New MLS® Listings < 250K
1174 Albert Street
Washington Park
Regina
S4R 2R1
$2,599,900
Multi-Family
built: 1918
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- SK022299
- Year Built:
- 1918
- Photos (38)
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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 Area:
- Regina
- Listing Subarea:
- Washington Park
- Property Type:
- Multi-Family
- Property Sub Type:
- Residential & Commercial
- Building Type:
- Low-Rise (3 floors and under)
- Num Storeys:
- 3
- Year built:
- 1918 (Age: 107)
- Taxes:
- $20,075 / 2025
- Ownership Title:
- Freehold
- Number of Elevators:
- 0
- Smoke Detector:
- Yes
- Sprinkler system:
- No
- Heating:
- Hot Water, Natural Gas
- Floor finish:
- Wood
- Construction:
- Mixed
- Exterior Finish:
- Brick
- Shared Laundry
- Occupancy:
- Tenant, Vacant
- Site Influences:
- Public Transit Nearby, Shopping Center
- Equipment Included:
- Fridge, Stove, Washer, Dryer
- # Units:
- 0
- Bachelor Units:
- 0
- 1-Bedroom Units:
- 13
- 2-Bedroom Units:
- 6
- 3-Bedroom Units:
- 0
- Total 4 bedroom units:
- 0
- Total 5 bedroom units:
- 0
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Listed by eXp Realty
Data was last updated November 5, 2025 at 03:35 AM (UTC)
- Jen Welykholowa
- JC Realty Regina
- (306) 527-2473
- jen@w2realtyteam.com
- Karin Wees
- JC Realty Regina
- (306) 591-5951
- karin@w2realtyteam.com
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