For Sale: 101-306-5812 57 Avenue, Red Deer, AB - REW
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$2,378,300
0 bd • ba • 8412 sf • Apt/Condo
101-306-5812 57 Avenue
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$2,378,300
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101-306 - 5812 57th AvenueRed Deer, AB, T4N 4S4

  • 0 Bed
  • Bath
  • 8412 Sqft
  • Apt/Condo

About this home

INVESTORS! Take advantage of the strong rental market with a building that already has been strata titled (17 Individual titles) for future upside. This sharp looking well cared for 17 suite apartment building close to the Red Deer River has had many recent exterior upgrades, including Hardy Plank siding (2023), windows (2023), facia and soffits (2023), exterior LED lighting (2023). All suites have various had upgrades as needed. The suite mix is 9-1 bedroom, 4 2-bedroom and 4 Bachelor suites. Bachelor suites are same size as one bedrooms, just missing a wall. Servicing the tenants is a large laundry room with 2 Coin-o-Matic washers and 2 dryers, as well as a stocked library as they wait for the cycle. The rear parking pad is paved with 20 stalls, off street parking in the front of building is also available. Building has a pitched roof with asphalt shingles. Tenants all pay their power with the exception of one site that is on the common meter. Rents in the building are conservative and could be adjusted upward.
Listed by: Brad Granlund, RCR - Royal Carpet Realty Ltd.

Home facts and features

Price details
List Price
$2,378,300
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Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
20
Property Type
Apt/Condo
Year Built
Built in 1980 (46 yrs old)
Style
Apartment-Single Level Unit
Exterior Finish
Mixed
Heating Type
Boiler, Natural Gas, Zoned
Appliances
Dishwasher, Refrigerator, Stove
Agent details
Primary Agent
Primary Broker
RCR - Royal Carpet Realty Ltd.
Listing details
Days on REW
1 Day
MLS® Number
A2355988
Source
Pillar 9
Board
Central Alberta REALTORS® Association
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25 Years
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3.99%

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Property Insights

North Cottage High School
  • n/a
  • -
  • In Catchment
Koinonia Christian School (Red Deer)
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  • In Catchment
Fairview School
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  • In Catchment
First Steps & Beyond Inc
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  • In Catchment
Oriole Park School
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  • In Catchment
G. H. Dawe Community School
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St. Patricks Community School
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Central Middle School
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Red Deer Regional Hospital Education Program
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Pine Hill Colony School
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  • In Catchment
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Call Agent
Brad Granlund
Phone:
(403) 342-7700
Cell:
403-347-3332
Office:
403-342-7700
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