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$550,000
Alberta,Red Deer
For Sale Active
5 Fir Street, Red Deer, Alberta T4N4Y1
  • 2,403 Sqft
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Basic Details
Description

Urgent sale. Priced to sell at $550,000. Immediate possession available.Well-located commercial property in Red Deer on a high-exposure corner lot, surrounded by established residential communities. Recently renovated with approximately $200,000 invested, offering a clean and functional space with strong upside potential.The main floor can be divided into two separate units (previously configured as such), allowing for dual tenancy and diversified

rental income. The basement provides additional space for storage or supplementary use.Income potential with flexible layout (buyer to verify):• $18 – $22 per sq.ft. (approx. $43,000 – $53,000/year)• Additional income potential from basement use• Potential cap rate in the 7% – 9% rangeThe sale includes real estate and equipment. Inventory is extra. Business is optional.Property assessment value (2025): $522,200. Strong value – priced near assessed value.Zoned C3 – Neighbourhood Convenience Commercial, allowing for a wide range of permitted uses including retail, convenience store, grocery, restaurant, café, personal services, and professional or office uses (subject to municipal approval).Offering excellent potential for future redevelopment, site intensification, or repositioning. Ideal for investors, developers, or owner-users seeking long-term upside.Sold “as-is, where-is.” Firm sale only – no conditions. Price is fixed.Property Details:• Building: 2,400 sqft• Land: 16,553 sq.ft. (0.38 acre)• Zoning: C3 – Neighbourhood Convenience CommercialPlease do not approach staff. All inquiries through listing agent. (id:64429)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: A2302618
  • Price: $550,000
  • Square Footage: 2,403 Sqft
  • Year Built: 1965
  • Status: Active
  • Property Sub Type: Business
  • Office Key: 266514
Address Map
  • Location: CA, Alberta, Red Deer, Fairview, T4N4Y1
  • Street: Fir
  • Street Number: 5
  • Street Suffix: Street
  • Longitude: W114° 10' 9.7''
  • Latitude: N52° 16' 18.2''
Additional Information
  • Lot Size Dimensions: 16553.00
Financial
  • Tax Annual Amount: 11314
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Listing updated: 2026-05-01 21:33:18
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Listing Information
  • List Agent Key: 1675659
  • List Office Key: 266514
  • Modification Timestamp: 2026-04-16T20:30:38Z
  • Originating System Name: Calgary Real Estate Board
  • Status Change Timestamp: 2026-04-16T20:21:42Z
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Listing updated: 2026-05-01 21:33:19
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