Property Details

4746 55 Street
Red Deer (A2268015)

$3,500,000
14,696 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

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.

Property details

Basic Info

MLS® #
A2268015
Property Type:
Commercial
Subtype:
Multi Family
Subdivision:
Downtown Red Deer
Price
$3,500,000
Sale/Lease:
For Sale
Size:
14,696 sq.ft.
Year Built:
1975 (50 years old)

Building Info

Structure Type:
Low Rise (2-4 stories)
Building Name:
Cedarview Manor
Garage:
No
Fence:
Basement:
No
Inclusions:
24 Stoves, 24 Fridges, 24 Hood Fans, 2 Washers (leased), 2 Dryers (leased), All available keys associated with the building and units.

Lot / Land Info

Lot Size:
0.46 acres
Zoning:
R-H

Listing Info

Possession:
60 Days / Neg
Days on Market:
3
Your Agent
  • Donna Wilson

    Sutton Group - Grande Prairie Professionals
    780-228-2224

    Email

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