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  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • 4746 55 Street, Red Deer, Alberta, T4N 2J1 (106743579)
  • Price 3,500,000
  • Multi Family For Sale
  • MLS A2268015
  • 14,696
4746 55 Street
Red Deer, Alberta T4N 2J1
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.

Details
  • TransactionFor Sale
  • NeighbourhoodDowntown Red Deer
  • Commercial TypeMulti Family
  • Building NameCedarview Manor
  • Building Size14,696 sqft
  • Inclusions24 Stoves, 24 Fridges, 24 Hood Fans, 2 Washers (leased), 2 Dryers (leased), All available keys associated with the building and units.
  • ZoningR-H
  • Year Built1975
Listing Agent
All information displayed is believed to be accurate but is not guaranteed by Central Alberta REALTORS® Association and should be independently verified. No warranties or representations of any kind are made.