Welcome to this excellent investment opportunity in the family-friendly Eastview neighborhood. This property offers a versatile setup, perfect for a homeowner looking to supplement their mortgage with rental income or for an investor seeking a strong return on investment in Red Deer. The home features a practical layout with a 2-bedroom main floor unit and a very large 1-bedroom legal suite on the lower level, each with its own entrance- front and back. Both suites are rented to long-term tenants who would love to stay. The upstairs unit, which also includes use of the heated double garage, rents for $1,800 per month, while the downstairs suite rents for $975 per month. Utilities are included in rent. Together, the property generates a total monthly income of $2,775—all at an attractive purchase price of just $395,000. That’s an outstanding buy with immediate cash flow in place. Several upgrades have already been completed. Both suites come equipped with appliances, including two fridges, two stoves, plus a washer and dryer in common space, making this a turnkey income property.The outdoor space is a highlight. A deck with built-in benches overlooks the backyard, perfect for relaxing or entertaining. The fully fenced yard facing south with mature trees adds privacy, shade and character to the lot. The oversized heated garage at the back with alley access is a rare find and adds even more value for tenants. Utilities are included in the rent. The seller pays them directly, and they are not split between tenants, making it simple and appealing for renters. Both rental agreements are month-to-month, giving the new owner flexibility, yet with the benefit of stable tenants who have been in place long term ( 12 years). The surrounding neighborhood is peaceful and welcoming, with great neighbors and a true community feel that keeps tenants happy. Whether you are looking for a low-cost home with potential or want to grow your real estate portfolio with a reliable, income-pr oducing property, this Eastview home offers it all. With steady monthly income, excellent tenants and an attractive price, this is truly a rare find. At just $395,000, generating $2,775 in monthly income, this is one of the best buys on the market today. Opportunities like this don’t last long. (id:32467)

Ammenities Near By

• Ammenities Near By: Schools

Building

• Appliances: Washer, Refrigerator, Stove, Dryer, Hood Fan, Garage door opener
• Architectural Style: Bungalow
• Basement Development: Finished
• Basement Features: Separate entrance, Walk-up, Suite
• Basement Type: Full (Finished)
• Construction Style: Detached
• Cooling Type: None
• Exterior Finish: Stucco, Wood siding
• Fireplace: No
• Flooring Type: Carpeted, Ceramic Tile, Linoleum
• Interior Size: 833 sqft
• Building Type: House
• Stories: 1

Land

• Land Size: 6050 sqft|4,051 - 7,250 sqft

Ownership

• Type: Freehold

Structure

• Structure: Deck

Zoning

• Description: R-D

Information entered by RE/MAX real estate central alberta
Listing information last updated on: 2025-10-01 01:57:47