1174 Albert STREET, Regina, SK S4R2R1
1174 Albert STREET, Regina, SK S4R2R1
1174 Albert STREET, Regina, SK S4R2R1
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Adam Vetter

Adam Vetter

+1(403) 872-4392
$2,399,900
Est. payment /mo
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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

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Adam Vetter

Adam Vetter

+1(403) 872-4392

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