CAABRed DeerDowntown Red Deer4746 55 St
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4746 55 St, Red Deer, AB

Real Estate

For Sale

Listed price in listed location currency (CAD).
$3,500,000

000

MLS® A2268015

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes 
Days Active 3
Approx. Age 1975
MLS® Number A2268015

Property Address: 4746 55 St, Red Deer, AB, T4N2J1

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberA2268015
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1975
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

24 Stoves, 24 Fridges, 24 Hood Fans, 2 Washers (leased), 2 Dryers (leased), All available keys associated with the building and units.

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 31, 2025List Date
$3,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
4746 55 St, Red Deer, AB

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