35 Orient Green Red Deer, AB T4P 1W3

$659,900
2,413
SQFT
273
$/SQFT
$659,900
2,413   sf
$273 / sf
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This fully rented, substantially renovated well-maintained fourplex in Oriole Park is the perfect addition to any investor’s portfolio! Situated directly across from a green space and just minutes from parks, playgrounds, schools and shopping, these 3 bedroom, 1.5 bathroom units are the perfect place for families to call home. Recent upgrades include newer flooring, paint, a new roof and new windows in 2022 with the remainder of a 25 year warranty, 2 new furnaces, and rebuilt oversized balconies. Unit C has also been renovated to an open concept main floor and a new kitchen. All units are currently rented with excellent long-term tenants, and rents can be increased on all 4 units as of June 1, 2025. Market rents for these units will pull $1500+ per month with tenants paying own electricity and gas, giving this building a cap rate of over 8%. Tenants are currently paying $1,375, $1,350 (all utilities included) and $1,150 and $1,050, with tenants paying their own electricity and gas. Each unit is separately metered, so rents can easily be increased and utilities moved into tenant’s names. Each unit has a designated parking stall at the rear of the property, and there is additional street parking available out front. This is an excellent investment to add to your portfolio with exceptional cash flow.

This fully rented, substantially renovated well-maintained fourplex in Oriole Park is the perfect addition to any investor’s portfolio! Situated directly across from a green space and just minutes from parks, playgrounds, schools and shopping, these 3 bedroom, 1.5 bathroom units are the perfect place for families to call home. Recent upgrades include newer flooring, paint, a new roof and new windows in 2022 with the remainder of a 25 year warranty, 2 new furnaces, and rebuilt oversized balconies. Unit C has also been renovated to an open concept main floor and a new kitchen. All units are currently rented with excellent long-term tenants, and rents can be increased on all 4 units as of June 1, 2025. Market rents for these units will pull $1500+ per month with tenants paying own electricity and gas, giving this building a cap rate of over 8%. Tenants are currently paying $1,375, $1,350 (all utilities included) and $1,150 and $1,050, with tenants paying their own electricity and gas. Each unit is separately metered, so rents can easily be increased and utilities moved into tenant’s names. Each unit has a designated parking stall at the rear of the property, and there is additional street parking available out front. This is an excellent investment to add to your portfolio with exceptional cash flow.

  • Neighborhood
  • Type
  • County
    Red Deer
  • Status
    Active
  • Listing #
    A2194198
  • Built
    1979
  • Listed on site
    14 days
  • Listing Brokerage
    RE/MAX real estate central alberta

Listed by:

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. Last updated: 2025-03-04 18:29:19
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Property details

Community Features

  • No HOA

Exterior features

  • Deck
  • No Pool

Interior Features

  • Carpet Floors
  • Basement Finished
  • Basement Full

Style

  • One Story
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