Kingsgate, Red Deer · MLS® A2353072
322
655 sq ft · 3,197 sq ft lot · House · Single Family · built 2002 · 7 days on market
listed by Patrick Galesloot, Century 21 Advantage
A great opportunity for investors looking for an established rental property in Red Deer! This well-maintained bi-level half duplex offers a practical layout, comfortable living spaces and the added appeal of a bright front bay window. With approximately 655 sq. ft. above grade, plus a developed lower level, the home makes efficient use of its space while providing the separation and functionality that make bi-level homes so appealing.The property has benefited from attentive ownership and ongoing maintenance, including appliance updates as needed. Currently rented for $1,500 per month, with tenants responsible for utilities, this is an opportunity to acquire a property with rental income already in place. The existing lease runs to September 1, 2027.Whether you're expanding an investment portfolio or planning for future homeownership, 231 Kendrew Drive offers an appealing combination of affordability, functionality and long-term potential. The adjoining property at 233 Kendrew Drive may also be available, providing an opportunity to acquire both sides of the duplex.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
about $3,143 a year
The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).
The listing shows $2,547 a year in property tax.
Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.
Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.
Walkability 28/100 · Mostly by car
Within a 10 minute walk: 7 parks and playgrounds, 1 school, 9 transit stops.
mihom score from OpenStreetMap places, by straight line distance.