Description
INVESTOR ALERT! Welcome to this well-maintained corner-unit home in Riverside Meadows, offering an excellent opportunity for investors seeking a property with flexible living arrangements, a legal basement suite, and strong rental potential.The bright main level features a large east-facing window, bringing in plenty of natural light, along with new hardwood flooring throughout the main living spaces. The main floor offers three bedrooms, while the fully developed legal basement suite provides an additional two bedrooms, giving the property a total of five bedrooms.The legal basement suite adds significant value and flexibility, featuring a large family room, separate laundry, and a separate entrance. The suite is currently occupied by long-term tenants who are willing to stay, providing a potential opportunity for a new owner to maintain the existing tenancy and rental income, subject to the applicable tenancy terms.Outside, you'll find a large deck, perfect for entertaining or relaxing, along with newer fencing for added privacy. Parking is another major advantage, with six parking spaces in total, including two spaces at the rear of the property and three additional spaces within the gated RV parking area.The home also features a high-efficiency heating system, adding to its overall appeal for both homeowners and investors.Located in Riverside Meadows, this property offers convenient access to local amenities, services, and transportation routes. Whether you're looking to expand your rental portfolio, house-hack, or purchase a property with multiple income-producing options, this is an opportunity worth taking a closer look at.Key Investor Features:Legal 2-bedroom basement suiteLong-term basement-suite tenants willing to stay5 bedrooms total3 bedrooms on the main levelSeparate suite entranceSeparate laundryLarge basement family roomNew hardwood flooringLarge east-facing windowHigh-efficiency heating system6 parking spaces / gated RV parking spaces2 additional rear parking spacesLarge deckNewer fencingCorner-unit locationRiverside MeadowsExcellent rental and house-hacking potential (id:13843)
Details
| MLS # | A2349937 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 2015 |
| Days On Site | 21 |
| Listing Provided By | RE/MAX First | Jay Sanchez Valencia |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,287 |
| Basement | Y |
| Zoning | r-m |
| Acreage | 0.15 |
Interior
| Cooling | None |
|---|---|
| Heating | Central heating |
| Appliances | Dishwasher, Stove, Dryer |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Other, Back lane, Closet Organizers, No Animal Home |
|---|---|
| Construction Materials | Poured concrete |
| Foundation Details | Poured Concrete |
| Fencing | Fence |
Parking
| Parking Features | Other, RV |
|---|---|
| Parking Total | 2 |
Taxes
| Tax Annual Amount | 4567 |
|---|---|
| Tax Block | 23 |
| Tax Lot | 16 |
| Tax Year | 2026 |
Area Information
| Province | AB |
|---|---|
| City | Red Deer |
| Postal Code | T4N4K6 |
| Community Name | Riverside Meadows |
| Listing VS Median (in Riverside Meadows) | |
Price: $499,000 low | high Med: $210,000 sqft: 1,287 low | high Med: 973 $ / sqft: $388 low | high Med: $216 On site: 21 low | high Med: 33 | |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Red Deer |
| Postal Code | T4N4K6 |
| Community Name | Riverside Meadows |
| Listing VS Median (in Riverside Meadows) | |
Price: $499,000 low | high Med: $210,000 sqft: 1,287 low | high Med: 973 $ / sqft: $388 low | high Med: $216 On site: 21 low | high Med: 33 | |
