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South Hill
3500,3502,3504,3506,3508 48 Ave Avenue
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3500,3502,3504,3506,3508 48 Ave Avenue $999,500
$999,500
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3500,3502,3504,3506,3508 48 Ave Avenue
Red Deer, Alberta T4N3S3

MLS® Number: A2158142
2
Bedrooms
2
Bathrooms
2114
Square Feet

Listing Description

A great start or addition to your investment portfolio, 5 individually titled townhouse condominiums. Rare to find such an attractive unique complex that has a great location on the south side across from the park and trail system with a view from every unit. Complex sits on 11,600 Sq ft lot with fenced off street paved parking with 2 stalls for each unit. Well maintained, upgraded vinyl fencing, upgraded decks and aluminum railings. New shingled installed 2024. Each unit offers open kitchen and dining area and 2 Pc bath on the main, lower level has 2 bedrooms, storage room, 4 Pc bath room and mechanical room, approx. 977 Sq ft finished per unit. Has great potential to generate 70,,000 per yr gross income and produce an attractive cap rate, and even greater if you want to maintain yourself. Each unit has individual billing for gas and power. Water sewer and garbage are billed to the complex. Note these are presently mainly owner occupied, no rent roll. (29462789)

Property Summary

Property Type
Single Family
Building Type
Row / Townhouse
Storeys
1
Square Footage
2114 sqft
Community Name
South Hill
Subdivision Name
South Hill
Title
Condominium/Strata
Land Size
Unknown
Built in
1994
Annual Property Taxes
$6,903
Parking Type
Other, Parking Pad
Time on REALTOR.ca
126 days

Building

Bedrooms
Below Grade
2
Bathrooms
Total
2
Partial
1
Interior Features
Appliances Included
Refrigerator, Dishwasher, Stove, Washer & Dryer
Flooring
Carpeted, Linoleum, Vinyl
Basement Type
Full (Finished)
Building Features
Features
Back lane, Parking
Foundation Type
Wood
Style
Attached
Architecture Style
Bi-level
Construction Material
Wood frame
Structures
Shed, Deck
Heating & Cooling
Cooling
None
Heating Type
Forced air
Exterior Features
Exterior Finish
Vinyl siding
Neighbourhood Features
Community Features
Pets Allowed
Maintenance or Condo Information
Maintenance Fees
$340 Monthly
Maintenance Fees Include
Common Area Maintenance, Insurance, Reserve Fund Contributions, Sewer, Waste Removal, Water
Parking
Parking Type
Other, Parking Pad
Total Parking Spaces
8

Measurements

Square Footage
2114 sqft
Total Finished Area
2114 sqft

Rooms

MetricImperial
Main level
Other
Kitchen
Living room
2pc Bathroom
Lower level
4pc Bathroom
Bedroom
Primary Bedroom

Land

Lot Features
Fencing
Fence
Landscape Features
Fruit trees, Landscaped
View
View
Other Property Information
Zoning Description
R2
Data provided by: Pillar 9™
403-357-9514
403-340-3085
REALTOR® Website
Email
Book showing
RE/MAX real estate central alberta
4440 - 49 Avenue
Red Deer, Alberta T4N3W6
403-343-3020
403-340-3085
Office Website

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