5928 52 Avenue

About this home

INVESTOR ALERT! Welcome to this well-maintained corner-unit home in Riverside Meadows, offering an excellent opportunity for investors seeking a property with flexible living arrangements, a legal basement suite, and strong rental potential.The bright main level features a large east-facing window, bringing in plenty of natural light, along with new hardwood flooring throughout the main living spaces. The main floor offers three bedrooms, while the fully developed legal basement suite provides an additional two bedrooms, giving the property a total of five bedrooms.The legal basement suite adds significant value and flexibility, featuring a large family room, separate laundry, and a separate entrance. The suite is currently occupied by long-term tenants who are willing to stay, providing a potential opportunity for a new owner to maintain the existing tenancy and rental income, subject to the applicable tenancy terms.Outside, you'll find a large deck, perfect for entertaining or relaxing, along with newer fencing for added privacy. Parking is another major advantage, with six parking spaces in total, including two spaces at the rear of the property and three additional spaces within the gated RV parking area.The home also features a high-efficiency heating system, adding to its overall appeal for both homeowners and investors.Located in Riverside Meadows, this property offers convenient access to local amenities, services, and transportation routes. Whether you're looking to expand your rental portfolio, house-hack, or purchase a property with multiple income-producing options, this is an opportunity worth taking a closer look at.Key Investor Features:Legal 2-bedroom basement suiteLong-term basement-suite tenants willing to stay5 bedrooms total3 bedrooms on the main levelSeparate suite entranceSeparate laundryLarge basement family roomNew hardwood flooringLarge east-facing windowHigh-efficiency heating system6 parking spaces / gated RV parking spaces2 additional rear parking spacesLarge deckNewer fencingCorner-unit locationRiverside MeadowsExcellent rental and house-hacking potential (id:66966)

Details

Type

Detached

Style

Bungalow

Size

1287 sq ft

Basement

Finished, Full, Separate entrance

Property tax

$4,567 (2026)

Neighbourhood

Riverside Meadows

Municipality

Red Deer

Interior

Bedrooms

3 above ground + 2 below

Fireplace

No

Appliances

Dishwasher, Stove, Dryer

Flooring

Laminate

Heating, cooling and services

Heating

Central heating

Building and exterior

Style

Bungalow

Year built

2015

Exterior

Poured concrete

Foundation

Poured Concrete

Outdoor

Concrete, Stucco, Vinyl siding

Parking

Total parking

2

Driveway and parking

RV

Rooms

Location

Location is approximate. See nearby homes on the map