$3,500,000.00 14,696 Sq.ft

4746 55 Street , Red Deer. T4N 2J1

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.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2268015
City:Red Deer
Neighbourhood:Downtown Red Deer
Province:Alberta
Building/Unit Size: 14,696 sq.ft
Land Size:0.46 Acre
Listing Price:$3,500,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Multi Family
Transaction Type:For Sale
Land Use Code:R-H
Listing Contract Date:2025-10-31

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

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