Excellent investment opportunity! This well-maintained 4-plex offers steady rental income and long-term potential for real estate investors. Each self-contained suite features 2 bedrooms, 1 full bathroom, and in-suite laundry for tenant convenience. The property is ideally located close to schools, parks, and within walking distance to Parkland Mall, ensuring strong tenant appeal. Recent building upgrades include new siding, fascia, and downspouts (2025), as well as re-surfaced decks with metal railings and a chain-link fence surrounding the property for added safety and security. Paving blocks were replaced in 2024. Inside, the units were updated approximately 20 years ago with modernized cabinetry, vinyl plank flooring in the basement suites, and carpeted upper units. The lower units feature two separate entrances and a dug-out patio area perfect for BBQs and outdoor seating. A solid, income-producing property with valuable recent improvements and a convenient location—ready to add to your portfolio!
Address
7 Nyberg Avenue
List Price
$689,000
Property Type
Multi-Family
Type of Dwelling
4 plex
Transaction Type
Sale
Area
Red Deer
Sub-Area
Normandeau
Floor Area
2,086 Sq. Ft.
Lot Size
8587 Sq. Ft.
Year Built
1978
MLS® Number
A2264661
Listing Brokerage
Realty Experts Group Ltd
Postal Code
T4P 1R5
Zoning
R-M
Site Influences
Back Lane, Landscaped
The data included in this display is deemed reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association. The real estate listing information and related content displayed on this site is provided exclusively for consumers. personal, non-commercial use and, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate.
