Active
WEST PARK
5929 West Park Crescent , Red Deer, AB
$391,000
Residential · MLS® A22959914Bedrooms
2Bathrooms
1,029Sq Ft
2Garage
1961Year Built
02 / Overview
PROPERTY OVERVIEW
Excellent revenue property in West Park offering a fully rented home with a legal suite and detached garage. The main floor is currently rented at $1,625/month plus 60% of utilities, and the basement suite generates $1,450/month including utilities.
The main floor offers approximately 1,029 sq ft above grade with a spacious living room, functional kitchen, two bedrooms, full bathroom, and dedicated laundry. The layout is practical and tenant-friendly, with hardwood flooring and a bright, open feel.
The self-contained basement suite features two...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,029 sq ft
Lot Size6,625 sq ft
ZoningR-L
HeatingForced Air
CoolingNone
ParkingCarport • Double Garage Detached
ExteriorPrivate Yard
BasementFull
Year Built1961
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$1,340After mortgage & expenses
Cap Rate8.6%Based on market rents
Cash on Cash Return20.6%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
WEST PARK
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by Sanjivkumar Shukla · Initia Real Estate