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Licensed R-2 Revenue Property for Sale. Private

2 months ago Houses for Sale Red Deer   14 views


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Location: Red Deer
Price: $295,000

We are looking for entrepreneur or a savvy buyer who wants to buy a property that pays the mortgage while living in it. You will need good bank credit. For the right buyer we will have other properties for sale over the next few years. The properties are located in both Red Deer and Sylvan lake. We have collected and developed these properties over the past 20 years. Some are holding properties with very good future development potential. Some are newer. All properties have good cash flows. Our reason for selling is our age. It’s time. The property currently for sale is a 1.5 story , 5 bedroom home licensed R-2 property with basement suite and insulated detached single garage. The property is located well Riverside Meadows. Rental income is $2800 month. The property is large with 66 ft of frontage by 120 ft depth. The property is appraised at 310,000. The opportunity at this time is that this is a private sale, no realtors. I’m willing to discount the cost of what real estate fees would be from appraised value which is about a 15,000 savings. Sale price is therefore 295,000. If this opportunity is of interest to you and you are a qualified buyer drop me a text or call me at 403-505-3100. We can discuss and arrange a showing.

Additional Details

Bedrooms 5+
Bathrooms 1
Property Address T4N5R5, Canada