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3518 48 Avenue
South Hill (Red Deer) Red Deer T4N 3S3

$725,000
Multi-Family 1,978 sq. ft. built: 2001

Main Photo: 3518 48 Avenue: Red Deer Triplex for sale : MLS®# A2201270
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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2201270
Year Built:
2001
***CASH COW - 6.32% CAP RATE*** INCREDIBLE INVESTMENT OPPORTUNITY! This 3 PLEX sits on a corner lot, in a quiet area, right by the park and across from a treed reserve! Each unit has 3 bedrooms, 1.5 bathrooms, vaulted ceilings and new stainless steel appliances! Yearly rent is $65,400! Tenants pay utilities. South backyard, 6 paved parking stalls and 3 storage sheds. Tenants to be assumed. BUYERS DID NOT WAIVE FINANCING.
Property Type:
Multi-Family
Property Sub Type:
Triplex
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
1,978 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,850 sq. ft.
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Levels:
Two
Year built:
2001 (Age: 24)
Bathrooms:
- (Full:-, Half:-)
Plan:
8324ET
New Constr.:
No
Structure Type:
Triplex
Ensuite:
No
Garage:
0
Parking:
Paved, Stall
Parking Places:
6
Parking Total/Covered:
6 / -
South Hill (Red Deer)
Other
3 x Refrigerators, 3 x Stoves, 3 x Dishwashers, 3 x Washers, 3 x Dryers, 3 Storage Sheds, All Window Coverings
None Known
Title to Land:
Fee Simple
Num. of Parcels:
0
Outbuildings:
Shed
Region:
Red Deer
Zoning:
R2
Listed Date:
Mar 11, 2025
Days on Mkt:
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Listed by RE/MAX Real Estate (Central)
Data was last updated April 5, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$832,000
Min list price:
$630,000
Max list price:
$3,780,000
Avg days on market:
56
Min days on market:
11
Max days on market:
208
Avg price per sq.ft.:
$311.33
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations.
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.