The Regina Police Service said they responded to a firearms call at a business on the 400 block of Albert Street, just before 2:00 p.m on the afternoon of Thursday, April 19.
The investigation had led them to a home on Athol Street, just south of the intersection of Athol and 8th Avenue.
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Police are still determining the validity of the report, and so far, no firearms have been recovered.
There were 10 police cruisers on scene, as well as a K-9 unit. One officer said they had diverted bus routes from Scott Collegiate as a precaution.
Two people are in custody as the investigation continues.
Stay connected to Global News for details as the story develops.