This C1 ZONED property sits on a sloped lot in downtown Red Deer. The main floor is flexible as a fully contained residential suite or could be an office space which could work great as a lawyer office or any commercial enterprise. The separate basement unit walks out to ground level to the back and provides excellent exposure to Gaetz avenue for additional potential business or residential income. It has been upgraded including new windows, furnace, electrical, water services brand new hot water tank. There are 2 kitchens, 2 bathrooms and 2 bedrooms/offices on each floor with a shared Laundry area between. The main floor also has a nice loft overlooking the rest of the floor. There is plenty of parking at the back. It currently has tenants renting for only $1650/month but could be open to an increase. If you are tired of paying for commercial leases, this is an affordable way to operate and build equity. An excellent investment or opportunity for small business.
Address
4823 53 Street
List Price
$314,900
Property Type
Residential
Type of Dwelling
Detached
Style of Home
2 Storey
Area
Red Deer
Sub-Area
Downtown Red Deer
Bedrooms
2
Bathrooms
2
Floor Area
894 Sq. Ft.
Lot Size
6375 Sq. Ft.
Year Built
1939
MLS® Number
A2186777
Listing Brokerage
Big Earth Realty
Basement Area
Separate/Exterior Entry, Full, Partially Finished
Postal Code
T4N 0C2
Zoning
C1
Site Influences
Schools Nearby, Shopping Nearby, Walking/Bike Paths, Playground, Standard Shaped Lot, Views