Property Information:

This WELL-MAINTAINED 4-PLEX in Highland Green offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67,668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5,639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns.

Inclusions: n/a

Building Features:

Total Finished Area: 1806.00

Property Features:

Built in: 1974
Cooling: None
Floor Space (approx): 1806.00 Square Feet
Foundation Details: Poured Concrete
Heating: Central, Forced Air, Natural Gas
Lot Size: 7257.00 Square Feet
Parking Features: Alley Access, Off Street, Stall
Zoning: R-M
No. of Parking Spaces: 5

Courtesy of: Real Broker

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Demographic Information of 6323 59 Avenue, Red Deer, AB, T4N 5P9

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$92,986.32

Average Number of Children

1.81

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.45 %

High school certificate or equivalent

36.12 %

Apprenticeship trade certificate/diploma

10.62 %

College/non-university certificate

17.61 %

University certificate (below bachelor)

0.92 %

University Degree

12.28 %

Commuter

Travel To Work

By Car

89.21 %

By Public Transit

2.92 %

By Walking

2.58 %

By Bicycle

0.22 %

By Other Methods

5.07 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

31.42 %

Houses

68.58 %

6323 59 Avenue, Red Deer, AB, T4N 5P9