Listing Courtesy of: PILLAR 9 - IDX / Initia Real Estate / CENTURY 21 Advantage / Patrick Galesloot
5929 West Park Crescent Red Deer, AB T4N 1E9
Active
$284,330 (USD)
Description
MLS®:
A2295991
A2295991
Lot Size
6,625 SQFT
6,625 SQFT
Type
Single-Family Home
Single-Family Home
Year Built
1961
1961
Style
Bungalow
Bungalow
County
Red Deer County
Red Deer County
Listed By
Sanjivkumar Shukla, Initia Real Estate
Patrick Galesloot, CENTURY 21 Advantage
Patrick Galesloot, CENTURY 21 Advantage
Source
PILLAR 9 - IDX
Last checked Mar 25 2026 at 5:01 AM EDT
PILLAR 9 - IDX
Last checked Mar 25 2026 at 5:01 AM EDT
Bathroom Details
- Full Bathrooms: 2
Interior Features
- Appliances : Refrigerator
- Appliances : Stove(s)
- Appliances : Washer/Dryer
- Laundry/Utility Room : Multiple Locations
- See Remarks
Subdivision
- West Park
Lot Information
- Back Lane
- Back Yard
Property Features
- Fireplace: Total Fireplace(s) : 0
- Foundation: Poured Concrete
Heating and Cooling
- Forced Air
- None
Basement Information
- Full
Flooring
- Linoleum
- Laminate
Exterior Features
- Roof: Asphalt Shingle
Garage
- Double Garage Detached
Parking
- Parking Space(s) : 4carport Space(s) : 1carport
Stories
- 1
Living Area
- 1,029 sqft
Disclaimer: 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.
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.
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.
Turnkey income property in West Park, Red Deer offering strong rental demand, multiple revenue streams, and immediate cash flow potential. This fully rented home features a legal basement suite and a detached garage with its own tenant, making it an ideal opportunity for investors looking to expand their portfolio or secure a stable, income-producing asset.
💰 Investment Highlights
* Total Gross Monthly Income:$3,375
* Main Floor: $1,625/month + 60% utilities (month-to-month)
* Basement Suite: $1,450/month (utilities included, month-to-month)
* Detached Garage: $300/month (separately rented)
* Annual Gross Income:** ~$40,500
This property offers diversified income with three separate revenue sources—an increasingly sought-after feature in today’s rental market.
🏡 Property Overview
The main floor offers approximately 1,029 sq ft above grade with a practical layout that appeals to long-term tenants. Features include:
* Spacious living room with excellent natural light
* Functional kitchen with ample cabinetry and workspace
* Two well-sized bedrooms
* Full 4-piece bathroom
* Dedicated in-suite laundry
The legal basement suite is fully self-contained and designed for tenant independence:
* Two bedrooms
* Full kitchen and living area
* 3-piece bathroom
* Separate laundry
This configuration supports consistent occupancy and strong rental retention, reducing turnover risk.
🚗 Bonus Income: Detached Garage Rental
A key differentiator is the **detached garage rented separately for $300/month**—a rare additional income stream that enhances overall return and provides flexibility for future use or rent increases.
📍 Location Advantage: West Park, Red Deer
Located in the established community of West Park, this property benefits from:
* Close proximity to Red Deer Polytechnic (strong student & rental demand)
* Easy access to transit routes and major roadways
* Nearby parks, schools, and everyday amenities
* Proven long-term rental stability
West Park continues to be a high-demand rental neighbourhood, making it a reliable choice for both new and experienced investors.
📈 Investor Potential & Upside
With all tenancies currently month-to-month, this property offers:
* Flexibility to adjust rents to market rates
* Opportunity for value-add improvements over time
* Potential for owner-occupancy while maintaining income
* Strong appeal for house-hacking strategies
Whether you’re looking for cash flow today or long-term appreciation with upside, this property checks all the boxes.
🛠️ Additional Notes
Some photos have been virtually staged