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WEST PARK

5418 37 Street , Red Deer, AB

$409,777

Residential · MLS® A2321316
2Bedrooms
2Bathrooms
830Sq Ft
2Garage
1956Year Built
02 / Overview

PROPERTY OVERVIEW

The Ultimate Compromise: His Dream Workshop, Her Dream Home.

This fully refreshed Red Deer property delivers the holy grail of real estate: a massive, high-end toy box for him, and a gorgeous, turnkey interior for her.

For the man with projects and toys, the backyard is absolute paradise. The star of the show is a massive 30x24 detached garage—the ultimate heated workshop, mechanic's haven, or man cave. IT EVEN HAS ITS OWN BATHROOM! Next to it, a private, gated 15x10 covered storage...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area830 sq ft
Lot Size6,250 sq ft
ZoningR-D
HeatingForced Air • Natural Gas
CoolingNone
ParkingDouble Garage Detached • Garage Faces Rear • Heated Garage • Insulated • Off Street • Oversized • Parking Pad • RV Access/Parking • Workshop in Garage
ExteriorFire Pit • Private Entrance • Private Yard • Storage
BasementFull
Year Built1956
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$1,258After mortgage & expenses
Cap Rate8.2%Based on market rents
Cash on Cash Return18.4%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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Listed by Penny Kander · Realty Executives Alberta Elite