Turnkey investment opportunity with a legal basement suite built just 5 years ago, currently generating $2,650 per month in rental income, with tenants paying most utilities.
The main floor offers 2 bedrooms, a good-sized living room, a cozy kitchen, and a 4-piece bath. The legal basement suite mirrors that layout with 2 bedrooms, a 4-piece bath, a full kitchen, and a separate living area. Each suite has its own in-suite laundry, and the suites are separately heated and ventilated, which keeps tenant comfort high and utility allocation simple.
Additional features include a double car garage with additional off-street parking, plus a fully fenced shared yard.
A solid addition for investors looking to build a portfolio, or for an owner-occupier who wants help carrying the mortgage. Newer legal suite construction means less capital risk than older conversions, and with stable rental income and low tenant utility exposure, the numbers are easy to underwrite.
Data was last updated November 14, 2026 at 06:05 AM (UTC)
Area Statistics
Listings on market:
377
Avg list price:
$414,900
Min list price:
$39,900
Max list price:
$4,200,000
Avg days on market:
39
Min days on market:
1
Max days on market:
305
Avg price per sq.ft.:
$332.3
These statistics are generated based on the current listing's property type
and located in
Red Deer. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.