4811 55 Street #203
Red Deer, Alberta

Summary

Investors or first time home buyers! If you're looking for a no maintenance, no hassle real estate investment, this 1 bedroom condo has a great long term tenant and can be managed in a rental pool (but is not required to be). This 2nd floor apartment offers 623 sq ft of functional living space with a long term tenant already in place paying $1300/mo. The layout includes a galley style kitchen with white appliances, a separate dining area, and a large living room with sliding doors to a private balcony. The unit features one nicely sized bedroom with ample closet space, a 4 pce bathroom, and a large storage room, adding useful space for everyday items. One assigned parking stall is also included. Condo fees of $461.13 include all utilities except power which is paid for by the tenant, professional management, common area maintenance, and exterior maintenance. This property offers immediate income potential for investors, or an affordable living option for a single working individual. Located close to shopping, restaurants, transit, schools, and the river trail system, this is a practical and economical choice in a convenient area.