5928 52 Avenue
Red Deer, Alberta
MLS® A2349937
$499,000
- Status
- Active
- Property type
- House
- MLS® number
- A2349937
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 2015
1 / 29Listing description
INVESTOR ALERT! Welcome to this well-maintained corner-unit home in Riverside Meadows, offering an excellent opportunity for investors seeking a property with flexible living arrangements, a legal basement suite, and strong rental potential. The bright main level features a large east-facing window, bringing in plenty of natural light, along with new hardwood flooring throughout the main living spaces.
The main floor offers three bedrooms, while the fully developed legal basement suite provides an additional two bedrooms, giving the property a total of five bedrooms. The legal basement suite adds significant value and flexibility, featuring a large family room, separate laundry, and a separate entrance. The suite is currently occupied by long-term tenants who are willing to stay, providing a potential opportunity for a new owner to maintain the existing tenancy and rental income, subject to the applicable tenancy terms.
Outside, you'll find a large deck, perfect for entertaining or relaxing, along with newer fencing for added privacy. Parking is another major advantage, with six parking spaces in total, including two spaces at the rear of the property and three additional spaces within the gated RV parking area. The home also features a high-efficiency heating system, adding to its overall appeal for both homeowners and investors.
Located in Riverside Meadows, this property offers convenient access to local amenities, services, and transportation routes. Whether you're looking to expand your rental portfolio, house-hack, or purchase a property with multiple income-producing options, this is an opportunity worth taking a closer look at. Key Investor Features:Legal 2-bedroom basement suiteLong-term basement-suite tenants willing to stay5 bedrooms total3 bedrooms on the main levelSeparate suite entranceSeparate laundryLarge basement family roomNew hardwood flooringLarge east-facing windowHigh-efficiency heating system6 parking spaces / gated RV parking spaces2 additional rear parking spacesLarge deckNewer fencingCorner-unit locationRiverside MeadowsExcellent rental and house-hacking potential
Property summary
- MLS® number
- A2349937
- Property type
- Single Family
- Building type
- House
- Square footage
- 1,287 sq ft
- Title
- Freehold
- Land size
- 622 square meters
- Built in
- 2015
- Annual property taxes
- $4,567.00
- Parking
- 2 spaces · Other, RV
- Days on market
- 0 days
Features & details
- Heating
- Central heating
- Cooling
- None
- Basement
- Finished, Full, Separate entrance
- Flooring
- Laminate
- Appliances
- Dishwasher, Stove, Dryer
- Exterior features
- Concrete, Stucco, Vinyl siding
- Lot features
- Other, Back lane, Closet Organizers, No Animal Home
- Architectural style
- Bungalow
What would this home cost you?
Based on the $499,000 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 First, CALGARY.
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.