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In-PersonVirtual Tour
$ 2,599,900
Est. payment | /mo
$ 2,599,900
Est. payment | /mo
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 7.1% 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
Listed by eXp Realty