3930 55 Avenue
Red Deer, Alberta
MLS® A2358454
$1,500,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- A2358454
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1971
Listing description
Bon Air Manor in West Park offers 12 two-bedroom suites with an opportunity to improve rental income. Offered at $1,500,000, or $125,000 per suite, this 3 floor, walk-up apartment building features generous sized 800 sq ft suites with balconies, shared laundry facilities and 12 on-site surface parking stalls with power. Improvements include renovations to three suites, balcony railing upgrades and replacement of approximately 40% of the windows.
Current rents are well below market leaving room for future growth as suites are improved and rents increase over time.
Property summary
- MLS® number
- A2358454
- Property type
- Multi-family
- Building type
- Multi-Family
- Size
- 7,680 sq ft
- Land size
- 19748 square feet
- Built in
- 1971
- Annual property taxes
- $16,551.00
- Parking
- 12 spaces
- Days on market
- 0 days
Features & details
- Heating
- Natural gas
What would this home cost you?
Based on the $1,500,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX real estate central alberta, Red Deer.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.