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Red Deer,AB T4P 1R5
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 2,086 sqft
Price per Sqft $330
Subdivision Normandeau
MLS Listing ID A2264661
Year Built 1978
Annual Tax Amount $6,121
Tax Year 2025
Lot Size 8,587 Sqft
Acres 0.2
Property Sub-Type 4 plex
Source Central Alberta
Property Description
Excellent investment opportunity! This well-maintained 4-plex offers steady rental income and long-term potential for real estate investors. Each self-contained suite features 2 bedrooms, 1 full bathroom, and in-suite laundry for tenant convenience. The property is ideally located close to schools, parks, and within walking distance to Parkland Mall, ensuring strong tenant appeal. Recent building upgrades include new siding, fascia, and downspouts (2025), as well as re-surfaced decks with metal railings and a chain-link fence surrounding the property for added safety and security. Paving blocks were replaced in 2024. Inside, the units were updated approximately 20 years ago with modernized cabinetry, vinyl plank flooring in the basement suites, and carpeted upper units. The lower units feature two separate entrances and a dug-out patio area perfect for BBQs and outdoor seating. A solid, income-producing property with valuable recent improvements and a convenient location—ready to add to your portfolio!
Location
Province AB
County Red Deer
Zoning R-M
Interior
Interior Features Laminate Counters
Heating Boiler
Flooring Carpet,Linoleum,Vinyl
Appliance Dishwasher,Electric Stove,Refrigerator,Washer/Dryer
Laundry In Unit
Exterior
Parking Features Alley Access,Off Street,Parking Pad
Garage Description Alley Access,Off Street,Parking Pad
Fence Fenced
Total Parking Spaces 4
Building
Lot Description Back Lane,Landscaped
Foundation Poured Concrete
Others
Restrictions None Known
Tax ID 102690337
Ownership Private