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$1,399,000
Alberta,Red Deer
For Sale Active
4611 50 Street, Red Deer, Alberta T4N2C2
  • 8,488 Sqft
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Basic Details
Description

An exceptional investment opportunity with these EIGHT units, fully rented Condo Townhouse, located in a prime location, just steps away from the park, walking trail, shopping center, and all essential amenities. With ample stall parking on site, this building is perfectly positioned for renters. All eight units are two bed/1.5 bath units, with the potential of adding one extra in

the main level. one of the units have been completely renovated. New roofing replaced in 2013. Property has 24-hour video surveillance system. The building has been condominiumized with all 8 individually titled allowing the investor to hold as a long-term investment or can sell individually in future. $250/unit/month condo fee currently. $9000/month is the rent income. We have tenants who stayed in the unit for more than 10 years and we haven’t increased their rent yet. Tenants pay their own utilities. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: A2295424
  • Price: $1,399,000
  • Square Footage: 8,488 Sqft
  • Year Built: 1978
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 271404
Address Map
  • Location: CA, Alberta, Red Deer, Parkvale, T4N2C2
  • Street: 50
  • Street Number: 4611
  • Street Suffix: Street
  • Longitude: W114° 11' 49.8''
  • Latitude: N52° 16' 7.3''
Additional Information
  • Lot Size Dimensions: 12450.00
  • Stories: 2.0
Financial
  • Tax Annual Amount: 7763.29
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Listing updated: 2026-07-01 06:47:39
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Listing Information
  • List Agent Key: 2244350
  • List Office Key: 271404
  • Modification Timestamp: 2026-05-29T19:30:39Z
  • Originating System Name: Calgary Real Estate Board
  • Status Change Timestamp: 2026-05-29T19:22:23Z
Powered by REALTOR.ca
Listing updated: 2026-07-01 06:47:39
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