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Royal LePage
Royal LePage
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$650,000

Red Deer AB, T4N 5P9

MLS® # A2272222

Property Information:

This well-maintained 4-plex in Highland Green presents an outstanding investment opportunity with a stabilized CAP rate of 7.3%, and an impressive annual gross revenue of $67,668, with tenants responsible for ALL utilities. Recent updates include a newer roof, updated windows on the lower levels, and one unit featuring newer windows throughout. Each unit offers a comfortable bi-level design with 2 bedrooms and 1 bathroom, complete with in-suite laundry. The upper level hosts the kitchen, dining, and living areas, while the lower level features the bedrooms, bathroom, and laundry, enhanced by large windows that welcome abundant natural light. With gross monthly rents of $5,639, this property provides excellent cash flow. Each unit also includes an electrified parking stall in the back and additional off-street parking. Located near essential amenities such as the GH Dawe Pool, schools, shopping, and public transit, this 4-plex combines functional design, strong cash flow, and a prime location, making it an ideal opportunity for investors.

Inclusions: Washer x 4, Dryer x 4, Fridge x 4, Stove x 4, Window Coverings

Building Features:

  • Total Finished Area: 1806.00

Property Features:

  • Built in: 1974
  • Cooling: None
  • Floor Space (approx): 1806.00 Square Feet
  • Foundation Details: Poured Concrete
  • Heating: Central, Forced Air, Natural Gas
  • Lot Size: 7257.00 Square Feet
  • Parking Features: Alley Access, Off Street, Stall
  • Zoning: R-M
  • No. of Parking Spaces: 5

Courtesy of: Real Broker

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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⚠ Potential Investment Performance

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Location of 6323 59 Avenue, Red Deer, AB, T4N 5P9

Demographic Information of 6323 59 Avenue, Red Deer, AB, T4N 5P9

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$92,986.32

Average Number of Children

1.81

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.45 %

High school certificate or equivalent

36.12 %

Apprenticeship trade certificate/diploma

10.62 %

College/non-university certificate

17.61 %

University certificate (below bachelor)

0.92 %

University Degree

12.28 %

Commuter

Travel To Work

By Car

89.21 %

By Public Transit

2.92 %

By Walking

2.58 %

By Bicycle

0.22 %

By Other Methods

5.07 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

31.42 %

Houses

68.58 %

Own Vs. Rent

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