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Location
Key Details
$2,599,900.00
Residential & Commercial
1918
Regina
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.
Listing courtesy of Exp Realty
More Info
City: Regina
Year Built: 1918
Type: Low-rise (3 Floors And Under)
Amenities: Shared Laundry
Elevators: 0
Exterior: Brick
Heating: Hot Water, Natural Gas
Appliances: Fridge,stove,washer,dryer
Smoke Detectors: Yes
Listed By: Exp Realty