Courtesy Of Royal Lepage Network Realty Corp.

92 Oak Street, Red Deer


0 Baths
4,599 Sqft
.18 Acres

INVESTOR ALERT!!! Introducing 92 Oak Street, Red Deer – an outstanding 1978 Bi-Level four-plex that presents an excellent investment opportunity. This property offers a unique chance for investors to secure a steady rental income stream. The four-plex structure consists of units spread over two floors, ensuring spacious living arrangements that appeal to tenants. With a private rear parking area providing one dedicated stall for each of the four units, as well as additional street parking, convenience is at the forefront. Meticulously maintained by its current owners, the property is in impeccable condition, guaranteeing peace of mind for potential buyers looking to make a wise investment. The units come equipped with essential appliances such as refrigerators, stoves, washers, and dryers. Any additional appliances needed are the responsibility of the tenants, adding to the property's low upkeep for owners. Each unit offers a unique living arrangement: - The upper level consists of approximately 568 sq/ft, featuring one bedroom, a 2-piece bathroom, family room, dining room, laundry area, and kitchen. - The lower level comprises approximately 511 sq/ft, offering two bedrooms, a 4-piece bathroom, and a utility room. The property has been consistently fully tenanted, making it an attractive and reliable income generator for investors. Balconies of all units have been meticulously maintained and repaired by the owner, showcasing the commitment to a well-maintained property. Strategically situated near Taylor Dr and 67th St, the property benefits from easy access to various amenities, including doctors' offices and shopping centers. The location is also conveniently just a 5-minute drive from QEII and Downtown, adding to its overall appeal. A unique advantage for potential buyers: With one unit recently becoming vacant, new owners have the option to live in one of the units while the other three units contribute to covering the mortgage. This presents a smart strategy to maximize returns. Another notable aspect is that all four units were combined onto one title in 2023, streamlining the administrative process for the new owner. Overall, 92 Oak Street holds significant potential for investors seeking a reliable income source. Its strategic location, well-maintained condition, and the possibility of owner occupancy make it a compelling proposition. If you're looking to make a wise investment that offers both immediate and long-term benefits, don't miss the chance to explore 92 Oak Street.

Essential Information
MLS® #A2075800
Square Footage4,599
Year Built1978
Sub-Type4 plex
Community Information
Address92 Oak Street
SubdivisionOriole Park
CityRed Deer
CountyRed Deer
Postal CodeT4P1S1
Parking Spaces7
ParkingOff Street, Parking Pad
HeatingForced Air, Natural Gas
Has BasementYes
BasementFinished, Full
Interior Features

Ceiling Fan(s), Laminate Counters, No Animal Home, No Smoking Home


Refrigerator, Stove(s), Washer/Dryer

Exterior FeaturesNone
Lot DescriptionLawn
RoofAsphalt Shingle
ConstructionConcrete, Stucco, Wood Frame
FoundationPoured Concrete
Additional Information
Date ListedAugust 21st, 2023
Days on Market37
Listing Details

Courtesy Of Royal Lepage Network Realty Corp.

MLS listings provided by Pillar 9™. Information Deemed Reliable But Not Guaranteed. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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