calgary and Edmonton comparables.
What cap rates apply in Greens on Gardiner?
Greens on Gardiner cap rates: neighbourhood retail 6.5–8.0%, purpose-built multifamily 5.0–6.5%, QSR and convenience pad 5.5–6.5%, professional office 7.0–8.5%. Higher retail cap rates than major cities reflect Saskatchewan's smaller market and buyer pool.
Is south Regina a good commercial investment area?
South Regina including Greens on Gardiner is one of the city's strongest growth corridors. New residential supply is being absorbed quickly and commercial demand follows residential growth. For investors seeking neighbourhood retail or multifamily income with a long-term growth story, south Regina is among the better opportunities in the province. Contact Canada's Home Commercial for current investment opportunities.

Find Commercial Space in Greens on Gardiner

Neighbourhood retail, medical office or multifamily investment — our team covers every commercial opportunity in south Regina's fastest-growing community.

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