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Reduced $5,000 (2%) from $324,777
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3901 50 Street
Beds
3
Baths
2
Sqft
912
Year
1956
Type
Single Family
On market
22d
Renovated and Refreshed! A great property in a well-established community. Welcome home to this captivating space, perfectly located and redesigned for modern, fresh living.The main level boasts extensive updates throughout, starting with incredible new flooring—durable laminate flooring flows through the living areas and kitchen, paired with cozy new carpet in the bright bedrooms. The main bathroom has been completely transformed. The exterior has new HardieBoard siding and newly painted stucco. The updated kitchen shines with some new cabinetry, sleek countertops, a fresh sink and fixtures, and stainless steel appliances. New designer lighting illuminates the entire fresh, bright, and inviting space.The bright lower level delivers an exceptional bonus: a second full kitchen and eating area, a large family room, and a huge third bedroom. An incredibly unique and versatile feature of this home is the separate, dedicated access: there are two private entrances to the basement level, one at the front and one at the back. There is ample parking in the back, a deck for morning coffee, plus a spacious back yard with room for play or landscape to suit your tastes.Zoned RD (Residential Duplex, previously R1A) This zoning is able to accommodate a potential garden or backyard shed, with city approval. It is a complete, dynamic package. Perfectly located close to the Michener Rec Centre, schools, and parks. Do not miss this rare opportunity. Its a great home isn't it! Shouldn't It Be Yours? (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Eat in kitchen | 11.08 Ft x 10.75 Ft | |
| Living room | 10.92 Ft x 15.17 Ft | |
| Bedroom | 10.83 Ft x 10.83 Ft | |
| 4pc Bathroom | — | |
| Laundry room | 12.00 Ft x 11.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11.33 Ft x 9.42 Ft | |
| Living room | 13.42 Ft x 13.42 Ft | |
| Primary Bedroom | 11.42 Ft x 11.50 Ft | |
| Bedroom | 9.42 Ft x 11.42 Ft | |
| 4pc Bathroom | — | |
| Other | 9.75 Ft x 4.58 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
6.71%
Cap rate
6.21%
GRM
11.1
Break-even rent
$2,024
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 9, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Red Deer. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.