CIR REALTY

3500,3502,3504,3506,3508 48 Ave Avenue , Red Deer, 0262,T4N 3S3 ; Listing Number: MLS A2158142

3500,3502,3504,3506,3508 48 Ave Avenue

Red Deer

Update on 2023-07-04 10:05:04 AM

ACTIVE

Back to Results Previous Next

$ 999,500

BEDROOMS

1 + 1

BATHROOMS

2114

SQUARE FEET

1994

YEAR BUILT

MLS® Number

A2158142

PROPERTY TYPE

Residential

LISTING DATE

2024-08-15

A great start or addition to your investment portfolio, 5 individually titled townhouse condominiums. Rare to find such an attractive unique complex that has a great location on the south side across from the park and trail system with a view from every unit. Complex sits on 11,600 Sq ft lot with fenced off street paved parking with 2 stalls for each unit. Well maintained, upgraded vinyl fencing, upgraded decks and aluminum railings. New shingled installed 2024. Each unit offers open kitchen and dining area and 2 Pc bath on the main, lower level has 2 bedrooms, storage room, 4 Pc bath room and mechanical room, approx. 977 Sq ft finished per unit. Has great potential to generate 70,,000 per yr gross income and produce an attractive cap rate, and even greater if you want to maintain yourself. Each unit has individual billing for gas and power. Water sewer and garbage are billed to the complex. Note these are presently mainly owner occupied, no rent roll.

(403) 271-0600

COMMUNITY	South Hill
TYPE	Residential
STYLE	BLVL
YEAR BUILT	1994
SQUARE FOOTAGE	2114.0

BEDROOMS	2
BATHROOMS	2
BASEMENT	Finished, Full Basement
FEATURES

GARAGE	No
PARKING	Off Street, PParking Pad
ROOF	Asphalt Shingle
LOT SQFT	0

ROOMS	DIMENSIONS (m)	LEVEL
Master Bedroom	3.91 x 2.90	Lower
Second Bedroom	3.48 x 2.69	Lower
Third Bedroom
Dining Room	2.72 x 2.54	Main
Family Room
Kitchen	3.20 x 3.12	Main
Living Room	4.75 x 3.71	Main