Residential Income in Regina

CA$2,399,900

1174 Albert, S4R 2R1, Regina, SK

Residential Income for sale in Regina, 1174 Albert, S4R 2R1

1174 Albert, S4R 2R1, Regina, SK

CA$2,399,900

Type: Residential Income

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

1174 Albert, S4R 2R1, Regina, SK

Data

Object TypeResidential Income
Purchase PriceCA$2,399,900
Living Space0 m²
Plot SizeN/A
BathroomsN/A
Construction Year1918
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeHot Water, Natural Gas
Primary Energy SourceN/A
Construction Year1918
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent