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$ 1,399,000
Est. payment /mo
Active
4611 50 ST Red Deer, AB T4N 2C2
8,488 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 8,488 sqft
Price per Sqft $164
Subdivision Parkvale
MLS® Listing ID A2295424
Year Built 1978
Annual Tax Amount $7,763
Tax Year 2025
Lot Size 0.286 Acres
Acres 0.29
Property Sub-Type Row/Townhouse
Source Calgary
Property Description
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. $9000/month is the rent income. We have tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities.
Location
Province AB
County Red Deer
Zoning R-D
Interior
Appliance Electric Stove, Refrigerator, Washer/Dryer
Exterior
Total Parking Spaces 8
Building
Lot Description Square Shaped Lot
Level or Stories Two
Others
Restrictions None Known
Tax ID 102751025
Ownership Private
Listed by Grand Realty
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