Downtown Red Deer
FOR SALE
$3,500,000
PURCHASE PRICE
4746 55 Street , Red Deer · T4N 2J1
MULTI FAMILY · BUILT 1975
MLS A2312434 · 112 DAYS ON MARKET
Interested in this commercial property?
JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.
RE/MAX Complete Realty · Calgary
ABOUT THIS PROPERTY
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
TRANSACTION
- TRANSACTION
- For Sale
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