For Sale: 3918 50 Street, Red Deer, AB - REW
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$349,900
4 bd • 1 ba • 897 sf • House
3918 50 Street
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$349,900
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3918 50th StreetRed Deer, AB, T4N 1W3

  • 4 Bed
  • 1 Bath
  • 897 Sqft
  • House

About this home

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.
Listed by: Dean Leischner, CIR Realty

Home facts and features

Price details
List Price
$349,900
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Home facts
Bedrooms
4
Full Bathrooms
1
Parking Spaces
5
Property Type
House
Lot Size
6250 ft²
Frontage
50.00 sqft
Year Built
Built in 1953 (73 yrs old)
Style
Bungalow
Exterior Finish
Stucco, Wood Siding
Heating Type
Baseboard, Boiler, Make-up Air, Forced Air, Natural Gas, Radiant
Basement Details
Full
Features
In Basement, Laminate Counters, Lower Level, Main Level, No Smoking Home, Tankless Hot Water
Appliances
Dryer, Range, Range Hood, Refrigerator, Washer & Dryer
Agent details
Primary Agent
Primary Broker
CIR Realty
Listing details
Days on REW
1 Day
MLS® Number
A2358524
Source
Pillar 9
Board
Central Alberta REALTORS® Association
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Property Insights

South Side Christian School
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Escuela Vista Grande
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Joseph Welsh School
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St. Thomas Aquinas School
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École Camille J Lerouge School
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Annie L Gaetz School
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Outreach School Centre
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Quest High School
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Call Agent
Dean Leischner
Phone:
(587) 899-3535
Cell:
587-899-3535
Office:
403-358-3883
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