4746 55 Street
Red Deer, Alberta
MLS® A2312434
$3,500,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- A2312434
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1975
1 / 19Listing 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.
Property summary
- MLS® number
- A2312434
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 14,696 sq ft
- Land size
- 20000 square feet
- Built in
- 1975
- Annual property taxes
- $27,860.00
- Days on market
- 103 days
What would this home cost you?
Based on the $3,500,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Real Broker, CALGARY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.