Diamond Manor Apartment

address icon 7 Nyberg Avenue Red Deer Alberta

FEATURED For Sale Date icon Mar 12, 2026

Description

Excellent investment opportunity! This well-maintained 4-plex offers steady rental income and long-term potential for real estate investors. Each self-contained suite features 2 bedrooms, 1 full bathroom, and in-suite laundry for tenant convenience. The property is ideally located close to schools, parks, and within walking distance to Parkland Mall, ensuring strong tenant appeal. Recent building upgrades include new siding, fascia, and downspouts (2025), as well as re-surfaced decks with metal railings and a chain-link fence surrounding the property for added safety and security. Paving blocks were replaced in 2024. Inside, the units were updated approximately 20 years ago with modernized cabinetry, vinyl plank flooring in the basement suites, and carpeted upper units. The lower units feature two separate entrances and a dug-out patio area perfect for BBQs and outdoor seating. A solid, income-producing property with valuable recent improvements and a convenient location—ready to add to your portfolio!

General info

  • MLS Listing ID A2281785

  • Bedrooms 0

  • Bathrooms 0

  • Year built 1978

  • Floor Finish Carpeted, Linoleum, Vinyl

Listed BY: Nolin Maurier, Realty Experts Group Ltd

Amenities

  • Back lane
  • Back lane

Location

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