3721 46 ST new Save Request In-Person Tour Request Virtual Tour
Red Deer,AB T4N 1L5
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 $474
Subdivision Eastview
MLS Listing ID A2251283
Style Bungalow
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1957
Lot Size 6,098 Sqft
Acres 0.14
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 looking to supplement their mortgage with rental income 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 a very 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 generates a total monthly income of $2,775—all at an attractive purchase price of just $395,000. That's 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, making this a turnkey income property.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. Utilities are included in the rent. The seller pays them directly, and they are not split between tenants, making it simple and appealing for renters. Both rental agreements are month-to-month, giving the new owner flexibility, yet with the benefit of stable tenants who have been in place long term ( 12 years). 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, income-producing property, this Eastview home offers it all. With steady monthly income, excellent tenants and an attractive price, this is truly a rare find. At just $395,000, generating $2,775 in monthly income, this is one of the best buys on the market today. Opportunities like this don't last long.
Location
Province AB
Community Schools Nearby,Sidewalks,Street Lights
Zoning R-D
Rooms
Basement Finished,Full,Separate/Exterior Entry,Suite,Walk-Up To Grade
Interior
Interior Features Open Floorplan
Heating Forced Air,Natural Gas
Cooling None
Flooring Carpet,Ceramic Tile,Linoleum
Inclusions Suite Fridge, Suite Stove, Shed
Fireplace Yes
Appliance Dryer,Electric Stove,Garage Control(s),Range Hood,Refrigerator,Washer
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
Porch Deck
Total Parking Spaces 2
Garage Yes
Building
Lot Description Landscaped,Wooded
Dwelling Type House
Faces N
Story One
Foundation Block
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Restrictions None Known
Virtual Tour 2 https://unbranded.youriguide.com/3721_46_st_red_deer_ab/
Virtual Tour https://unbranded.youriguide.com/3721_46_st_red_deer_ab/