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A2258892 - 4611 50 Street , Red Deer, Alberta T4N 2C2




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An exceptional investment opportunity with these EIGHT units, fully rented Condo Townhouse, located in a prime location, just steps away from the park, walking trail, shopping center, and all essential amenities. With ample stall parking on site, this building is perfectly positioned for renters. All eight units are two bed/1.5 bath units, with the potential of adding one extra in the main level. one of the units have been completely renovated. New roofing replaced in 2013. Property has 24 hour video surveillance system. The building has been condominiumized with all 8 individually titled allowing the investor to hold as a long term investment or can sell individually in future. $250/unit/month condo fee currently. $8150/month is the rent income. We have some tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities.

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ESSENTIAL
MLS®:A2258892
Price:1,599,000.00
Type:Multi-Family
Sub Type:Row/Townhouse
Lot Size:12,450 sq. ft.
Levels:Two
Total Sqft:8488 Sqft.
RestrictionsNone Known
DOM40
INTERIOR SNAPSHOT   


COMMUNITY DETAILS
Address:4611 50 Street , Red Deer, Alberta T4N 2C2
City:Red Deer
Subdivision:Parkvale
County:Red Deer
Province:Alberta
Postal Code:T4N 2C2
School: Schools
Housing:Housing Market
Statistics:Real Estate Statistics
EXTERIOR
Year Built:1978
Structure Type:Other
Zoning:R-D
Parking Total:8
ROOM DIMENSIONS


Inclusions: -
Lot Features: Square Shaped Lot



Courtesy: Grand Realty


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Big John Peterson - RE/MAX Realty Professionals
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We would highly recommend Big John and his team. Selling a property can be highly stressful. They alleviated much of that stress by keeping us informed throughout the whole process. Their professional advice was invaluable. We truly appreciated all of the team and thank them for their service
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We had a great experience years ago when Big John was our realtor of choice. Some things have changed but, Big John was every bit as professional now as years ago, Thanks to technology, the photos, video and brochures were absolutely great! When we saw our home on the website, we wanted to buy it. The showing process was also excellent. Easy to approve a showing and easy for us to make arrangements. Hopefully, we won't need Big John's services any time soon but, we will definitely recommend him and his team to anyone that should ask. Thank you for making the experience a positive one. Best regards Jim and Leslie G.
Jim and Leslie G.

Parkvale Housing Trends


November 4th 1:00pm

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Office: 403-244-5646

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FAQs about 4611 50 Street , Red Deer,
Alberta, T4N 2C2

4611 50 Street MLS® A2258892 has an approximate size of 8,488 Sq. Ft. located in Parkvale.

Nearby schools include read Schools & resources

There are 0 bedrooms and 0 bathrooms in this Multi-Family listing at 4611 50 Street , MLS® A2258892.

This Multi-Family listings is priced at $1,599,000.

This property is located at 4611 50 Street , Red Deer, Alberta, T4N 2C2 in the Parkvale community on the market for 40 days. View location on Google maps.

You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our Parkvale community resources page.