AB > Red Deer > Oriole Park
Red Deer, AB T4P 1W3,35 Orient GN
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Red Deer, AB T4P 1W3,35 Orient GN
Red Deer, AB T4P 1W3,35 Orient GN
Red Deer, AB T4P 1W3,35 Orient GN
Red Deer, AB T4P 1W3,35 Orient GN
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Natasha Virmani

Natasha Virmani

+1(403) 618-6878
$ 659,900
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35 Orient GN Red Deer, AB T4P 1W3

2,413 SqFt

UPDATED:

03/04/2025 11:20 PM

Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Square Footage 2,413 sqft

Price per Sqft $273

Subdivision Oriole Park

MLS® Listing ID A2194198

Style Bi-Level

Year Built 1979

Property Sub-Type 4 plex

Property Description

This fully rented, substantially renovated well-maintained fourplex in Oriole Park is the perfect addition to any investor's portfolio! Situated directly across from a green space and just minutes from parks, playgrounds, schools and shopping, these 3 bedroom, 1.5 bathroom units are the perfect place for families to call home. Recent upgrades include newer flooring, paint, a new roof and new windows in 2022 with the remainder of a 25 year warranty, 2 new furnaces, and rebuilt oversized balconies. Unit C has also been renovated to an open concept main floor and a new kitchen. All units are currently rented with excellent long-term tenants, and rents can be increased on all 4 units as of June 1, 2025. Market rents for these units will pull $1500+ per month with tenants paying own electricity and gas, giving this building a cap rate of over 8%. Tenants are currently paying $1,375, $1,350 (all utilities included) and $1,150 and $1,050, with tenants paying their own electricity and gas. Each unit is separately metered, so rents can easily be increased and utilities moved into tenant's names. Each unit has a designated parking stall at the rear of the property, and there is additional street parking available out front. This is an excellent investment to add to your portfolio with exceptional cash flow.

Location

State AB

County Red Deer

Zoning R-M

Rooms

Basement Finished, Full

Interior

Interior Features Ceiling Fan(s), Closet Organizers, Laminate Counters, Primary Downstairs, Separate Entrance, Storage

Heating Forced Air, Natural Gas

Flooring Carpet, Laminate, Linoleum, Vinyl

Inclusions Fridge x4, Stove x4, Range Hood x3, Microwave Range Hood x1, Dishwasher x1, Washer/Dryer x4

Appliance Dishwasher, Microwave Hood Fan, Range Hood, Refrigerator, Stove(s), Washer/Dryer

Laundry In Unit

Exterior

Parking Features Alley Access, Stall

Community Features Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Roof Type Asphalt Shingle

Porch Deck

Total Parking Spaces 6

Building

Lot Description Back Lane

Dwelling Type Four Plex

Foundation Poured Concrete

Architectural Style Bi-Level

Level or Stories Bi-Level

Structure Type Concrete,Stucco,Wood Frame

Others

Restrictions None Known

Tax ID 91734620

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Listed by RE/MAX real estate central alberta
agent

Natasha Virmani

Agent

+1(403) 618-6878

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35 Orient GN