Property Information:

DOUBLE THE OPPORTUNITY! Discover the investment potential of this well-maintained, side-by-side bi-level duplex at 231 & 233 Kendrew Drive in Red Deer. Offering two separate residential units, established tenants and a combined rental income of $3,000 per month, this property presents an appealing opportunity for investors looking to add a complete duplex to their portfolio.Each side features a functional bi-level design with comfortable main-floor living spaces and additional lower-level accommodation. The two units offer approximately 1,302 sq. ft. of combined above-grade floor area, plus their respective lower levels. The property has benefited from attentive ownership and ongoing maintenance, including improvements to flooring, countertops and appliances in 233 Kendrew Drive.Both units are currently rented at $1,500 per month, with tenants responsible for utilities. Existing leases extend to July 1, 2027, for 233 Kendrew Drive and September 1, 2027, for 231 Kendrew Drive, providing an established rental arrangement for the incoming owner.Whether you're growing an existing investment portfolio or looking to acquire your first multi-unit property, this duplex offers the advantages of two income-producing residences in one investment. A practical property with established income, maintained interiors and flexibility for future ownership plans!

Inclusions: window coverings

Building Features:

Total Finished Area: 1302.00

Property Features:

Architectural Style: Side by Side, Bi-Level
Built in: 2002
Construction Materials: Vinyl Siding
Floor Space (approx): 1302.00 Square Feet
Flooring: Laminate, Linoleum
Heating: Forced Air, Natural Gas
Levels: Bi-Level
Lot Size: 3197.00 Square Feet
Parking Features: Off Street
Roof: Asphalt Shingle
Water Source: Public
Zoning: R-D
Sewer: Sewer
No. of Parking Spaces: 4

Courtesy of: Century 21 Advantage

Data provided by: Central Alberta REALTORS® Association 4922 45 St., Red Deer, Alberta T4N 1K6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Demographic Information of 231 & 233 Kendrew Drive, Red Deer, AB, T4P 3Z1

Life Stage

Growing Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$121,733.36

Average Number of Children

1.81

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.52 %

High school certificate or equivalent

38.14 %

Apprenticeship trade certificate/diploma

12.62 %

College/non-university certificate

23.26 %

University certificate (below bachelor)

0.56 %

University Degree

10.9 %

Commuter

Travel To Work

By Car

98.04 %

By Public Transit

0.25 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

1.71 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

1.98 %

Houses

98.02 %

231 & 233 Kendrew Drive, Red Deer, AB, T4P 3Z1