Property Details

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Featured in:

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3721 46 Street
Red Deer (A2251283)

$395,000
3
2
833 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

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.

Property details

Basic Info

MLS® #
A2251283
Property Type:
Residential
Subtype:
Detached
Subdivision:
Eastview
Price
$395,000
Sale/Lease:
For Sale
Size:
833 sq.ft.
Bedrooms:
3
Bathrooms:
2
Year Built:
1957 (68 years old)

Building Info

Structure Type:
House
Building Style:
Bungalow
Garage:
Yes
Parking:
Double Garage Detached, Oversized
Fence:
Fenced
Basement:
Finished, Full, Separate/Exterior Entry, Suite, Walk-Up To Grade
Features:
Open Floorplan
Inclusions:
Suite Fridge, Suite Stove, Shed
Appliances:
Dryer, Electric Stove, Garage Control(s), Range Hood, Refrigerator, Washer
Laundry:
In Basement
Exterior Features:
Other, Private Yard
Patio/Porch Features:
Deck

Neighborhood Info

Nearby Amenities:
Schools Nearby, Sidewalks, Street Lights

Lot / Land Info

Lot Size:
0.14 acres
Lot Features:
Landscaped, Wooded
Zoning:
R-D

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Stucco,Wood Siding
Floors:
Carpet, Ceramic Tile, Linoleum
Foundation:
Block
Heating:
Forced Air, Natural Gas
Cooling:
None
Amenities:
Schools Nearby, Sidewalks, Street Lights

Listing Info

Possession:
Subject To Tenancy
Days on Market:
1
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Grassroots Realty Group Ltd.
1-833-477-6687

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