AB > Red Deer > Downtown Red Deer
Red Deer, AB T4N 2J1,4746 55 ST
Red Deer, AB T4N 2J1,4746 55 ST
Red Deer, AB T4N 2J1,4746 55 ST
Red Deer, AB T4N 2J1,4746 55 ST
Red Deer, AB T4N 2J1,4746 55 ST
Red Deer, AB T4N 2J1,4746 55 ST
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Justin Newman

Justin Newman

Happy House Hunting

+1(403) 668-1272
$ 3,500,000
Est. payment | /mo

14,696 SqFt

Save
$ 3,500,000
Est. payment | /mo
Save

14,696 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,696 sqft

Price per Sqft $238

Subdivision Downtown Red Deer

MLS Listing ID A2268015

Year Built 1975

Lot Size 0.460 Acres

Acres 0.46

Property Sub-Type Multi Family

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. Recent capital improvements include a new roof (2020) 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.

Location

Province AB

Zoning R-H

Interior

Inclusions 24 Stoves, 24 Fridges, 24 Hood Fans, 2 Washers (leased), 2 Dryers (leased), All available keys associated with the building and units.

Fireplace No

Exterior

Garage No

Building

Dwelling Type Low Rise (2-4 stories)

Others

Restrictions None Known

Listed by Real Broker

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4746 55 ST

NEWLY LISTED IN THE CALGARY AREA

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Justin Newman

Justin Newman

License ID: 00540392

+1(403) 668-1272

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REVIEWS

Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.

Gyann Yiu