JN REAL ESTATE GROUP

Michener Hill

LIST PRICE

$349,900

3918 50 Street , Red Deer · t4n 1w3

4 BEDROOMS · 1 BATHROOMS · 897 SQFT · BUILT 1953

MLS A2358524 · 1 DAYS ON MARKET

Interested in this home?

JN Real Estate Group can arrange a private viewing and answer anything the listing doesn’t. A real person who knows the area — no pressure.

RE/MAX Complete Realty · Calgary

What this home — and yours — is really worth right now.

ABOUT THIS HOME

Turnkey investment opportunity with a legal basement suite built just 5 years ago, currently generating $2,650 per month in rental income, with tenants paying most utilities. The main floor offers 2 bedrooms, a good-sized living room, a cozy kitchen, and a 4-piece bath. The legal basement suite mirrors that layout with 2 bedrooms, a 4-piece bath, a full kitchen, and a separate living area. Each suite has its own in-suite laundry, and the suites are separately heated and ventilated, which keeps tenant comfort high and utility allocation simple. Additional features include a double car garage with additional off-street parking, plus a fully fenced shared yard. A solid addition for investors looking to build a portfolio, or for an owner-occupier who wants help carrying the mortgage. Newer legal suite construction means less capital risk than older conversions, and with stable rental income and low tenant utility exposure, the numbers are easy to underwrite.

DETAILS

TRANSACTION

TRANSACTION
For Sale

INTERIOR

BEDROOMS
4
FULL BATHS
1
HALF BATHS
0
LIVING AREA (SQFT)
897
FEATURES
Laminate Counters · No Smoking Home · Tankless Hot Water
APPLIANCES
Range · Range Hood · Refrigerator · Washer/Dryer · Washer/Dryer Stacked · Window Coverings
FLOORING
Hardwood · Vinyl
BASEMENT
Full
BASEMENT DEVELOPMENT
Finished

BUILDING

TYPE
Detached
STYLE
Bungalow
YEAR BUILT
1953
NEW CONSTRUCTION
No
CONSTRUCTION
Stucco · Wood Siding
ROOF
Asphalt
FOUNDATION
Poured Concrete

PARKING

GARAGE SPACES
2
TOTAL PARKING
5
PARKING
Double Garage Detached · Off Street · Parking Pad

LOT & EXTERIOR

LOT SIZE (SQFT)
6,250
LOT SIZE (ACRES)
0.14
LOT
Back Lane · Back Yard · Private
EXTERIOR
Private Entrance · Private Yard
PATIO & PORCH
None
FENCING
Fenced · Partial

COMMUNITY

COMMUNITY
Michener Hill
COMMUNITY FEATURES
None
ZONING
R-M
POSTAL CODE
t4n 1w3

UTILITIES & COSTS

HEATING
Baseboard · Boiler · Make-up Air · Forced Air · Natural Gas · Radiant
COOLING
None
ANNUAL TAXES
$2,754

LISTING COURTESY OF DEAN LEISCHNER · CIR REALTY

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.