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$3,500,000
Alberta,Red Deer
For Sale Active
4746 55 Street, Red Deer, Alberta T4N2J1
  • 14,696 Sqft
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Basic Details
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. Capital improvements include a new roof (2018) 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. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: A2312434
  • Price: $3,500,000
  • Square Footage: 14,696 Sqft
  • Year Built: 1975
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 291033
Address Map
  • Location: CA, Alberta, Red Deer, Downtown Red Deer, T4N2J1
  • Street: 55
  • Street Number: 4746
  • Street Suffix: Street
  • Longitude: W114° 11' 27.1''
  • Latitude: N52° 16' 27.4''
Additional Information
  • Lot Size Dimensions: 20000.00
Financial
  • Tax Annual Amount: 27860
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Listing updated: 2026-07-01 03:15:11
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Listing Information
  • List Agent Key: 1921006
  • List Office Key: 291033
  • Modification Timestamp: 2026-06-30T19:10:01Z
  • Originating System Name: Calgary Real Estate Board
  • Status Change Timestamp: 2026-06-30T19:02:41Z
Powered by REALTOR.ca
Listing updated: 2026-07-01 03:15:11
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