Real estate on your terms®
$3,500,000
active
4746 55 Street
Red Deer
,
AB
T4N2J1
Key Details
- MLS® Number:
- A2312434
- Community:
- Downtown Red Deer
- Building Type:
- Multi-Family
- Interior Size:
- 14696 square feet
- Lot Size:
- 20000.0 square feet
- Attached:
- Yes
Property Description
Excellent opportunity to acquire a well-maintained 24-unit apartment complex offering strong in-place income with upside potential. The property consists of 6 two-bedroom units, 14 one-bedroom units, and 4 bachelor suites — each individually metered for electricity. Capital improvements include a new roof (2018) and a new boiler heating system (2025). Many suites have updated flooring and appliances, and the property has been diligently cared for with consistent maintenance, paint and cleaning. The building features 24 surface parking stalls, each with electrical outlets. Conveniently located near the river, public transit, schools, and shopping, this property appeals to a broad tenant base. With solid current cash flow and market rent growth potential, this is a turnkey investment with additional opportunity for value-add repositioning. (id:53430)
Building
- Property Type:
- Multi-Family
- Building Type:
- Multi-Family
- Year Built:
- 1975
Finished Areas
- Interior Size (Total):
- 14696 square feet
- Above Grade:
- 14696 square feet
Lot / Land
- Lot Size:
- 20000.0 square feet
Fees & Dates
- Property Taxes:
- $27,860
- Tax Year:
- 2025
- Last Modified:
- 06/30/2026 07:10:01 PM
- Status Change:
- 06/30/2026 07:02:41 PM
Location
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