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