AB > Red Deer > Riverside Meadows
Red Deer, AB T4N6A4,5963 60 a ST #1-9
Red Deer, AB T4N6A4,5963 60 a ST #1-9
Red Deer, AB T4N6A4,5963 60 a ST #1-9
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Ahmed Arshad

Ahmed Arshad

RE/MAX iREALTY INNOVATIONS

+1(403) 399-2170
$1,090,000
Est. payment /mo
5,085 SqFt
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UPDATED:

11/04/2024 11:25 PM

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,085 sqft

Price per Sqft $214

Subdivision Riverside Meadows

MLS® Listing ID A2164763

Originating Board Central Alberta

Year Built 1976

Annual Tax Amount $8,400

Tax Year 2024

Lot Size 0.260 Acres

Acres 0.26

Property Description

This fully rented 9-suite apartment building is an excellent investment opportunity, offering immediate cash flow and stable rental income. The building consists of eight spacious units, each with two bedrooms and a 4-piece bath, as well as one cozy 1-bedroom unit. Six of the units feature private balconies, adding extra appeal for tenants and boosting rental value. The location is highly desirable, with three schools—Fairview, GH Dawe, and Gateway School— close by making it ideal for families. Tenants will also benefit from the nearby bus stop and an abundance of local amenities within 5-10 minutes drive, including shopping, parks, and restaurants, ensuring convenience and a strong demand for the units. This property is a rare find, offering both stability and growth potential for the savvy investor.

Location

Province AB

County Red Deer

Zoning R1

Interior

Heating Boiler

Flooring Hardwood, Tile

Appliance Dryer, Electric Stove, Range Hood, Refrigerator, Washer

Laundry Common Area

Exterior

Roof Type Tar/Gravel

Total Parking Spaces 9

Building

Story 2

Foundation Poured Concrete

Others

Restrictions None Known

Tax ID 91513062

Ownership Private

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Listed by eXp Realty

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  • I met with the realtor Ahmed Arshad through Houseful online agency. He was very polite gentleman who knows his job and in very professional manner he sold our house in three days for very good price. Later he guided us to buy a new house. And he showed us how to be careful about some missing, or bad things in the houses we looked at. It was a very exciting adventure working with Mr Ahmed Arshad and for very short time we found and bought the house were now we live in. Thankful Kiro and Lidija
    Kiro Seremetkoski
  • Definitely will recommend to those who is looking for their new home.
    Jeric Salazar
  • Erica Salazar
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Our Team

Ahmed Arshad
Ahmed Arshad
Realtor

+1(403) 399-2170

1301 8th Street SW, Calgary, AB, Canada

https://www.calgarymlshomes.com/

Selling Real Estate since 2006 helping people move with confidence. My goal is to assist buyers and sellers in making the BEST possible Real Estate decisions by providing relevant knowledge, collaboration, professionalism and a memorable experience.