About this home

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. (id:63626)

Listed by: Shaheen Zareh, Salesperson, eXp Realty

Home facts and features

Price details

List Price

$2,399,900

Gross Taxes for 2025

$20,075

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Depth

Year Built

Built in 1918 (108 yrs old)

Title

Freehold

Style

Low rise

Heating Type

Natural gas, Hot Water

Features

Shopping Area

Amenities

Shared Laundry

Appliances

Dryer, Refrigerator, Stove, Washer

Agent details

Primary Agent

Shaheen Zareh

Primary Broker

eXp Realty

Secondary Agent

Aideen Zareh

Secondary Broker

eXp Realty

Listing details

Days on REW

215 Days

Property Views

170

MLS® Number

SK022299

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

9 Schools are within 3km

Albert School

n/a
K - 8
In Catchment

Harvest City Christian Academy

n/a
K - 12
In Catchment

Campus Regina Public

n/a
9 - 12
In Catchment

Scott Collegiate

n/a
9 - 12
In Catchment

Kitchener School

n/a
K - 8
In Catchment

Sacred Heart Community School

n/a
K - 8
In Catchment

Seven Stones Community School

n/a
K - 8
In Catchment

St. Luke School

n/a
K - 12
In Catchment

Lakeview School

n/a
K - 8
In Catchment

1174 Albert StreetRegina, SK, S4R 2R1