3918 50 Street, Red Deer, Alberta T4N 1W3
$349,900
- 4 bedrooms
- 1 bathroom
- 897 Square Feet
Turnkey investment opportunity with a legal basement suite built just 5 years ago, currently generating $2,650 per month in rental income, with tenants paying most utilities.The main floor offers 2 bedrooms, a good-sized living room, a cozy kitchen, and a 4-piece bath. The legal basement suite mirrors that layout with 2 bedrooms, a 4-piece bath, a full kitchen, and a separate living area. Each suite has its own in-suite laundry, and the suites are separately heated and ventilated, which keeps tenant comfort high and utility allocation simple.Additional features include a double car garage with additional off-street parking, plus a fully fenced shared ... read more
Turnkey investment opportunity with a legal basement suite built just 5 years ago, currently generating $2,650 per month in rental income, with tenants paying most utilities.The main floor offers 2 bedrooms, a good-sized living room, a cozy kitchen, and a 4-piece bath. The legal basement suite mirrors that layout with 2 bedrooms, a 4-piece bath, a full kitchen, and a separate living area. Each suite has its own in-suite laundry, and the suites are separately heated and ventilated, which keeps tenant comfort high and utility allocation simple.Additional features include a double car garage with additional off-street parking, plus a fully fenced shared yard.A solid addition for investors looking to build a portfolio, or for an owner-occupier who wants help carrying the mortgage. Newer legal suite construction means less capital risk than older conversions, and with stable rental income and low tenant utility exposure, the numbers are easy to underwrite. (id:39198)
- Listing ID: A2358524
- Property Type: Single Family
- Year Built: 1953
| Property | |
|---|---|
| Style: | Bungalow |
| Ownership: | Freehold |
| Lot Size: | 6250 Sqft (4,051 - 7,250 Sqft) Fence, Partially Fenced |
| Parking: | Detached Garage 5 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Hood Fan, Range, Washer/Dryer Stack-Up, Window Coverings and Refrigerator |
| HVAC: | Baseboard Heaters, Fireplace, Forced Air and Radiant Heat Natural Gas |
| Exterior: | Stucco and Wood Siding |
| Basement: | Full (Finished) |
| Location | |
|---|---|
| Town: | Red Deer |
| Province: | Alberta |
| Rooms | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 11.42 ft x 8.75 ft |
| Primary Bedroom | Main level | 12.83 ft x 12.17 ft |
| 4pc Bathroom | Main level | 8.00 ft x 6.83 ft |
| Dining room | Main level | 11.42 ft x 8.92 ft |
| Kitchen | Main level | 5.33 ft x 8.08 ft |
| Living room | Main level | 13.00 ft x 16.75 ft |
| Other | Unknown | 11.67 ft x 14.33 ft |
| Bedroom | Unknown | 12.17 ft x 10.08 ft |
| Recreational, Games room | Unknown | 12.58 ft x 9.50 ft |
| Primary Bedroom | Unknown | 12.00 ft x 11.50 ft |
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