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Judy Mohanty

judymohantyrealtor@gmail.com +1(587) 839-4880

$499,000

Est. payment - /mo

5 Beds

3 Baths

1,287 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1287

Square Footage 1,287 sqft

Price per Sqft $387

Subdivision Riverside Meadows

MLS® Listing ID A2349937

Style Bungalow

Bedrooms 5

Year Built 2015

Lot Size 6,695 Sqft

Acres 0.15369955

Property Sub-Type Freehold

Property 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:24570)

Location

Province AB

Rooms

Kitchen 1.0

Extra Room 1 Basement 9.00 Ft x 4.92 Ft 4pc Bathroom

Extra Room 2 Main level 7.25 Ft x 4.50 Ft Other

Extra Room 3 Main level 9.92 Ft x 9.67 Ft Bedroom

Extra Room 4 Main level 14.08 Ft x 11.92 Ft Primary Bedroom

Extra Room 5 Main level 15.25 Ft x 12.92 Ft Living room

Extra Room 6 Main level 8.92 Ft x 4.92 Ft 4pc Bathroom

Interior

Heating Central heating

Cooling None

Flooring Laminate

Exterior

Parking Features No

Fence Fence

View Y/N No

Attached Garage No

Total Parking Spaces 2

Garage No

Private Pool No

Building

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

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Listed by RE/MAX First

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Judy Mohanty

+1(587) 839-4880

REALTOR®

5928 52 Avenue Red Deer, AB T4N4K6

Judy Mohanty

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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