INVESTOR ALERT! Welcome to this well-maintained corner-unit home in Riverside Meadows, offering an excellent opportunity for investors seeking a property with flexible living arrangements, a legal basement suite, and strong rental potential.
The bright main level features a large east-facing window, bringing in plenty of natural light, along with new hardwood flooring throughout the main living spaces. The main floor offers three bedrooms, while the fully developed legal basement suite provides an additional two bedrooms, giving the property a total of five bedrooms.
The legal basement suite adds significant value and flexibility, featuring a large family room, separate laundry, and a separate entrance. The suite is currently occupied by long-term tenants who are willing to stay, providing a potential opportunity for a new owner to maintain the existing tenancy and rental income, subject to the applicable tenancy terms.
Outside, you'll find a large deck, perfect for entertaining or relaxing, along with newer fencing for added privacy. Parking is another major advantage, with six parking spaces in total, including two spaces at the rear of the property and three additional spaces within the gated RV parking area.
The home also features a high-efficiency heating system, adding to its overall appeal for both homeowners and investors.
Located in Riverside Meadows, this property offers convenient access to local amenities, services, and transportation routes. Whether you're looking to expand your rental portfolio, house-hack, or purchase a property with multiple income-producing options, this is an opportunity worth taking a closer look at.
Key Investor Features:
Legal 2-bedroom basement suite
Long-term basement-suite tenants willing to stay
5 bedrooms total
3 bedrooms on the main level
Separate suite entrance
Separate laundry
Large basement family room
New hardwood flooring
Large east-facing window
High-efficiency heating system
6 parking spaces / gated RV parking spaces
2 additional rear parking spaces
Large deck
Newer fencing
Corner-unit location
Riverside Meadows
Excellent rental and house-hacking potential
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
30 Days / Neg, 45 days / Neg, Negotiable
Suite:
No
Num Legal Suites:
0
Num Illegal Suites:
0
Home Style:
Bungalow
Total Living Area:
1,286.52 sq. ft.120 m2
Taxes:
$4,567 /
2026
Acreage:
No
Lot Area:
6,695 sq. ft.622 m2
Lot Frontage:
55'5"16.9 m
Front Exposure:
East
Levels:
Bi-Level
Total Rooms Above Grade:
5
Year built:
2015
(Age: 11)
Bedrooms:
5
(Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms On Main:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0
(Full:3, Half:0)
Num Ensuite Baths:
0
Plan:
6283KS
Heating:
Central
Basement:
Full, Finished, Separate/Exterior Entry
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Mixed, Stucco, Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Off Street, RV Access/Parking
Parking Places:
2
Parking Total/Covered:
2 /
-
Laundry Features:
Multiple Locations
Riverside Meadows (Red Deer)
Dishwasher, Dryer, Electric Stove
n/a
None Known
Floor
Type
Size
Other
Main Floor
Entrance
7'3"2.21 m × 4'6"1.37 m
Main Floor
Bedroom
9'11"3.02 m × 9'8"2.95 m
Main Floor
Bedroom - Primary
14'1"4.29 m × 11'11"3.63 m
Main Floor
Living Room
15'3"4.65 m × 12'11"3.94 m
Main Floor
Kitchen
13'3.96 m × 10'7"3.23 m
Main Floor
Bedroom
10'5"3.18 m × 9'5"2.87 m
Suite
Bedroom
12'4"3.76 m × 9'2.74 m
Suite
Bedroom
12'7"3.84 m × 10'11"3.33 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 8'11"
Main Floor
No
4
4'11" x 9'
Basement
No
4
4'11" x 9'
Title to Land:
Fee Simple
Community Features:
Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Closet Organizers, Laminate Counters, No Animal Home
Data was last updated October 3, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
381
Avg list price:
$424,900
Min list price:
$39,900
Max list price:
$4,200,000
Avg days on market:
34
Min days on market:
1
Max days on market:
263
Avg price per sq.ft.:
$337.19
These statistics are generated based on the current listing's property type
and located in
Red Deer. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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.