1174 Albert ST, Regina, SK S4R 2R1
1174 Albert ST, Regina, SK S4R 2R1
1174 Albert ST, Regina, SK S4R 2R1
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$2,399,900
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Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Washington Park

MLS Listing ID SK022299

HOA Y/N No

Year Built 1918

Annual Tax Amount $20,075

Tax Year 2025

Property Sub-Type Mixed Use

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.

Location

Province SK

Community Laundry Facilities, Public Transportation, Shopping

Area Regina

Interior

Heating Hot Water, Natural Gas

Flooring Wood

Fireplace No

Appliance Dryer, Refrigerator, Stove, Washer

Laundry Common Area

Exterior

Community Features Laundry Facilities, Public Transportation, Shopping

Building

Lot Description Sprinklers None

Dwelling Type Low Rise,Multi Family

Others

Pets Allowed No

Ownership Freehold

Security Features Smoke Detector(s)

Virtual Tour https://drive.google.com/file/d/1qQiIqK7p4Ul5R_LXsJuELjN-cgnQc7-U/view?usp=sharing

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Listed byeXp Realty
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1174 Albert ST

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