19 Stephenson Crescent, Red Deer, AB

Bi-level with Legal Secondary Suite

4 Bed, 3 Bath, 1206 sq ft

This spectacular home features two - 2 bedroom legal suites. Located in one of the most sought-after, safe and quiet neighbourhoods of Red Deer. Welcome to Southbrook! This home is the complete package. Built in 2011 by one of the most reputable builders in Red Deer. The lower level unit has eight foot ceilings and large windows which makes this a true up and down duplex. There is a large fenced in yard, a storage shed and a four car parking pad located off the lane at the back of the house. There is also future potential to build a garage and increase the property value significantly.

The main floor suite features two spacious bedrooms, an ensuite four-piece bathroom, a second four-piece bathroom, walk-in closet, laundry, solid-surface floors, an open concept living space highlighted by a gas fireplace and a walk-out deck off the back. 

The lower level suite features two large, bright bedrooms, a spacious custom bathroom, an immaculate kitchen, lots of storage space, solid-surface floors, laundry, and underfloor heating throughout.

This house has been built with the highest quality standards in mind. The home also features:

  • 1206 square feet on the upper floor and 984 square feet on the lower level
  • Mainline sewer back-flow preventer and individual back-flow prevention on all basement fixtures
  • Separate heating systems. Main floor furnace and underfloor heating/HRV in lower level unit
  • Separate electrical panels and meters for each suite. 
  • Fire and sound insulation along with sound bar channel in the basement ceiling
  • Gas fireplace on the main floor
  • Fire separations and interconnected smoke/co detectors throughout the house
  • Indvidual laundry in each unit
  • Custom window coverings
  • Stainless steel appliances throughout

This house is already fully tenanted with leases in place on both suites. Please see the breakdown attached for the monthly cashflow.

I am looking for a Joint Venture partner to hold the mortgage and provide the downpayment. This would be a 50/50 split on ownership. I will manage all aspects of the property including maintenance, tenants and repairs. My property manager on this property is fantastic. She's been with me for e years and she works exclusively for me.

If you have any further questions or are interested in investing in this property or any other future properties, feel free to give me a call or send me an email at:

(416) 540-6645 or info@suitelifeproperties.ca

Thank you.

Darren

 

Darren Voros

Darren's love for real estate prompted him to buy his first house in Red Deer, Alberta in 2002. Since that time, Darren has been actively involved in growing his real estate portfolio and expanding his knowledge as a real estate investor. Darren is a real estate speaker and trainer with Keyspire and is also a general contractor, a certified home inspector and an EcoEnergy Advisor.

You may recognize Darren from some of his recent television appearances. Darren is a regular contributor as the in-house “renovation expert” on CBC’s daytime television series “The Goods”. You may have also seen him on the W Network series “Game of Homes. Most recently Darren was a contractor on HGTV’s “Save My Reno”.

Darren now combines his two passions, being an active real estate investor and being on stage and speaking about real estate as he travels across the country inspiring and educating investors.