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1174 Albert STREET

Washington Park, Regina, SK, S4R2R1

Listed by eXp Realty

$2,399,900

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  • 0 parking

Listed 351 days ago · MLS® SK022299

About this home

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:66966)

Details

Type
Multiplex
Style
Low rise
Property tax
$20,075 (2025)
Neighbourhood
Washington Park
Municipality
Regina

Interior

Fireplace
No
Appliances
Washer, Refrigerator, Stove, Dryer

Heating, cooling and services

Heating
Natural gas, Hot Water

Building and exterior

Style
Low rise
Year built
1918

Location

Location is approximate. See nearby homes on the map

Listed by eXp Realty.

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