JN REAL ESTATE GROUP

Railyards

LIST PRICE

$1,595,000

501, 5002 55th Street , Red Deer · T4N 7A4

3 BEDROOMS · 3 BATHROOMS · 5,209 SQFT · BUILT 2013

MLS A2330717 · 0 DAYS ON MARKET

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RE/MAX Complete Realty · Calgary

What this home — and yours — is really worth right now.

ABOUT THIS HOME

A rare offering of uncompromising luxury, this extraordinary signature penthouse residence at Elements at the River is one of Red Deer’s most prestigious homes. Perfectly positioned along the banks of the Red Deer River, this remarkable residence blends timeless elegance with contemporary sophistication, creating an unparalleled lifestyle reserved for the discerning buyer. Encompassing over 5,300 sq. ft. of impeccably designed living space, the residence is framed by dramatic floor-to-ceiling windows that capture sweeping views of the Red Deer River, panoramic city views, and the surrounding landscape. Every detail has been thoughtfully curated, offering an exceptional balance of luxury, comfort, and architectural beauty. Featuring three spacious bedrooms, three bathrooms, a private office, and four private balconies, this home is truly without comparison in Central Alberta. Designed with entertaining in mind, the spectacular chef’s kitchen is the centrepiece of the home, showcasing custom walnut cabinetry, dual quartz islands for preparation and gathering, premium Wolf appliances, a Sub-Zero refrigerator, and a walk-in pantry. A formal dining room, casual dining area, and an impressive entertaining bar complete with wine refrigerators, dishwasher, cappuccino maker, and a private wine room, creating an unforgettable setting for hosting family and guests. The grand open-concept living room is anchored by a striking floor-to-ceiling fireplace, creating a warm yet sophisticated setting for everyday living and entertaining. Floor-to-ceiling windows frame breathtaking views of the Red Deer River, panoramic city views, and the surrounding landscape, while four private balconies provide exceptional outdoor living spaces to enjoy the ever-changing scenery. The primary suite is a luxurious private retreat, featuring a spacious sitting area, private terrace, double-sided fireplace, and an exquisite spa-inspired ensuite with a freestanding soaker tub, fully tiled walk-in shower, and dual vanities. Designed as a true sanctuary, it offers complete privacy, comfort, and sophistication. Residents enjoy exclusive access to a private fitness centre within this boutique, adult-only building. With only 10 residential suites in the five-storey tower, Elements at the River offers exceptional privacy, security, and prestige. Four heated, secure underground parking stalls and two private storage units complete this exceptional package. More than a residence, this is a legacy property—an exceptional expression of luxury, craftsmanship, and refined living, offering an unparalleled opportunity to own one of Red Deer’s most iconic penthouse homes.

DETAILS

INTERIOR

BEDROOMS
3
FULL BATHS
2
HALF BATHS
1
LIVING AREA (SQFT)
5,209
FEATURES
Built-in Features · Closet Organizers · Double Vanity · Elevator · Granite Counters · High Ceilings · Kitchen Island · No Animal Home · No Smoking Home · Open Floorplan · Pantry · Recreation Facilities · Soaking Tub · Storage · Walk-In Closet(s) · Wet Bar
APPLIANCES
See Remarks
FLOORING
Hardwood · Tile
FIREPLACE
Double Sided · Gas · Living Room · Masonry · Primary Bedroom · See Through

BUILDING

TYPE
Apartment
STYLE
Apartment-Penthouse
YEAR BUILT
2013
NEW CONSTRUCTION
No
CONSTRUCTION
Concrete · Metal Frame · Other · Stone
ROOF
Other
STOREYS
6

PARKING

GARAGE SPACES
4
TOTAL PARKING
4
PARKING
Enclosed · Gated · Heated Garage · Insulated · Off Street · Owned · Parkade · Underground

LOT & EXTERIOR

LOT
Low Maintenance Landscape · Views
EXTERIOR
Balcony · Lighting · Private Entrance
PATIO & PORCH
Balcony(s)

COMMUNITY

COMMUNITY
Railyards
COMMUNITY FEATURES
Park · Schools Nearby · Shopping Nearby · Walking/Bike Paths
ZONING
DC (3)
POSTAL CODE
T4N 7A4

UTILITIES & COSTS

HEATING
In Floor · Natural Gas
COOLING
Central Air
CONDO FEE
$2,205
FEE FREQUENCY
Monthly
FEE INCLUDES
Amenities of HOA/Condo · Common Area Maintenance · Electricity · Gas · Heat · Maintenance Grounds · Parking · Professional Management · Reserve Fund Contributions · Sewer · Snow Removal · Trash · Water
ANNUAL TAXES
$11,143

LISTING COURTESY OF SHELLY JAMES · COLDWELL BANKER ONTRACK REALTY

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.