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Royal LePage
Royal LePage
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$2,599,900

Regina SK, S4R 2R1

MLS® # SK022299

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Amenities: Shared Laundry, Shopping Area
  • Architectural Style:
  • Heating Type:
  • Heating Fuel: Natural gas
  • Appliances: Washer, Refrigerator, Dryer, Stove

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Amenities Nearby: Public Transit
  • Built in: 1918

Courtesy of: eXp Realty

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 1174 Albert STREET, Regina, Saskatchewan, S4R 2R1

Demographic Information of 1174 Albert STREET, Regina, Saskatchewan, S4R 2R1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$56,498.88

Average Number of Children

2.09

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

30.93 %

High school certificate or equivalent

42.86 %

Apprenticeship trade certificate/diploma

8.74 %

College/non-university certificate

11.27 %

University Degree

6.2 %

Commuter

Travel To Work

By Car

75.14 %

By Public Transit

1.69 %

By Walking

14.34 %

By Bicycle

0.0 %

By Other Methods

8.83 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.31 %

Houses

61.69 %

Own Vs. Rent

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