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Turnkey investment opportunity with a legal basement suite built just 5 years ago, currently generating $2,650 per month in rental income, with tenants paying most utilities. The main floor offers 2 bedrooms, a good-sized living room, a cozy kitchen, and a 4-piece bath. The legal basement suite mirrors that layout with 2 bedrooms, a 4-piece bath, a full kitchen, and a separate living area. Each suite has its own in-suite laundry, and the suites are separately heated and ventilated, which keeps tenant comfort high and utility allocation simple. Additional features include a double car garage with additional off-street parking, plus a fully fenced shared yard. A solid addition for investors looking to build a portfolio, or for an owner-occupier who wants help carrying the mortgage. Newer legal suite construction means less capital risk than older conversions, and with stable rental income and low tenant utility exposure, the numbers are easy to underwrite.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 11/13/2026 |
|---|---|---|---|
| TRACT | Michener Hill | YEAR BUILT | 1953 |
| GARAGE SPACES | 2.0 | COUNTY | Red Deer |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Range, Range Hood, Refrigerator, Tankless Water Heater, Washer/Dryer, Washer/Dryer Stacked |
| BASEMENT | Exterior Entry, Finished, Full, Yes |
| CONSTRUCTION | Stucco, Wood Siding |
| EXTERIOR | Private Entrance, Private Yard |
| GARAGE | Yes |
| HEAT | Baseboard, Forced Air, Natural Gas, Radiant |
| INTERIOR | Laminate Counters |
| LOT | 6098 sq ft |
| LOT DESCRIPTION | Back Yard, Private |
| PARKING | Off Street, Garage |
| STORIES | 1 |
| STYLE | Bungalow |
| SUBDIVISION | Michener Hill |
| TAXES | 2754 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with CIR Realty
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Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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Data last updated 11/14/26 6:18 AM PST
This IDX solution is (c) Diverse Solutions 2026.
