For Sale · Multifamily

1555 Princess STREET, Regina

1555 Princess STREET, Regina, SK S4T3Z3

$990,000 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

91%

Year Built

2015

Lot Size

0.14331955922865014 ac

About this property

Turn-key multi-family investment opportunity at 1555 Princess Street in Regina! Built in 2015, this well-maintained 6-unit residential property offers a strong and versatile suite mix with one 1-bedroom, three 2-bedroom and two 3-bedroom units. Designed with modern tenant appeal in mind, the suites feature bright open-concept layouts, contemporary white cabinetry, durable flooring, full appliance packages and in-suite laundry. Situated on a 6,243 sq. ft. corner lot, the property also provides six on-site parking stalls. Natural gas forced-air heating is individually controlled and charged directly to tenants, helping streamline operating costs for ownership. Convenient access to public transit, major routes and nearby amenities, this newer multi-family asset offers an appealing combination of modern construction, functional layouts and long-term income potential. An excellent opportunity for investors looking to expand their portfolio with a purpose-built rental property in Regina. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$990K
Down payment30% · $297K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$40K

Annual cash flow

$-14K

Cash-on-cash

-4.86%

DSCR

0.74

Going-in cap

4.08%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

86,291

Households

35,969

Median income

$65,500

Median age

37.6

Daytime population

80,169

5-yr growth

1.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1555 Princess STREET, Regina.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.