Situated just steps from the Red Deer Hospital and close to shopping, restaurants, and groceries, this large 47' x 120' lot is zoned R-M, which permits multi-family development. The existing home is currently rented for $1,500/mo with the tenants paying all utilities. This older but well-maintained home has seen minor renovations including an updated kitchen and a newer high-efficiency furnace. It offers 2 bedrooms on the main floor and a 3rd bedroom in the basement with its own 2-piece bathroom, plus a large rec room. There is a single detached garage at the back, and the lot is fully fenced with a large yard.
Listed by Andrew Russell of RE/MAX real estate central alberta

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 Based on information submitted to Pillar 9 as of July 11, 2026 2:14 PM UTC. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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