3918 50 Street
Red Deer, Alberta
MLS® A2358524
$349,900
- Status
- Active
- Property type
- House
- MLS® number
- A2358524
- Bedrooms
- 4
- Bathrooms
- 1
- Year built
- 1953
1 / 16Listing description
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.
Property summary
- MLS® number
- A2358524
- Property type
- Single Family
- Building type
- House
- Square footage
- 897 sq ft
- Title
- Freehold
- Land size
- 6250 square feet
- Built in
- 1953
- Annual property taxes
- $2,754.00
- Parking
- 5 spaces · Detached Garage, Parking Pad, Other
- Days on market
- 0 days
Features & details
- Heating
- Baseboard heaters, Radiant heat, Forced air, Natural gas
- Cooling
- None
- Basement
- Finished, Full, Separate entrance, Suite
- Flooring
- Hardwood, Vinyl
- Appliances
- Refrigerator, Range, Hood Fan, Window Coverings, Washer/Dryer Stack-Up
- Exterior features
- Stucco, Wood siding
- Lot features
- Back lane, No Smoking Home
- Architectural style
- Bungalow
What would this home cost you?
Based on the $349,900 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 CIR Realty, 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.