7.7% CAP Rate in Oriole Park! $73,920/YR IN GROSS RENTS! You won't find a better performing 4-plex available in Red Deer! 42 Onaway Ave offers reliable income and growth potential in Red Deer’s thriving rental market. All units are 3 bedroom 1.5 bath. The units are laid out nicely, each one a bi-level that features 1 bedroom, a 2-piece bath, kitchen, living, and dining areas upstairs, plus 2 bedrooms, a 4-piece bath, and laundry downstairs. All units include private balconies off the dining area. Recent updates include a heavily renovated Unit C (see photos) and a 2016 asphalt shingle roof with lots of life remaining. Balconies have been well maintained, and each unit is individually metered for electricity, keeping owner costs low. The property has a private rear parking area with powered stalls, plus additional street parking. Ideally located across from a park and minutes from schools, shopping, downtown, and major highways, this turn-key property benefits from consistent tenancy and Red Deer’s growing appeal for its strong job market and affordability. Don’t miss this opportunity to invest in a high-performing, hassle-free asset!More details
Seize the opportunity to experience an incredible, well-crafted home nestled in one of Red Deer’s most stunning locations. This open-concept residence radiates a comfortable mid-century charm, featuring beautiful hickory hardwood floors that flow seamlessly throughout the main living areas and bedrooms. The kitchen is the heart of this home, designed to inspire your culinary adventures. Equipped with high-end newer appliances, an induction cooktop, and gleaming quartz countertops, this space not only enhances the kitchen's aesthetic but also provides ample room for meal preparation and entertaining. Unwind in the inviting living room, where a cozy fireplace beckons you to relax and enjoy quality time with family and friends. Large windows at the back of the home frame breathtaking views, creating the perfect setting for stargazing on clear nights. Retreat to the bright and refreshing primary suite, which offers a massive spa-like 5-piece ensuite. This luxurious space is designed for relaxation and rejuvenation, making it the perfect escape after a long day. The home also features three additional bedrooms, each offering generous living space and large, bright windows. The basement is a versatile flex space equipped with built-in surround sound, perfect for movie nights, game room, or whatever your heart desires. The exterior of the home is equally impressive, boasting a massive paved driveway that accommodates multiple vehicles and RV parking. The heated garage is uniquely used as a full gym currently and can easily be converted back if desired. Enjoy the incredible 2/3 acre lot that overlooks the city and is in a prime location, mere steps from Bower Ponds, Oriole Park School, shopping, and Red Deer's newest community hotspot, Capstone. The unique and special yard of this property has been lovingly maintained and professionally designed, creating a stunning outdoor oasis. It features a brand new 14x29 herringbone deck and a 16x7 greenhouse on a gravel foundation with temperature-controlled vents, ideal for gardening enthusiasts. Spanning an impressive 3,500 square feet, the garden showcases meticulous landscaping that enhances the natural beauty of the surroundings. With durable rubber molded edging, the garden not only looks polished but also ensures easy maintenance and longevity. This thoughtfully crafted outdoor space is perfect for gardening enthusiasts, family gatherings, or simply enjoying the tranquility of nature. This home is more than just a residence; it’s a sanctuary for family gatherings, cherished memories, and a lifestyle of comfort and elegance. Don’t miss your chance to make this stunning property your own!More details
Great solid family home in mature neighborhood .Close to schools parks, and Bower Ponds. Three bedrooms on the main floor .Good size primary bedroom ,4pc on the main floor plus a 3pc in the basement. Improvements in recent years include new windows and newer shingles. Large oversized 32 x 28 garage and perfect for the Handyman. Lots off extra parking and room for RV.More details
Data was last updated February 11, 2025 at 08:05 PM (UTC)
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