Homes for sale - 3721 46 ST, Red Deer, AB T4N 1L5

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Chris Forsyth

chrisforsyth@reddeerhouses.ca +1(403) 391-8141

$374,900

Est. payment - /mo

3 Beds

2 Baths

833 SqFt

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 833.34

Square Footage 833 sqft

Price per Sqft $450

Subdivision Eastview

MLS Listing ID A2251283

Style Bungalow

Bedrooms 3

Full Baths 2

Year Built 1957

Lot Size 6,098 Sqft

Property Sub-Type Detached

Property Description

Welcome to this excellent investment opportunity in the family-friendly Eastview neighborhood. This property offers a versatile setup, perfect for a homeowner or for an investor seeking a strong return on investment in Red Deer. The home features a practical layout with a 2-bedroom main floor unit and an exceptionally large 1-bedroom legal suite on the lower level, each with its own entrance- front and back. Both suites are rented to long-term tenants who would love to stay. The upstairs unit, which also includes use of the heated double garage, rents for $1,800 per month, while the downstairs suite rents for $975 per month. Utilities are included in rent. Together, the property currently generates a total monthly income of $2,775—all at an attractive purchase price of just $395,000. That is an outstanding buy with immediate cash flow in place. Several upgrades have already been completed. Both suites come equipped with appliances, including two fridges, two stoves, plus a washer and dryer in common space. The outdoor space is a highlight. A deck with built-in benches overlooks the backyard, perfect for relaxing or entertaining. The fully fenced yard facing south with mature trees adds privacy, shade, and character to the lot. The oversized heated garage at the back with alley access is a rare find and adds even more value for tenants. The surrounding neighborhood is peaceful and welcoming, with great neighbors and a true community feel that keeps tenants happy. Whether you are looking for a low-cost home with potential or want to grow your real estate portfolio with a reliable property, this Eastview home offers it all. With excellent tenants and an attractive price, this is truly a rare find. At just $395,000, currently generating $2,775 in monthly income, this is one of the best buys on the market today. Opportunities like this do not last long.

Location

Province AB

Community Schools Nearby, Sidewalks, Street Lights

Zoning R-D

Rooms

Basement Full

Interior

Interior Features Open Floorplan

Heating Forced Air, Natural Gas

Cooling None

Flooring Carpet, Ceramic Tile, Linoleum

Inclusions Suite Fridge, Suite Stove, Shed

Laundry In Basement

Exterior

Exterior Feature Other, Private Yard

Parking Features Double Garage Detached, Oversized

Garage Spaces 2.0

Fence Fenced

Community Features Schools Nearby, Sidewalks, Street Lights

Roof Type Asphalt Shingle

Building

Lot Description Landscaped, Wooded

Dwelling Type House

Story One

Foundation Block

New Construction No

Others

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Listed by RE/MAX real estate central alberta

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Chris Forsyth

+1(403) 391-8141

REALTOR®

3721 46 ST Red Deer, AB T4N 1L5

Chris Forsyth

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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