5622 55 Street, Red Deer


5 Beds
2 Baths
1,120 Sqft
0 Acres
0 Garages

It's all in the numbers ! With a mortgage payment of approximately $943.00 P.I. (based on 5% down at a rate of 2.79% and a 25 yr amortization) and potential rent from the lower suite of $750.00, just imagine how affordable ownership could be. Or rent out both suites for an excellent revenue property for your portfolio. This home was originally permitted and built as a suited property with separate heating and utilities. Upstairs has a good sized living room, 3 bedrooms, and a full bath. The lower level suite has new flooring and features large windows and has a living room of equal size to the main, 2 bedrooms, and access to the common laundry area. The property has had numerous upgrades of the past years including most windows, both furnaces, HWT, and shingles, yet there is room for further cosmetic improvements to further enhance your investment. Property is situated on a large lot with parking at the rear. Located with quick access to downtown, Bower Ponds, and the trail system. Seller lives upstairs. Basement is presently vacant and had been rented for $750.00 plus utilities. Basement suite is considered legal non-conforming as per City of Red Deer.

Essential Information
MLS® #CA0179729
Full Baths2
Square Footage1,120
Year Built1963
TypeResidential SF
Sub-TypeSingle Family Detached
Community Information
Address5622 55 Street
AreaRR Riverside Meadows
CityRed Deer
CountyRed Deer County
Postal CodeT4N 2J6
ParkingOff Street Parking

Garbage Collection, Power - Metered, Sewer, Sidewalks, Street Lighting, Telephone

HeatingFurnace - Forced Air - 2
Has BasementYes
Interior Features

Laundry - Shared, See Remarks, Suite-Legal


Dishwasher - Portable, Refrigerator - 2, Stove

ConstructionShingles, Stucco
FoundationFull Basement, Fully Finished
Lot Description

Fence - Complete, Landscaped, Nearby - Playground, Nearby - Public Transportation, Nearby - Schools

Additional Information
HOA Fees0.00
Listing Details
OfficeColdwell Banker Ontrack Realty

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