231 & 233 Kendrew Drive, Red Deer
DOUBLE THE OPPORTUNITY! Discover the investment potential of this well-maintained, side-by-side bi-level duplex at 231 & 233 Kendrew Drive in Red Deer. Offering two separate residential units, established tenants and a combined rental income of $3,000 per month, this property presents an appealing opportunity for investors looking to add a complete duplex to their portfolio.Each side features a functional bi-level design with comfortable main-floor living spaces and additional lower-level accommodation. The two units offer approximately 1,302 sq. ft. of combined above-grade floor area, plus their respective lower levels. The property has benefited from attentive ownership and ongoing maintenance, including improvements to flooring, countertops and appliances in 233 Kendrew Drive.Both units are currently rented at $1,500 per month, with tenants responsible for utilities. Existing leases extend to July 1, 2027, for 233 Kendrew Drive and September 1, 2027, for 231 Kendrew Drive, providing an established rental arrangement for the incoming owner.Whether you're growing an existing investment portfolio or looking to acquire your first multi-unit property, this duplex offers the advantages of two income-producing residences in one investment. A practical property with established income, maintained interiors and flexibility for future ownership plans! (id:1945)
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Property details for 231 & 233 Kendrew Drive, Red Deer
- Type
- Multi-family
- Style
- Bi-level
- Living Area
- 1,302 square feet
- Lot Size
- 3197.00
- Parking
- Other
- Heating
- Forced air, Natural gas
- Exterior
- Vinyl siding
- Ownership
- Freehold
- Annual Taxes
- $2,547 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 231 & 233 Kendrew Drive
Active Listings
65
Min Price
$54,900
Max Price
$3,800,000
Avg Price
$458,575
Days on Market
101
days
Sold Listings
25
Min Sold Price
$42,000
Max Sold Price
$1,650,000
Avg Sold Price
$393,072
Days until Sold
72
days
Neighbourhood Census Data
Red Deer, Alberta
Population
717
Median Age
36.9
Median Income
$41,387
Dwelling Value
$329,775
Housing Tenure
Owners 86%
Renters 14%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.6
Pop. Density: 2,973.9/km²
Avg Shelter Cost: $1,368/mo
Owners with Mortgage: 64%
Owners Spending 30%+: 10%
Tenants Spending 30%+: 0%
English only: 93.1%
English and French: 6.3%
Neither: 0.7%
Median Household Income: $107,008
Median Employment Income: $41,472
Price History
Listed
October 17, 2026
by Century 21 Advantage
Current Price
$639,800
Type
Multi-family
For Sale
