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1318 Lucina Street - FULLY RENTED! Investors Take Note of this Turn Key Investment Opportunity! This charming property offers 3 separate units, each with its own entrance, laundry and yard area. Upstairs features 3 beds and 1 bath, and downstairs offers two, 1 bed 1 bath units. The downstairs units have recently had new flooring and paint and kitchens have been updated not long ago. New Boiler System installed in 2017. Large 24' x 26', 2 car garage out back with remote door / workshop can be heated by underfloor system. Landlord pays gas ($1700/year), sewer, water, garbage ($2340/year). Additional upgrades in suites include mirrored closet doors suite 3, reglazed bathtub in suite 2, shower, some plumbing). Building is located in main Penhold, and is only 7 minutes to Red Deer.

Property Details

  • ID: CA0138197
  • Beds: 5
  • Storeys: 0
  • Estimated Annual Taxes: $3,000
  • Style: Bi-Level
  • Baths: 3 (Full: 3 3/4: 0 1/2: 0 Other: 0)
  • New Construction: No
  • County: Red Deer County
  • Year Built: 1975
  • Status: Active
  • Above Ground Sq. Feet: 1,199


Exterior Features Deck
Fuel Type Natural Gas
Heat Type Boiler, Hot Water, Natural Gas
Other Flooring - Carpet,Laminate,Linoleum, Roof - Other, Sewer Type - Municipal, Tax Year - 2017, Water Source - Municipal
Zoning R2
Listed By Kelly Jones of Coldwell Banker Ontrack Realty
Data Provided By Central Alberta REALTORS® Association