32 Holmes Street
Red Deer, Alberta T4N6L6

Presenting a prime investment opportunity with this 25-unit row housing complex, comprising three separate buildings. Built in the late 1980s, each split-level unit features three bedrooms, 1.5 bathrooms, and a deck, providing spacious and comfortable living. Notably, three of the units have been renovated into two-bedroom suites, now including a dishwasher for added convenience. All units are separately metered, allowing for individual utility management. Several units have been upgraded with new flooring, paint, trim, and appliances, enhancing their appeal.The property is equipped with natural gas-fired boilers and natural gas-fired forced air heating systems, providing reliable and efficient heating across all units. Paved parking is available, with each unit assigned two private parking stalls. Additionally, there are 13 visitor stalls available for the entire property, accommodating guests with ease.The complex is conveniently located within walking distance of various amenities, including Red Deer Village Mall (featuring Canadian Tire, Starbucks, Sobey’s, TD Canada Trust), Parkland Mall, Mr. Mikes, CIBC, and Save on Foods. This ensures tenants have easy access to shopping, dining, and banking services.Currently, all units are leased, except for one vacant unit, offering a steady rental income stream. This property combines strong returns with potential for future appreciation, making it an ideal addition to any investment portfolio. (29159017)