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