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NORMANDEAU

2 Nichols Crescent , Red Deer, AB

$429,900

Residential · MLS® A2313031
4Bedrooms
3Bathrooms
1,920Sq Ft
2Garage
1977Year Built
02 / Overview

PROPERTY OVERVIEW

This nicely maintained property in a quiet neighbourhood is packed with recent updates, is clean, and shows well. The bright, functional kitchen features generous counter space, a built-in dishwasher, a convenient pantry, and a large eating area filled with natural light. Both the kitchen and dining area boast new flooring installed within the last five years. The adjacent oversized living room features a cozy wood burning fireplace with gas log lighter, while there is an impressive open front entry. ...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,920 sq ft
Lot Size4,256 sq ft
ZoningRL
HeatingForced Air • Natural Gas
CoolingCentral Air
ParkingDouble Garage Attached • Off Street
ExteriorBalcony • Other • Private Yard
BasementFull
Year Built1977
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$1,513After mortgage & expenses
Cap Rate8.7%Based on market rents
Cash on Cash Return21.1%With 20% down payment
Est. Monthly Rent$3,560Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

NORMANDEAU

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Investment ScoreN/A
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Listed by Jane Wierzba · RE/MAX real estate central alberta