Property Details

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Featured in:

Winners:

7 Nyberg Avenue
Red Deer (A2264661)

$689,000
2,086 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

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!

Property details

Basic Info

MLS® #
A2264661
Property Type:
Multi-Family
Subtype:
4 plex
Subdivision:
Normandeau
Price
$689,000
Sale/Lease:
For Sale
Size:
2,086 sq.ft.
Year Built:
1978 (47 years old)

Building Info

Structure Type:
Four Plex
Garage:
No
Parking:
Alley Access, Off Street, Parking Pad
Fence:
Fenced
Basement:
No
Features:
Laminate Counters
Inclusions:
N/A
Appliances:
Dishwasher, Electric Stove, Refrigerator, Washer/Dryer
Laundry:
In Unit

Lot / Land Info

Lot Size:
0.20 acres
Lot Features:
Back Lane, Landscaped
Zoning:
R-M

Materials & Systems

Floors:
Carpet, Linoleum, Vinyl
Foundation:
Poured Concrete
Heating:
Boiler

Listing Info

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

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