For Sale

3402 51 Avenue Unit# 3402, Red Deer, Alberta T4N4E8

$580,000

3402 51 Avenue Unit# 3402, Red Deer, Alberta T4N4E8 is For Sale and has a listing price of 580,000. The property is located in the South Hill neighbourhood. It's been on the website for 4 Days.

  • Multi-family
    Property Type
  • Multi-family
    Building Type
  • 5
    Parking Spaces
  • MLS ID: A2190185
  • Office Name Maxwell Real Estate Solutions Ltd.
Property Description

Jolyn Apartments, 5 plex, consisting of 5 – 1 bedroom units on Red Deer’s south end. Ideal location for convenient, affortable rental suites for so many that need to be close to the hospital, college or easy access to shopping and other service providers. Fresh exterior paint, vinyl windows, rear gravel parking pad with plug ins, and the street allows for additional parking also. Well maintained, 2 gas forced air furnaces serve 4 suites and one gas heater serves 1 suite. Plenty of newer builds on this specific street that consist of newer 3 plexs, adult apartment building as well as duplexs. A great return on your investment now with huge potential for future re development on this corner lot. Zoned R-M, This zone allows for a mix of housing types and suitable non- Residential uses., creating density that is compatible with adjacent low-density or high-denisty Zones. Permitted uses include, Accessory Building, Apartment, Duplex, Home Occupation Minor, Show Home, and Townhouse. Discretionary Uses include, Back Yard Suite, Day Care Facility, Home ccupation Major, House, House Suite, Public Assembly, Supportive iving Accommodations, and Temporary Care Facility. The current totality of existing rents equal $4974.00/month, plus income monthly from a coin operted washer and dryer that is extra convenient for the tenants. Tenants pay for power in there units. Owner pays water, sewer, gas, garbage and power in common areas . (id:43137)

Property Details
  • MLS ID: A2190185
  • Price: $580,000
  • Transaction Types: For Sale
  • Ref ID: 27842946
  • Year Built: N/A
  • Approx Sqft: 4908 sqft
  • Building Type: Multi-family
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
01/24/2025 A2190185 $580,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
South Hill
  • $373,328 Average List Price
    based on 1 year
  • 5 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 100 % Below
  • Sold (12mo) 0
  • Rented (12mo) 0

  • 1 Month Change -24.5%
  • 3 Month Change +114.9%
  • 6 Month Change +187.1%
Walkscore
  • 83 Walk Score
    Very Walkable
  • 44 Transit Score
    Some Transit
  • 72 Bike Score
    Very Bikeable
Property Type Distribution
  • All Houses
    40.91%
  • Commercial
    15.91%
  • Condo
    43.18%
Additional Details
  • Heat Source Natural Gas
  • Heating System Forced Air
  • Exterior Concrete, Stucco
  • Cooling System None
  • Total Parking Spaces: 5
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 24/01/2025 00:00:00
  • Zoning R-m
  • Agent Name: Tim McRae
  • Address Subdivision: South Hill
  • Last Updated: 29/01/2025 20:00:56
Open House Dates
  • 1. 01/02/2025 (Start time: 2:30 PM - End time: 4:30 PM)
  • 2. 02/02/2025 (Start time: 2:00 PM - End time: 4:00 PM)
  • 3. 02/02/2025 (Start time: 11:00 AM - End time: 1:00 PM)
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