GORGEOUS MULTI-FAMILY PROPERTY IN RIVERSIDE MEADOWS, RED DEER - RARE INVESTMENT OPPORTUNITY FOR INVESTORS OR HOMEOWNERS.

Asking Price: $725,000
5910 57 Avenue Red Deer, AB Canada

About 5910 57 Avenue:

Welcome to this gorgeous multi-family property located in the desirable community of Riverside Meadows in Red Deer, Alberta. This is a rare opportunity to own a multi-family property that is perfect for investors or those looking to live in one unit and rent out the others for additional income. The property is a freehold title, sitting on a generous 9768 sqft lot with a total square footage of 2398.5 sqft.

Built in 1976, this property has been meticulously maintained and updated over the years. The exterior of the property boasts a stylish vinyl siding finish that is both durable and easy to maintain. This bi-level style home features a wood frame construction and a poured concrete foundation that ensures a solid and stable structure.

As you step inside, you will be greeted by a spacious and bright interior that is sure to impress. The main level features a cozy living room with plush carpeting and large windows that allow plenty of natural light to flood the space. The kitchen has been updated with modern appliances, including a refrigerator, dishwasher, stove, and a washer and dryer set. The kitchen also boasts ample counter space and plenty of storage for all your cooking needs.

This multi-family property features a total of 12 parking spaces, which includes a parking pad and other parking options. The lot is partially fenced, ensuring privacy and security for all tenants. The landscaped yard is perfect for hosting outdoor gatherings or enjoying a quiet afternoon in the sun.

The property is located in the heart of the Riverside Meadows community, which is known for its quiet and peaceful lifestyle. The area is surrounded by parks and playgrounds, making it perfect for families with children. The location is also ideal for those who want to be close to all the amenities of the city, including shopping centers, restaurants, and entertainment venues.

This property is an excellent investment opportunity for anyone looking to expand their real estate portfolio. The annual property taxes are $8,022 (CAD), making it a great choice for those looking for a low-maintenance investment property. The property is zoned R1, ensuring that it is compliant with all local regulations and requirements.

In conclusion, this multi-family property in Riverside Meadows is an excellent investment opportunity that is sure to provide a great return on investment. With a freehold title, ample parking, and a spacious interior, this property is perfect for investors or those looking for a multi-family home. Don't miss out on your chance to own this amazing property in one of Red Deer's most sought-after neighborhoods. Contact us today to schedule a viewing and see all that this property has to offer!

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Features of Property

Type of Real Estate

Multi-family

Type of Building

Multi-Family

Square Footage

2398.5 sqft

Community Name

Riverside Meadows

Subdivision Name

Riverside Meadows

Title

Freehold

Land Size

9768 sqft|7,251 - 10,889 sqft

Year Built

1976

Annual Property Taxes

$8,022 (CAD)

Parking Type

Other, Parking Pad

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Features of Building

Interior Features
Included Appliances

Washer, Refrigerator, Dishwasher, Stove, Dryer

Flooring

Carpeted, Linoleum

Building Features
Features

See remarks, Back lane

Foundation

Poured Concrete

Style

Attached

Architecture Style

Bi-level

Construction Material

Wood frame

Square Footage

2398.5 sqft

Total Finished Area

2398.5 sqft

Structures

Deck

Heating & Cooling
Other

None

Heating System

Forced air, (Natural gas)

Exterior Features
Exterior Finish

Vinyl siding

Neighbourhood Features
Nearby

Park, Playground

Parking
Parking Type

Other, Parking Pad

Number of Parking Spaces

12

Plot Details

Lot Features
Fencing

Partially fenced

Landscape Features

Landscaped

Other Property Information
Zoning Description

R1

Property Agent

Dale Devereaux

Century 21 Maximum

3617F - 50 Avenue, Red Deer, Alberta T4N3Y5

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