$5,500,000

3430 49 Avenue

South Hill, Red Deer

• 9,505 sq ft

About this home

Walker House is a well-maintained 24-unit multifamily property located at 3430 49 Avenue in Red Deer, within walking distance of shopping, restaurants, transit, parks and trails. Built in 2016, the property consists of 18 two-bedroom units, 3 two-bedroom + den units and 3 one-bedroom units, with no suites located at or below ground level. Each suite features its own furnace, hot water tank, A/C, in-suite laundry, dishwasher, private balcony and separately metered gas and electricity paid by the tenant. The building is serviced by an elevator and sprinkler system and includes 25 heated underground parking stalls plus 15 powered surface stalls. The property has been exceptionally well maintained with no significant outstanding capital improvements required and benefits from a stable, long-term tenant base. Current rents are below market, providing a purchaser with a strong opportunity to increase revenue and NOI within a newer, low-maintenance asset. (id:67770)

Facts

Living area

9,505 sq ft

Home type

Multi-Family

Year built

2014

Lot size

18,406 square feet

Property taxes

$50,066 (2026)

MLS® number

A2336874

Features

Heating

Forced air, Natural gas

Cooling

Central air conditioning

Location

Listed by Real Broker

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