3927 40a Avenue, Red Deer
Welcome to this lovely, well-maintained bungalow, with a fully LEGAL SUITE. ideally located in the sought-after community of Grandview. The property is conveniently situated near elementary, middle, and high schools, with downtown just minutes away and Red Deer Regional Hospital Centre approximately a five-minute drive away. A nearby shopping plaza, public transit, bike paths, and walking trails add to the everyday convenience of this DESIREABLE location. The MAIN LEVEL offers a bright, functional layout featuring an open kitchen, dining area, and living room, along with two bedrooms and an UPDATED four-piece bathroom. Four new appliances add to the move-in-ready appeal of the home. The LOWER LEVEL includes a shared laundry area, TWO FURNACES (with a regular service maintenance contract in place), and SEPARATE electrical meters for the main floor and legal suite, allowing for individual electrical consumption. The spacious two-bedroom LEGAL SUITE features an inviting living and dining area, a full kitchen with white cabinetry and a stylish subway tile backsplash, and a MODERN four-piece bathroom with a floating vanity. An additional rear entrance provides added privacy and independence for the suite. Outside, the huge backyard is fully fenced and includes a storage shed and a FOUR-CAR gravel parking pad, offering plenty of off-street parking. This TURN-KEY Grandview property presents a fantastic opportunity for investors or homeowners looking to offset their mortgage with rental income while enjoying a well-maintained home in a desirable, established neighbourhood. The Legal Suite offers exceptional value, providing buyers with approved rental-income potential, greater financing flexibility, added peace of mind through proper permitting and inspections, and no need to take on the cost, uncertainty or hassle of legalizing an unapproved suite. Please allow a minimum of 24 hours notice for showings. (id:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 3927 40a Avenue, Red Deer
- Type
- Residential
- Style
- Bungalow
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 960 square feet
- Lot Size
- 6000.00
- Stories
- 1
- Basement
- Finished, Full, Separate entrance, Suite
- Parking
- Other
- Heating
- Forced air, Natural gas
- Cooling
- None
- Exterior
- Stucco, Wood siding
- Ownership
- Freehold
- Annual Taxes
- $3,375 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 3927 40a Avenue
Active Listings
13
Min Price
$319,900
Max Price
$447,500
Avg Price
$382,115
Days on Market
44
days
Sold Listings
6
Min Sold Price
$309,900
Max Sold Price
$424,900
Avg Sold Price
$354,067
Days until Sold
32
days
Neighbourhood Census Data
Red Deer, Alberta
Population
613
Median Age
34.3
Median Income
$38,912
Dwelling Value
$299,274
Housing Tenure
Owners 59%
Renters 41%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.3
Pop. Density: 2,283.1/km²
Avg Shelter Cost: $1,179/mo
Owners with Mortgage: 62.1%
Owners Spending 30%+: 13.8%
Tenants Spending 30%+: 35%
English only: 93.5%
English and French: 4.9%
Neither: 0.8%
Median Household Income: $80,555
Median Employment Income: $40,064
Price History
Listed
August 28, 2026
by TREC The Real Estate Company
Current Price
$399,900
-2.4% from last change
Type
Residential
For Sale
Price Changes
2
| Date | Price | Change |
|---|---|---|
| Current | $399,900 | $10,000 (-2.4%) |
| Oct 14, 2026 | $409,900 | $10,000 (-2.4%) |
| Oct 1, 2026 | $419,900 | Listed |