29 Eastman Crescent Red Deer, AB T4R 1X4
Listing Courtesy of: PILLAR 9 - IDX / Real Broker

  29 Eastman Crescent Red Deer, AB T4R 1X4

Active (4 Days)
$700,000
2,171
SQFT
See Similar Listings

Description

7.4% Stabilized CAP Rate! $6,250/mo in gross rents! An exceptional investment opportunity awaits at Eastview Estates! This well-maintained 4PLEX offers Bi-Level units, each with 3 Bedrooms, 1 Bath, Kitchen, Dining, Living Room, separate Laundry, and a balcony. Two units have been FULLY RENOVATED in the last year (NEW KITCHEN, APPLIANCES, DOORS, FLOORING, PAINT, BATHROOM, PATIO DOORS, WINDOWS, ETC , bringing a fresh modern appeal, while NEWER WINDOWS throughout the 4PLEX enhance energy efficiency and aesthetics. Each unit includes 2 designated PAVED PARKING STALLS for tenants' convenience. Tenants have FRESH LEASES in place and are responsible for individual electrical and heating costs. With gross monthly revenue at $6,250 and all four units currently rented with tenants eager to stay, this property promises a stable and lucrative income stream. Nestled in the vibrant community of Eastview Estates in Red Deer, the property is located just off 30 Ave and less than 200 meters from a transit stop, offering a prime location with superb transportation access. Known for its friendly neighbourhood atmosphere, Eastview Estates provides residents with access to parks, schools, and shopping, enhancing the appeal for renters seeking convenience and lifestyle.

MLS®:
A2251956
Type
Multifamily
Year Built
1982
County
Red Deer County

Listed By

Benjamin Sweet, Real Broker
Source
PILLAR 9 - IDX
Last checked Aug 31 2025 at 8:45 PM MDT
Bathroom Details
Subdivision
  • Eastview Estates
Property Features
  • Fireplace: Total Fireplace(s) : 0
Parking
  • Parking Space(s) : 8
Living Area
  • 2,171 sqft
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Disclaimer: Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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