CAABRed DeerRiverside Meadows5805 56 Ave
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5805 56 Ave, Red Deer, AB

Real Estate

For Sale

Listed price in listed location currency (CAD).
$679,900

004

MLS® A2294887

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 1509 sqft
Garage No
Taxes 
Days Active 3
Lot Size 0.14 acres
Approx. Age 1976
Avg. Price Per Sqft $450
MLS® Number A2294887

Property Address: 5805 56 Ave, Red Deer, AB, T4N4P9

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

Description

Turnkey 4-Plex Investment Opportunity in Red Deer Excellent opportunity to own a fully renovated 4-plex multifamily property in Red Deer, ideal for investors seeking strong rental income and minimal maintenance. This property features three 2-bedroom units and one 1-bedroom unit, all extensively updated with modern finishes. Each unit has been fully renovated, including new kitchens with quartz countertops and stainless steel appliances, updated interiors, and modern fixtures throughout. Two units feature durable vinyl plank flooring, while the other two offer new carpet, creating comfortable and attractive living spaces for tenants. Major building updates include newer windows, refreshed interiors, and a roof approximately 5 years old, providing peace of mind for years to come. Approximately $50, 000–$60, 000 in renovations have been invested into the property. The building also offers four dedicated parking stalls for tenant convenience. Currently 100% occupied with tenants, making this a true turnkey income property with immediate cash flow. With its modern upgrades, strong tenant demand, and solid location in Red Deer, this property represents a fantastic long-term investment opportunity.
MLS® NumberA2294887
Laundry Level
Central VacNo
FireplaceNo
Acreage0.14
Exterior
GarageNo
Approx. Age1976
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

4 Microwave Hood fans, 4 Electric stoves, 4 Refrigerators, washer, dryer

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 19, 2026List Date
$679,900List Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
5805 56 Ave, Red Deer, AB

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