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

Property Type Multi-Family

Sub Type Residential & Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID SK022299

Year Built 1918

Annual Tax Amount $20,075

Tax Year 2025

Property Sub-Type Residential & Commercial

Source Saskatchewan

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 Washington Park

Interior

Heating Hot Water, Natural Gas

Cooling Hot Water, Natural Gas

Flooring Wood

Appliance Fridge, Stove, Washer, Dryer

Exterior

Exterior Feature Brick

Amenities Available Shared Laundry

Building

Building Description Mixed, Low-Rise (3 floors and under)

Story 3.00

Structure Type Mixed

Others

Ownership Freehold

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

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Listed by eXp Realty
NEARBY SCHOOLS & PROPERTIES

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1174 Albert STREET

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