Downtown Red Deer
LIST PRICE
$3,500,000
4746 55 Street , Red Deer · T4N 2J1
BUILT 1975
MLS A2312434 · 51 DAYS ON MARKET
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JN Real Estate Group can arrange a private viewing and answer anything the listing doesn’t. A real person who knows the area — no pressure.
RE/MAX Complete Realty · Calgary
What this home — and yours — is really worth right now.
ABOUT THIS HOME
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.
DETAILS
BUILDING
- TYPE
- Multi Family
- YEAR BUILT
- 1975
LOT & EXTERIOR
- LOT SIZE (SQFT)
- 20,000
- LOT SIZE (ACRES)
- 0.46
COMMUNITY
- COMMUNITY
- Downtown Red Deer
- ZONING
- R-H
- POSTAL CODE
- T4N 2J1
UTILITIES & COSTS
- ANNUAL TAXES
- $27,860