The Opportunity

Overview

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:61970)

Investment highlights

01Multi-family

Property details

Property type: Multi-family
Transaction: For sale
Site area: 3,197 square feet
Listing brokerage: Century 21 Advantage
Listing representative: Patrick Galesloot
Board / association: Red Deer (Central Alberta)

Before you shortlist

Confirm the fit.

Questions to take into your review of this opportunity. Structured fields do not replace the full listing package or independent verification.

Ask about these details

Financial information

Asking price$639,800

Request the complete source listing package and independently verify all financial information before relying on it.

Location intelligence

231 & 233 Kendrew Drive
Red Deer, Alberta T4P3Z1

Open supplied address in mapsThe map search uses the supplied address. Confirm the exact parcel, entrance, access rights and permitted use independently.Explore the Red Deer market

Documents

ASKAsk about the property packageConfirm available documents

From interest to a decision

Start with the right questions.

Listing facts begin the conversation. These Alberta resources help you prepare—not certify this property or replace professional advice. Preparation links open in a new tab, keeping this property and your inquiry open.

01Prepare for the property tour

Set your essential criteria and compare this property with the same evidence checklist.

Open resource 02Organize the document request

Identify the records to ask for. Availability and access must be confirmed for this offering.

Open resource 03Plan property due diligence

Coordinate title, condition, approvals and professional review for any real estate being acquired.

Open resource

Property diligence resources

Listing content supports property discovery and should be independently reconciled to current legal and professional records before a transaction decision.

Explore the complete property resource library

Acquisition criteria workpaperDefine required, preferred and flexible mandate criteria →Property tour and comparison scorecardCompare this opportunity against the real requirement →Phase I environmental site assessmentHistory, records, observations and professional findings →Environmental records and contaminated sitesERV, AER records, certificates and search limitations →Commercial property due diligenceCoordinate every acquisition workstream →Commercial buyer representationAcquisition scope, agency, conflicts, information, compensation and exit →Commercial real estate appraisalPurpose, scope, evidence, reliance and report review →Assessment and property taxesAssessment dates, methods, tax allocation and review →Due diligence document requestTitle, permits, environment, leases and operations →Permit and occupancy recordsApplications, inspections, completion and use →Selling commercial propertyOwner objectives, evidence, marketing, offers and closing →Commercial pricing and positioningProperty interest, buyer audience, evidence and launch strategy →Commercial offering memorandumSource control, analysis, privacy, attribution and corrections →Public vs. confidential marketingReach, disclosure, qualification and reporting controls →Buying tenant-occupied commercial propertyLease, rent roll, tenant evidence and closing continuity →Triple net lease investmentsExpense allocation, tenant covenant, remaining term and owner exposure →Commercial lease rollover riskExpiries, renewal uncertainty, downtime and leasing capital →Commercial tenant covenant reviewLegal obligors, payment evidence, financial capacity and privacy →Lease security and letters of creditAmount, custody, expiry, draw and closing transfer →Insurance due diligenceProperty facts, loss history, limits and closing →Replacement cost and loss historyReconstruction assumptions, claims and repairs →Building condition assessmentSystems, records and physical findings →Capital expenditure planTiming, cost basis and scenarios →Inspection accessAuthority, testing and deadlines →Alberta title searchParcels, ownership and registrations →Registered interestsCaveats, easements and rights →Survey plans and boundariesPlans, access and occupation →

Source Record

Current listing facts, with attribution intact.

Source: REALTOR.ca DDF®
Listing status: active
Source ID: 30415661
Last supplied (UTC): October 20, 2026
Listing brokerage: Century 21 Advantage
Listing representative: Patrick Galesloot
Board / association: Red Deer (Central Alberta)

Commercially preserves the source listing’s brokerage attribution and links back to its REALTOR.ca record. Request information to confirm availability, documents, showing protocol and any facts not present in the supplied record.

Listing brokerage: Century 21 Advantage · Listing representative: Patrick Galesloot · Board/association: Red Deer (Central Alberta) · Updated (UTC): Oct 20, 2026

Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.