50
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$689,000
Est. payment /mo
2,086 SqFt
Pending
7 Nyberg AVE Red Deer, AB T4P 1R5
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Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 2086.0
Square Footage 2,086 sqft
Price per Sqft $330
Subdivision Normandeau
MLS Listing ID A2264661
Year Built 1978
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type 4 plex
Property Description
Excellent investment opportunity! This well-maintained 4-plex offers steady rental income and long-term potential for real estate investors. Each self-contained suite features 2 bedrooms, 1 full bathroom, and in-suite laundry for tenant convenience. The property is ideally located close to schools, parks, and within walking distance to Parkland Mall, ensuring strong tenant appeal. Recent building upgrades include new siding, fascia, and downspouts (2025), as well as re-surfaced decks with metal railings and a chain-link fence surrounding the property for added safety and security. Paving blocks were replaced in 2024. Inside, the units were updated approximately 20 years ago with modernized cabinetry, vinyl plank flooring in the basement suites, and carpeted upper units. The lower units feature two separate entrances and a dug-out patio area perfect for BBQs and outdoor seating. A solid, income-producing property with valuable recent improvements and a convenient location—ready to add to your portfolio!
Location
Province AB
Zoning R-M
Interior
Interior Features Laminate Counters
Heating Boiler
Flooring Carpet, Linoleum, Vinyl
Fireplace No
Appliance Dishwasher, Electric Stove, Refrigerator, Washer/Dryer
Laundry In Unit
Exterior
Parking Features Alley Access, Off Street, Parking Pad
Fence Fenced
Total Parking Spaces 4
Garage No
Building
Lot Description Back Lane, Landscaped
Dwelling Type Four Plex
Foundation Poured Concrete
Others
Restrictions None Known
Listed by Realty Experts Group Ltd
