For Sale: 4746 55 Street, Red Deer, AB - REW
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$3,500,000
0 bd • ba • 14696 sf • Multifamily
4746 55 Street
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$3,500,000
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4746 55 StreetRed Deer, AB, T4N 2J1

  • 0 Bed
  • Bath
  • 14696 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Tyler Remington, Associate, Real Broker

Home facts and features

Price details
List Price
$3,500,000
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Gross Taxes for 2025
$27,860
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
20000 ft²
Depth
Year Built
Built in 1975 (51 yrs old)
Agent details
Primary Agent
Primary Broker
Real Broker
Listing details
Days on REW
17 Days
Property Views
164
MLS® Number
A2312434
Source
Canadian Real Estate Association
Board
Calgary Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Red Deer Regional Hospital Education Program
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  • In Catchment
Central Middle School
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Quest High School
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Outreach School Centre
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First Steps & Beyond Inc
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Pine Hill Colony School
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St. John Paul II Catholic Outreach School
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St. Gabriel Online School
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Gateway Christian School
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École Camille J Lerouge School
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Call Agent
Tyler Remington
Phone:
(403) 808-5950
Office:
855-623-6900
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This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.