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Royal LePage
Royal LePage
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$689,000

Red Deer AB, T4P 1R5

MLS® # A2264661

Property Information:

Excellent investment opportunity! This well-maintained 4-plex offers steady rental income and long-term potential for real estate investors. Each self-contained suite features 2 bedrooms, 1 full bathroom, and in-suite laundry for tenant convenience. The property is ideally located close to schools, parks, and within walking distance to Parkland Mall, ensuring strong tenant appeal. Recent building upgrades include new siding, fascia, and downspouts (2025), as well as re-surfaced decks with metal railings and a chain-link fence surrounding the property for added safety and security. Paving blocks were replaced in 2024. Inside, the units were updated approximately 20 years ago with modernized cabinetry, vinyl plank flooring in the basement suites, and carpeted upper units. The lower units feature two separate entrances and a dug-out patio area perfect for BBQs and outdoor seating. A solid, income-producing property with valuable recent improvements and a convenient location—ready to add to your portfolio!

Inclusions: N/A

Building Features:

  • Total Finished Area: 2086.00

Property Features:

  • Built in: 1978
  • Floor Space (approx): 2086.00 Square Feet
  • Flooring: Carpet, Linoleum, Vinyl
  • Foundation Details: Poured Concrete
  • Heating: Boiler
  • Interior Features: Laminate Counters
  • Lot Size: 8587.00 Square Feet
  • Parking Features: Alley Access, Off Street, Parking Pad
  • Zoning: R-M
  • No. of Parking Spaces: 4

Courtesy of: Realty Experts Group Ltd

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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⚠ Potential Investment Performance

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Location of 7 Nyberg Avenue, Red Deer, AB, T4P 1R5

Demographic Information of 7 Nyberg Avenue, Red Deer, AB, T4P 1R5

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$90,141.90

Average Number of Children

1.86

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.0 %

High school certificate or equivalent

40.54 %

Apprenticeship trade certificate/diploma

11.2 %

College/non-university certificate

19.52 %

University Degree

4.74 %

Commuter

Travel To Work

By Car

83.67 %

By Public Transit

2.07 %

By Walking

8.15 %

By Bicycle

1.38 %

By Other Methods

4.73 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

16.94 %

Houses

83.06 %

Own Vs. Rent

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