For Sale: 5805 56 Avenue, Red Deer, AB - REW
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$645,000
0 bd • ba • 1510 sf • Fourplex
5805 56 Avenue
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$645,000
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5805 56th AvenueRed Deer, AB, T4N 4P9

  • 0 Bed
  • Bath
  • 1510 Sqft
  • Fourplex

About this home

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.
Listed by: Nabil Noorani, Real Broker

Home facts and features

Price details
List Price
$645,000
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Fourplex
Lot Size
6099 ft²
Year Built
Built in 1976 (50 yrs old)
Features
Corner Lot, Rectangular Lot
Appliances
Microwave Hood Fan, Refrigerator, Stove(s)
Agent details
Primary Agent
Primary Broker
Real Broker
Secondary Agent
Secondary Broker
Real Broker
Listing details
Days on REW
79 Days
Property Views
138
MLS® Number
A2294887
Source
Pillar 9
Board
Calgary Real Estate Board
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Purchase Price
Mortgage Total
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

North Cottage High School
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  • In Catchment
Koinonia Christian School (Red Deer)
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  • In Catchment
Fairview School
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First Steps & Beyond Inc
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Oriole Park School
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  • In Catchment
Central Middle School
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Red Deer Regional Hospital Education Program
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St. Patricks Community School
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G. H. Dawe Community School
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Pine Hill Colony School
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Call Agent
Nabil Noorani
Phone:
(403) 499-8208
Office:
855-623-6900
Gurman Sidhu
Phone:
800-899-1217
Office:
855-623-6900
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