One of the most popular alternatives to buying an income property is buying a house with many units, such as a multiplex or a house with a separate suite. These choices enable you to generate rental revenue from the entire building or live in the home while renting out other apartments.
Suppose you’re ready to diversify your portfolio or just want to browse listings, you can quickly look for homes with a basement unit or a duplex, triplex, or fourplex, thanks to the filtering and segmentation features included in Zoocasa’s search system. Using these filters, you’ll find income properties available now in your area.
With prices ranging from just under $500,000 to some that are just over $1.1M, here are 10 income properties in Alberta that should be on your radar:
Income Properties under $500,000
5510 48 St, Vegreville – $284,900
Property details:
- 6 beds, 2 baths, 0 parking
- Detached
- Walking score 48/Transit score N/A
This 1304 sq ft bungalow on an extra-large lot boasts 6 bedrooms and 4 bathrooms, with upgrades including vinyl windows, furnace, HWT, and electrical enhancements. The main floor features 4 bedrooms, a renovated 4-piece bathroom, a spacious living room, and a newly renovated kitchen, while the fully finished lower level offers 2 additional bedrooms, a renovated 3-piece bathroom, a large recreation room with a bar, and other amenities.
View the listing here.
14743 141 St Nw, Edmonton – $399,900
Property details:
- 4 beds, 2 baths, 4 parking
- Detached
- Walking score 29/Transit score 34
This upgraded two-story home in Cumberland boasts a spacious design, a fully finished basement, and an ensuite. With a modern kitchen, hardwood flooring, and energy-efficient features, it offers comfortable living with quick access to amenities and transportation.
View the listing here.
Properties Under $800,000
24 Beaverbrook Cr, St. Albert – $589,900
Property details:
- 4 beds, 3 baths, 4 parking
- Detached
- Walking score 52/Transit score 50
This home, featuring 3+1 bedrooms and 3.5 baths, highlights a new roof and hot water tank. With hardwood floors, granite counters in the kitchen, and a gas fireplace in the family room, it offers a cozy and stylish living space. The finished basement includes a fourth bedroom, full bath, and a spacious rec room, while the private backyard oasis with a 2-tier deck overlooks the tranquil Braeside Ravine with direct trail access to the river valley.
View the listing here.
1 Grande Point Estates, Strathmore – $774,900
Property details:
- 3 beds, 2 baths, 6 parking
- Detached
- Walking score 23/Transit score N/A
Experience luxury living in Grande Point Estates with this executive bungalow featuring a fully developed walkout basement and triple attached garage. With in-floor heating, central AC, and a spacious layout including a main floor office, open living spaces, and a well-appointed kitchen, this 3-bedroom, 2.5-bathroom home offers comfort and elegance throughout.
View the listing here.
3 Heritage Circle, Cochrane – $799,999
Property details:
- 4 beds, 2 baths, 2 parking
- Detached
- Walking score 19/Transit score N/A
Featuring an open concept main floor with 9ft ceilings, a den, vinyl plank flooring, and a spacious kitchen with quartz countertops and a Samsung appliance package, this home is modern and stylish. The home also features a large primary bedroom with tray ceilings, an en-suite, and a walk-in closet, alongside three additional bedrooms and a 4-piece bathroom on the upper floor.
View the listing here.
Properties Under $1,000,000
17540 109 St Nw, Edmonton – $919,000
Property details:
- 5 beds, 3 baths, 0 parking
- Detached
- Walking score 21/Transit score 34
This custom-built 2-storey home in a cul-de-sac offers over 3980 sq ft of living space on a spacious pie-shaped lot. With sundrenched rooms, custom built-ins, and high-end vinyl plank flooring, the residence features a chef’s kitchen, an open living room, and a dream primary suite with a 2-sided fireplace.
View the listing here.
1507 Westridge Road, Strathmore – $949,900
Property details:
- 5 beds, 3 baths, 10 parking
- Detached
- Walking score 3/Transit score N/A
This spacious bungalow on .82 acres boasts over 4300 sq ft of luxury living and features an oversized triple car garage with in-floor heat. With high-end finishes, an open-concept design, and outdoor amenities including a composite deck and hot tub, this family home offers the epitome of luxury living on the outskirts of Strathmore with easy access to Calgary.
View the listing here.
801 – 14105 West Block Dr Nw, Edmonton – $999,900
Property details:
- 2 beds, 2 baths, 0 parking
- Condo
- Walking score 73/Transit score 53
This 1550 sqft corner unit in Edmonton offers a premium design with a master suite featuring a soaker tub, dual vanities, and a marble-tiled shower. Luxurious finishings, including Carrera marble and hardwood floors, along with access to top-notch amenities like a fenced dog run and concierge service, make this property a standout in the heart of the city.
View the listing here.
Properties under $1,200,000
10416 Glenora Cr Nw, Edmonton – $1,150,000
Property details:
- 5 beds, 2 baths, 6 parking
- Detached
- Walking score 69/Transit score 57
This 2.5-story Georgian Revival home in Old Glenora, a historic Edmonton neighborhood, features 5 bedrooms, 2.5 baths, and a fully finished basement. With original hardwood flooring, a gas fireplace, and unique double-hung windows, the property also includes a spacious backyard with a deck and a 24×26 garage.
View the listing here.
11802 106 Street, Fairview – $1,200,000
Property details:
- 5 beds, 3 baths, 20 parking
- Detached
- Walking score 3/Transit score N/A
This Craftsman-style home offers over 4156 square feet of meticulously designed space on 4.6 acres. Highlights include a luxurious kitchen, a main floor primary bedroom, and a lower level with a games area and theatre room. The property, surrounded by mature trees, features a guest house, making it a truly exceptional residence.
View the listing here.
Looking to seize an income property of your own in Alberta? Give us a call today! The experienced real estate agents at Zoocasa are here to guide you along the exciting home-buying journey!
