$689,000.00 0 Sq.ft

7 Nyberg Avenue , Red Deer. T4P 1R5

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!

Listing Information

Prop. Type:Multi-Family
Status:Pending
MLS #:A2264661
City:Red Deer
Neighbourhood:Normandeau
Province:Alberta
Building/Unit Size: 0 sq.ft
Land Size:0.20 Acre
Listing Price:$689,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:4 plex
Transaction Type:For Sale
Land Use Code:R-M
Listing Contract Date:2025-10-16

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "Realty Experts Group Ltd" listing brokerage.

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