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42 Onaway Avenue
Red Deer
Update on 2023-07-04 10:05:04 AM
$650,000
0
BEDROOMS
0 + 0
BATHROOMS
2240
SQUARE FEET
1980
YEAR BUILT
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!
COMMUNITY | Oriole Park |
TYPE | MFAM |
STYLE | |
YEAR BUILT | 1980 |
SQUARE FOOTAGE | 2240.0 |
BEDROOMS | |
BATHROOMS | |
BASEMENT | |
FEATURES |
GARAGE | No |
PARKING | Off Street, PParking Pad, Plug-In |
ROOF | Asphalt Shingle |
LOT SQFT | 0 |
ROOMS | DIMENSIONS (m) | LEVEL |
---|---|---|
Master Bedroom | ||
Second Bedroom | ||
Third Bedroom | ||
Dining Room | ||
Family Room | ||
Kitchen | ||
Living Room |
INTERIOR
Forced Air, Natural Gas,
EXTERIOR
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