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:60626)
| MLS® Number | SK022299 |
| Property Type | Multi-family |
| Neigbourhood | Washington Park |
| Amenities Near By | Public Transit |
| Amenities | Shared Laundry, Shopping Area |
| Appliances | Washer, Refrigerator, Dryer, Stove |
| Architectural Style | Low Rise |
| Constructed Date | 1918 |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water |
| Stories Total | 3 |
| Type | Multi-family |
| Acreage | No |
| Land Amenities | Public Transit |
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