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Royal LePage
Royal LePage
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$374,900

2+1 Beds

2 Baths

833 FEETSQ

QuickQuoteTM: $309K - $377K

Red Deer AB, T4N 1L5

MLS® # A2251283

Property Information:

Welcome to this excellent investment opportunity in the family-friendly Eastview neighborhood. This property offers a versatile setup, perfect for a homeowner or for an investor seeking a strong return on investment in Red Deer. The home features a practical layout with a 2-bedroom main floor unit and an exceptionally large 1-bedroom legal suite on the lower level, each with its own entrance- front and back. Both suites are rented to long-term tenants who would love to stay. The upstairs unit, which also includes use of the heated double garage, rents for $1,800 per month, while the downstairs suite rents for $975 per month. Utilities are included in rent. Together, the property currently generates a total monthly income of $2,775—all at an attractive purchase price of just $395,000. That is an outstanding buy with immediate cash flow in place. Several upgrades have already been completed. Both suites come equipped with appliances, including two fridges, two stoves, plus a washer and dryer in common space. The outdoor space is a highlight. A deck with built-in benches overlooks the backyard, perfect for relaxing or entertaining. The fully fenced yard facing south with mature trees adds privacy, shade, and character to the lot. The oversized heated garage at the back with alley access is a rare find and adds even more value for tenants. The surrounding neighborhood is peaceful and welcoming, with great neighbors and a true community feel that keeps tenants happy. Whether you are looking for a low-cost home with potential or want to grow your real estate portfolio with a reliable property, this Eastview home offers it all. With excellent tenants and an attractive price, this is truly a rare find. At just $395,000, currently generating $2,775 in monthly income, this is one of the best buys on the market today. Opportunities like this do not last long.

Inclusions: Suite Fridge, Suite Stove, Shed

Building Features:

  • Total Finished Area: 833.34

Property Features:

  • Bedrooms: 2+1
  • Bathrooms: 2+0
  • Architectural Style: Bungalow
  • Built in: 1957
  • Construction Materials: Stucco, Wood Siding
  • Cooling: None
  • Exterior Features: Other, Private Yard
  • Floor Space (approx): 833.34 Square Feet
  • Flooring: Carpet, Ceramic Tile, Linoleum
  • Foundation Details: Block
  • Heating: Forced Air, Natural Gas
  • Interior Features: Open Floorplan
  • Levels: One
  • Lot Size: 6050.00 Square Feet
  • Parking Features: Double Garage Detached, Oversized
  • Roof: Asphalt Shingle
  • Zoning: R-D
  • No. of Parking Spaces: 2

Courtesy of: RE/MAX real estate central alberta

Data provided by: Central Alberta REALTORS® Association 4922 45 St., Red Deer, Alberta T4N 1K6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Location of 3721 46 Street, Red Deer, AB, T4N 1L5

Demographic Information of 3721 46 Street, Red Deer, AB, T4N 1L5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$96,898.96

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.85 %

High school certificate or equivalent

38.0 %

Apprenticeship trade certificate/diploma

11.61 %

College/non-university certificate

21.4 %

University certificate (below bachelor)

0.16 %

University Degree

9.99 %

Commuter

Travel To Work

By Car

88.62 %

By Public Transit

4.59 %

By Walking

3.14 %

By Bicycle

0.0 %

By Other Methods

3.65 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

10.23 %

Houses

89.77 %

Own Vs. Rent

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