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.
The data included in this display is deemed reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association.
The real estate listing information and related content displayed on this site is provided exclusively for consumers. personal, non-commercial use and, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate.