AB > Red Deer > South Hill
Red Deer, AB T4N 3S3,3500,3502,3504,3506,3508 48 Ave AVE
Red Deer, AB T4N 3S3,3500,3502,3504,3506,3508 48 Ave AVE
Red Deer, AB T4N 3S3,3500,3502,3504,3506,3508 48 Ave AVE
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$999,500
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2 BD
2 BA
2,114 SqFt
Active

3500, 3502, 3504, 3506, 3508 48 Ave AVE Red Deer, AB T4N 3S3

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Vikram Punia

Vikram Punia

+1(587) 839-9620

UPDATED:

12/17/2024 08:25 PM

Key Details

Property Type Townhouse

Sub Type Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,114 sqft

Price per Sqft $472

Subdivision South Hill

MLS® Listing ID A2158142

Style Bi-Level

Bedrooms 2

Full Baths 1

Half Baths 1

Condo Fees $340

Originating Board Central Alberta

Year Built 1994

Annual Tax Amount $6,903

Tax Year 2024

Property Description

A great start or addition to your investment portfolio, 5 individually titled townhouse condominiums. Rare to find such an attractive unique complex that has a great location on the south side across from the park and trail system with a view from every unit. Complex sits on 11,600 Sq ft lot with fenced off street paved parking with 2 stalls for each unit. Well maintained, upgraded vinyl fencing, upgraded decks and aluminum railings. New shingled installed 2024. Each unit offers open kitchen and dining area and 2 Pc bath on the main, lower level has 2 bedrooms, storage room, 4 Pc bath room and mechanical room, approx. 977 Sq ft finished per unit. Has great potential to generate 70,,000 per yr gross income and produce an attractive cap rate, and even greater if you want to maintain yourself. Each unit has individual billing for gas and power. Water sewer and garbage are billed to the complex. Note these are presently mainly owner occupied, no rent roll.

Location

Province AB

County Red Deer

Zoning R2

Direction W

Rooms

Basement Finished, Full

Interior

Interior Features Sump Pump(s)

Heating Forced Air

Cooling None

Flooring Carpet, Linoleum, Vinyl

Appliance Dishwasher, Refrigerator, Stove(s), Washer/Dryer

Laundry In Basement

Exterior

Parking Features Off Street, Parking Pad

Garage Description Off Street, Parking Pad

Fence Fenced

Community Features Walking/Bike Paths

Amenities Available Parking

Roof Type Asphalt Shingle

Porch Deck

Total Parking Spaces 8

Building

Lot Description Back Lane, Fruit Trees/Shrub(s), Landscaped, Paved, Views

Story 1

Foundation Wood

Architectural Style Bi-Level

Level or Stories One

Structure Type Vinyl Siding,Wood Frame

Others

HOA Fee Include Common Area Maintenance,Insurance,Reserve Fund Contributions,Sewer,Snow Removal,Trash,Water

Restrictions Call Lister

Tax ID 91351358

Ownership Private

Pets Allowed Yes

Listed by RE/MAX real estate central alberta

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Vikram Punia

+1(587) 839-9620

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3500,3502,3504,3506,3508 48 Ave AVE