$749,990
3518 48 Avenue
Red Deer, AB, T4N 3S3
***CASH COW – 6.32% CAP RATE*** INCREDIBLE INVESTMENT OPPORTUNITY! This 3 PLEX sits on a corner lot, in a quiet area, right by the park and across from a treed reserve! Each unit has 3 bedrooms, 1.5 bathrooms, vaulted ceilings and new stainless steel appliances! Yearly rent is $65,400! Tenants pay utilities. South backyard, 6 paved parking stalls and 3 storage sheds. Tenants to be assumed.
Property Details
Price:
$749,990
MLS #:
A2197103
Status:
Active
Beds:
9
Baths:
6
Type:
Single Family
Subtype:
Row/Townhouse
Subdivision:
South Hill
Listed Date:
Dec 16, 2025
Finished Sq Ft:
1,800
Lot Size:
5,848 sqft / 0.13 acres (approx)
Year Built:
2001
Schools
Interior
Appliances
Other
Basement
Finished, Full
Bathrooms Full
3
Bathrooms Half
3
Laundry Features
In Unit
Exterior
Exterior Features
Private Entrance, Storage
Lot Features
Back Lane, Corner Lot, Cul- De- Sac, Few Trees, Rectangular Lot, See Remarks, Street Lighting
Parking Features
Off Street, Parking Pad, Stall
Parking Total
6
Patio And Porch Features
Deck
Roof
Asphalt Shingle
Financial
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Current real estate data for Single Family in Red Deer as of Dec 18, 2025
6,239
Single Family Listed
3
Avg DOM
320
Avg $ / SqFt
$437,762
Avg List Price
Community
- Address3518 48 Avenue Red Deer AB
- SubdivisionSouth Hill
- CityRed Deer
- CountyRed Deer
- Zip CodeT4N 3S3
Subdivisions in Red Deer
- Anders Park
- Anders Park East
- Anders South
- Aspen Ridge
- Bower
- Capstone
- Chiles Industrial Park
- Clearview Meadows
- Clearview Ridge
- College Park
- Davenport
- Deer Park Estates
- Deer Park Village
- Devonshire
- Downtown Red Deer
- East Burnt Lake
- Eastview
- Eastview Estates
- Edgar Industrial Park
- Evergreen
- Fairview
- Garden Heights
- Glendale
- Glendale Park Estates
- Golden West
- Grandview
- Hazlett Lake
- Highland Green
- Highland Green Estates
- Inglewood West
- Ironstone
- Johnstone Crossing
- Johnstone Park
- Kentwood East
- Kentwood West
- Kingsgate
- Lancaster Green
- Lancaster Meadows
- Laredo
- Lonsdale
- Michener Hill
- Morrisroe
- Morrisroe Extension
- Mountview
- Mustang Acres
- Normandeau
- Northlands Industrial Park
- Northwood Estates
- Oriole Park
- Oriole Park West
- Parkvale
- Pines
- Queens Business Park
- Riverside Heavy Industrial Park
- Riverside Light Industrial Park
- Riverside Meadows
- Rosedale Estates
- South Hill
- Sunnybrook
- Sunnybrook South
- Timber Ridge
- Timberlands
- Timberlands North
- Timberstone
- Vanier East
- Vanier Woods
- Waskasoo
- West Lloydminster City
- West Park
- Westlake
- Woodlea
Similar Listings Nearby
Property Summary
- Located in the South Hill subdivision, 3518 48 Avenue Red Deer AB is a Single Family for sale in Red Deer, AB, T4N 3S3. It is listed for $749,990 and features 9 beds, 6 baths, and has approximately 1,800 square feet of living space, and was originally constructed in 2001. The current price per square foot is $417. The average price per square foot for Single Family listings in Red Deer is $320. The average listing price for Single Family in Red Deer is $437,762. To schedule a showing of MLS#a2197103 at 3518 48 Avenue in Red Deer, AB, contact your Real Broker agent at 403-903-5395.
3518 48 Avenue
Red Deer, AB