38
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$2,399,900
Est. payment /mo
Price Dropped by $100K
1174 Albert STREET Regina, SK S4R2R1
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Washington Park
MLS® Listing ID SK022299
Style Low rise
Year Built 1918
Property Sub-Type Freehold
Property Description
Discover a rare gem in Regina's vibrant rental market: the Albert Street Properties Inc. Portfolio, a well-maintained collection of residential apartments and commercial spaces spanning prime addresses on Albert Street . As of September 2025, this income-producing asset delivers a projected cap rate of 7.3% with low vacancy and built-in growth through annual escalations and quick-fill residential units. With heat and water included for residents (tenants cover electricity), operational costs are streamlined, making this an ideal hold for passive income or value-add investors. Recent updates include plumbing, boiler, and roof replacement, ensuring minimal capex and reliable performance. This 19-unit residential complex paired with 5 high-traffic commercial spaces benefits from long-term leases (3-5 years, signed 2023-2025) that anchor stability, while the central location—steps from downtown amenities, the University of Regina, transit, and shopping—drives consistent demand in Regina's appreciating market. (id:24570)
Location
Province SK
Rooms
Kitchen 0.0
Interior
Heating Hot Water,
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 3
Architectural Style Low rise
Others
Ownership Freehold
Virtual Tour https://drive.google.com/file/d/1qQiIqK7p4Ul5R_LXsJuELjN-cgnQc7-U/view?usp=sharing
Listed by eXp Realty