This property at 4734 53 Street, Red Deer sold yesterday at $223,500 showing a person can still purchase an investment property at a reasonable price
If you’re looking to add to your property portfolio, starting to invest or want a home where you can rent a portion out to help with the mortgage, this home’s ideal.
There’s a 2 bedroom suite upstairs, a large 1 bedroom bachelor suite downstairs, and a large garage outback. This property earns $2200/month in rental income and you could own it with a mortgage below $1000/month! Live free downstairs while renting the upstairs and garage.
Here’s an excellent investment property in the heart of Red Deer. LEGALLY SUITED with a 2 bedroom suite on the main floor and a spacious single bedroom suite downstairs. Each suite has its own entrance and a shared entrance each. Some of the original charm has remained with the archways and hardwood flooring. The large maturely treed yard is fully fenced and there’s a large high ceiling 28′ x 24′ detached garage outback. Currently, each suite and the garage are fully rented. The main floor suite rents at $1100/month, the lower suite rents at $800/month, and the garage at $300/month. In addition to the large garage this property has off-street parking in the front (1 stall) and the back (2 stalls).