Investors! Add this maintenance free, cash flowing property with an excellent tenant already in place to your portfolio! Offering an 8% cap, the current tenant is paying $1700/mo and is in a lease until August 2026. This 2 bedroom, 2 bathroom, top floor suite offers a bright and open layout including a spacious dining area and u-shaped kitchen with clean white cabinetry and an eating bar that overlooks the living room. The living room is generously sized and leads to sliding patio doors to a private west facing covered balcony where BBQs are permitted. The primary suite includes a walk through closet and a full 4 piece ensuite, while the second bedroom is situated on the other side of the home near its own full 4 piece bathroom, great for roommates, guests, or kids. Additional features include in suite laundry with extra storage space and two assigned exterior parking stalls. Condo fees of $426.26 per month include electricity, heat, water, sewer, snow removal, exterior and common area maintenance, and professional management, making this a true hands off investment. Located steps from schools, playgrounds, trails, and everyday amenities, this income generating condo is the perfect addition to your real estate portfolio.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Suite:
No
Home Style:
Apartment-Single Level Unit
Total Living Area:
844 sq. ft.78.4 m2
Main Level Finished Area:
844 sq. ft.78.4 m2
Condo Fee:
$426.26
Condo Fee Includes:
Common Area Maintenance, Electricity, Heat, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
Front Exposure:
West
Unit Exposure:
West
Floor Location:
Top
Entry Level:
4
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2004
(Age: 21)
Bedrooms:
2
(Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0
(Full:2, Half:0)
Plan:
0425053
Heating:
Baseboard, Natural Gas
New Constr.:
No
Construction Material:
Concrete, Stone, Stucco, Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Assigned, Off Street, Stall
Parking Places:
2
Parking Total/Covered:
2 /
-
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Inglewood Pointe
Inglewood West
Elevator(s), Snow Removal, Trash, Visitor Parking
Dishwasher, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Window Coverings
N/A
Pets Not Allowed
No
Floor
Type
Size
Other
Main Floor
Dining Room
14'1"4.29 m × 10'2"3.10 m
Main Floor
Kitchen
9'9"2.97 m × 9'2.74 m
Main Floor
Living Room
14'7"4.44 m × 13'10"4.22 m
Main Floor
Bedroom - Primary
12'1"3.68 m × 10'8"3.25 m
Main Floor
Bedroom
12'3.66 m × 10'3"3.12 m
Main Floor
Laundry
Measurements not available
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
7'8" x 5'1"
Main Floor
No
4
5' x 8'6"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Data was last updated June 6, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
279
Avg list price:
$434,900
Min list price:
$89,900
Max list price:
$1,750,000
Avg days on market:
24
Min days on market:
1
Max days on market:
389
Avg price per sq.ft.:
$337.52
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.