New Listing
231 & 233 Kendrew Drive,Red Deer, AB T4P3Z1
Red Deer, AB T4P3Z1
Description
DOUBLE THE OPPORTUNITY! Discover the investment potential of this well-maintained, side-by-side bi-level duplex at 231 & 233 Kendrew Drive in Red Deer. Offering two separate residential units, established tenants and a combined rental income of $3,000 per month, this property presents an appealing opportunity for investors looking to add a complete duplex to their portfolio.Each side features a functional bi-level design with comfortable main-floor living spaces and additional lower-level accommodation. The two units offer approximately 1,302 sq. ft. of combined above-grade floor area, plus their respective lower levels. The property has benefited from attentive ownership and ongoing maintenance, including improvements to flooring, countertops and appliances in 233 Kendrew Drive.Both units are currently rented at $1,500 per month, with tenants responsible for utilities. Existing leases extend to July 1, 2027, for 233 Kendrew Drive and September 1, 2027, for 231 Kendrew Drive, providing an established rental arrangement for the incoming owner.Whether you're growing an existing investment portfolio or looking to acquire your first multi-unit property, this duplex offers the advantages of two income-producing residences in one investment. A practical property with established income, maintained interiors and flexibility for future ownership plans! (id:13843)
Details
| MLS # | A2353145 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 2002 |
| Days On Site | 5 |
| Listing Provided By | Century 21 Advantage | Patrick Galesloot |
Features
| SQ Feet | 1,302 |
|---|---|
| Units | 2 |
| Zoning | R-D |
| Acreage | 0.07 |
Interior
| Heating | Forced air, Natural gas |
|---|---|
| Appliances | Refrigerator, Dishwasher, Stove, Washer & Dryer |
| Fireplace Yes / No | No |
Parking
| Parking Features | Other |
|---|---|
| Parking Total | 4 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 2547 |
|---|---|
| Tax Block | 8 |
| Tax Lot | 110 |
| Tax Year | 2026 |
Area Information
| Province | AB |
|---|---|
| City | Red Deer |
| Postal Code | T4P3Z1 |
| Community Name | Kingsgate |
| Listing VS Median (in Kingsgate) | |
Price: $639,800 low | high Med: $359,450 sqft: 1,302 low | high Med: 917 $ / sqft: $491 low | high Med: $392 On site: 5 low | high Med: 68.5 | |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Red Deer |
| Postal Code | T4P3Z1 |
| Community Name | Kingsgate |
| Listing VS Median (in Kingsgate) | |
Price: $639,800 low | high Med: $359,450 sqft: 1,302 low | high Med: 917 $ / sqft: $491 low | high Med: $392 On site: 5 low | high Med: 68.5 | |