Diane Richardson

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3721 46 Street
Eastview (Red Deer) Red Deer T4N 1L5

$374,900
Residential beds: 3 baths: 2.0 833 sq. ft. built: 1957

Main Photo: 3721 46 Street: Red Deer Detached for sale : MLS®# A2251283
Photo 1: 3721 46 Street: Red Deer Detached for sale : MLS®# A2251283
Photo 2: 3721 46 Street: Red Deer Detached for sale : MLS®# A2251283
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2251283
Bedrooms:
3
Bathrooms:
2
Year Built:
1957
Welcome to this excellent investment opportunity in the family-friendly Eastview neighborhood. This property offers a versatile setup, perfect for a homeowner or for an investor seeking a strong return on investment in Red Deer. The home features a practical layout with a 2-bedroom main floor unit and an exceptionally large 1-bedroom legal suite on the lower level, each with its own entrance- front and back. Both suites are rented to long-term tenants who would love to stay. The upstairs unit, which also includes use of the heated double garage, rents for $1,800 per month, while the downstairs suite rents for $975 per month. Utilities are included in rent. Together, the property currently generates a total monthly income of $2,775—all at an attractive purchase price of just $395,000. That is an outstanding buy with immediate cash flow in place. Several upgrades have already been completed. Both suites come equipped with appliances, including two fridges, two stoves, plus a washer and dryer in common space. The outdoor space is a highlight. A deck with built-in benches overlooks the backyard, perfect for relaxing or entertaining. The fully fenced yard facing south with mature trees adds privacy, shade, and character to the lot. The oversized heated garage at the back with alley access is a rare find and adds even more value for tenants. The surrounding neighborhood is peaceful and welcoming, with great neighbors and a true community feel that keeps tenants happy. Whether you are looking for a low-cost home with potential or want to grow your real estate portfolio with a reliable property, this Eastview home offers it all. With excellent tenants and an attractive price, this is truly a rare find. At just $395,000, currently generating $2,775 in monthly income, this is one of the best buys on the market today. Opportunities like this do not last long.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
Yes
Num Legal Suites:
1
Num Illegal Suites:
0
Home Style:
Bungalow
Total Living Area:
833.34 sq. ft.
Main Level Finished Area:
833.34 sq. ft.
Below Grade Finished Area:
724.24 sq. ft.
Acreage:
No
Lot Area:
6,050 sq. ft.
Lot Frontage:
48'
Front Exposure:
North
Unit Exposure:
South
Levels:
One
Total Rooms Above Grade:
4
Year built:
1957 (Age: 68)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
6232HW
Heating:
Forced Air, Natural Gas
Basement:
Full, Finished, Separate/Exterior Entry, Walk Up
Foundation:
Block
New Constr.:
No
Construction Material:
Stucco, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached, Oversized
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Eastview (Red Deer)
Dryer, Electric Stove, Garage Control(s), Range Hood, Refrigerator, Washer
Suite Fridge, Suite Stove, Shed
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
12' × 8'9"
Main Floor
Kitchen
14'10" × 10'8"
Main Floor
Living Room
18'2" × 12'2"
Main Floor
Bedroom - Primary
13'11" × 8'8"
Basement
Bedroom
11'11" × 10'11"
Basement
Kitchen
13'11" × 11'
Basement
Laundry
11'6" × 11'
Basement
Game Room
20'1" × 11'
Basement
Furnace/Utility Room
5'6" × 3'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 10'7"
Basement
No
4
6'6" x 6'8"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Sidewalks, Street Lights
Interior Features:
Open Floorplan
Exterior Features:
Other, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Landscaped, Wooded
Num. of Parcels:
0
Fencing:
Fenced
Region:
Red Deer
Zoning:
R-D
Listed Date:
Sep 29, 2025
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Listed by RE/MAX real estate central alberta
Data was last updated December 11, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
254
Avg list price:
$439,700
Min list price:
$109,000
Max list price:
$1,999,900
Avg days on market:
38
Min days on market:
1
Max days on market:
192
Avg price per sq.ft.:
$337
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations. This data is not produced by the MLS® system.
DIANE RICHARDSON
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.