$5,500,000.00 9,505 Sq.ft

3430 49 Avenue , Red Deer. T4N 3W2

Description

Walker House is a well-maintained 24-unit multifamily property located at 3430 49 Avenue in Red Deer, within walking distance of shopping, restaurants, transit, parks and trails. Built in 2016, the property consists of 18 two-bedroom units, 3 two-bedroom + den units and 3 one-bedroom units, with no suites located at or below ground level. Each suite features its own furnace, hot water tank, A/C, in-suite laundry, dishwasher, private balcony and separately metered gas and electricity paid by the tenant. The building is serviced by an elevator and sprinkler system and includes 25 heated underground parking stalls plus 15 powered surface stalls. The property has been exceptionally well maintained with no significant outstanding capital improvements required and benefits from a stable, long-term tenant base. Current rents are below market, providing a purchaser with a strong opportunity to increase revenue and NOI within a newer, low-maintenance asset.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2336874
City:Red Deer
Neighbourhood:South Hill
Province:Alberta
Building/Unit Size: 9,505 sq.ft
Land Size:0.42 Acre
Listing Price:$5,500,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Multi Family
Transaction Type:For Sale
Land Use Code:R-M
Listing Contract Date:2026-08-12

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "Real Broker" listing brokerage.

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