5435 39 Street Red Deer, Alberta T4R 1R4

3 Bedroom 2 Bathroom 868 sqft
Bungalow None Forced Air Landscaped


This fully rented LEGALLY SUITED investment property is an excellent turnkey opportunity that's currently professionally managed. Tenants are in place who would like to stay. Excellent quiet westpark location with proximity to several schools, parks and the Red Deer Polytechnic. Seller states the property has been easy to rent and remained vacancy free for years. This home offers separate entrances & shared laundry. The upper unit is 2 bedrooms. The lower suite is one bedroom. There are no parking worries as the upper tenant has a garage and the lower tenant has off street parking in the back. Detached Garage is 24 X 30 One half has a cement floor and a heater. It is separated from the other half with a partitioned wall. The second bay has a dirt floor with a wood over top and access to attic storage. Home has a greenhouse attached on the back that is heated. Great CAP rate Current rents are $1431 and $815 for a total of $2246. The Landlord pays the utilities. In 2022 Monthly expenses for taxes, utilities and insurance averaged $636 for a Net of approx $1600/month. The property has had many updates and some original features. Windows have been replaced, shingles are approx 10 years old, one original furnace the other was replaced, upgraded electrical to 100 amp panel, insulation was added to the attic, most of the flooring has been replaced. Upper Tenant is in a fixed term lease to October 31, 2023. The lower level tenant is month to month but has indicated he's willing to sign a lease. This property is also an ideal option for an owner to live up and have a mortgage helper suite in the basement. (id:33281)

Property Details

MLS® Number A2063913
Property Type Single Family
Community Name West Park
Amenities Near By Park, Playground
Features Back Lane
Parking Space Total 3
Plan 6269af
Structure None


Bathroom Total 2
Bedrooms Above Ground 2
Bedrooms Below Ground 1
Bedrooms Total 3
Appliances Washer, Refrigerator, Range, Dryer
Architectural Style Bungalow
Basement Features Suite
Basement Type Full
Constructed Date 1950
Construction Material Wood Frame
Construction Style Attachment Detached
Cooling Type None
Fireplace Present No
Flooring Type Carpeted, Laminate
Foundation Type Poured Concrete
Heating Type Forced Air
Stories Total 1
Size Interior 868 Sqft
Total Finished Area 868 Sqft
Type House


Detached Garage 2


Acreage No
Fence Type Partially Fenced
Land Amenities Park, Playground
Landscape Features Landscaped
Size Depth 38.1 M
Size Frontage 15.24 M
Size Irregular 6250.00
Size Total 6250 Sqft|4,051 - 7,250 Sqft
Size Total Text 6250 Sqft|4,051 - 7,250 Sqft
Zoning Description R1a


Level Type Dimensions
Basement Living Room 14.67 Ft x 11.67 Ft
Basement Kitchen 12.00 Ft x 12.00 Ft
Basement Primary Bedroom 12.00 Ft x 11.67 Ft
Basement 3pc Bathroom .00 Ft x .00 Ft
Main Level Living Room 17.25 Ft x 12.50 Ft
Main Level Kitchen 12.50 Ft x 12.00 Ft
Main Level Primary Bedroom 12.50 Ft x 10.00 Ft
Main Level 4pc Bathroom .00 Ft x .00 Ft
Main Level Bedroom 9.17 Ft x 10.00 Ft


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