Rare Legal two-residence property in Timberlands ~ Situated on one freehold title, the property includes a beautifully finished two-story main home and a separate legal residence containing a double detached garage with a Legal Suite above it. Both tenant occupied under fixed-term lease arrangements. The main home offers three upstairs bedrooms, 2½ bathrooms, upper laundry and a dramatic open-to-below living room. Granite counters, stainless appliances, a gas range with commercial-style hood, hardwood flooring, central air and a pocket office complement the main level. The fully finished lower level adds a fourth main-home bedroom, full bathroom and expansive family room.
The independent carriage residence offers one bedroom, one full bathroom, a complete kitchen, six appliances, in-suite laundry, LVP flooring and in-floor heating above an in-floor-heated double detached garage. The main residence also provides a double attached garage, two-vehicle driveway and separate gravel parking pad.
Outdoor features include rear deck and patio areas, a private primary-bedroom balcony, gas BBQ connection and a fully fenced yard with new custom fencing completed July 2026. A new 50-gallon hot-water tank was installed in October 2025.
A distinctive investment opportunity with two self-contained legal residences on one title.
Essential information
MLS® number
A2343043
Status
Active
Price
$975,000
Property type
Residential
Type
Detached
Transaction
For Sale
Restrictions
None Known
Bedrooms
5
Bathrooms
4 full, 1 half
Living area
1,875 sq ft
Lot size
5,086 sq ft
Year built
2017
Structure
House
Style
2 Storey
Levels
Two
Listing brokerage
Realty Executives Alberta Elite
Source
Pillar 9™ MLS® System
Interior
Heating
High Efficiency, In Floor Roughed-In, Forced Air, Natural Gas
Cooling
Central Air
Flooring
Carpet, Hardwood, Tile
Appliances
Central Air Conditioner, Dishwasher, Gas Stove, Microwave Hood Fan, Refrigerator, Stove(s), Washer/Dryer Stacked
Canadian semi-annual compounding, and the CMHC premium included where it applies — both of which most calculators get wrong.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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48 photos$790,00020 Toye Street, Red Deer
