29 Eastman Crescent, Red Deer

2025-08-27
 

Quick Summary

Location
29 Eastman Crescent, Red Deer, Alberta T4R1X4
Price
$700,000 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
2171 sqft
Year of Construction:
1982

MLS®#A2251956

Property Description

7.4% Stabilized CAP Rate! $6,250/mo in gross rents! An exceptional investment opportunity awaits at Eastview Estates! This well-maintained 4PLEX offers Bi-Level units, each with 3 Bedrooms, 1 Bath, Kitchen, Dining, Living Room, separate Laundry, and a balcony. Two units have been FULLY RENOVATED in the last year (NEW KITCHEN, APPLIANCES, DOORS, FLOORING, PAINT, BATHROOM, PATIO DOORS, WINDOWS, ETC , bringing a fresh modern appeal, while NEWER WINDOWS throughout the 4PLEX enhance energy efficiency and aesthetics. Each unit includes 2 designated PAVED PARKING STALLS for tenants' convenience. Tenants have FRESH LEASES in place and are responsible for individual electrical and heating costs. With gross monthly revenue at $6,250 and all four units currently rented with tenants eager to stay, this property promises a stable and lucrative income stream. Nestled in the vibrant community of Eastview Estates in Red Deer, the property is located just off 30 Ave and less than 200 meters from a transit stop, offering a prime location with superb transportation access. Known for its friendly neighbourhood atmosphere, Eastview Estates provides residents with access to parks, schools, and shopping, enhancing the appeal for renters seeking convenience and lifestyle. (id:32467)

Property Features

Building

  • Fireplace: No
  • Interior Size: 2171 sqft
  • Building Type: Multi-Family

Land

  • Land Size: Unknown

Ownership

  • Type: Freehold

Zoning

  • Description: R-M

Information entered by Real Broker
Listing information last updated on: 2025-08-27 22:46:36


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$500,000

Your One Percent Realty Commission savings

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.

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