4746 55 Street , Red Deer, Alberta
Commercial For Sale in Red Deer, Alberta
$3,500,000
-
Property Type
Commercial
-
Bedrooms
0
-
Bath
0
-
Garage
0
-
Sq Ft
14,696
-
Year Built
1975
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.
| Street Address: | 4746 55 Street |
| City: | Red Deer |
| Province/State: | Alberta |
| Postal Code: | N/A |
| County/Parish: | Red Deer |
| Subdivision: | Downtown Red Deer |
| Country: | Canada |
| Latitude: | 52.27426741 |
| Longitude: | -113.80914051 |
| MLS® Number: | A2312434 |
| Price: | $3,500,000 |
| Property Area: | 0 Sq ft |
| Bedrooms: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms Full: | 0 |
| Living Area: | 0 Sq ft |
| Building Area: | 14,696 Sq ft |
| Year Built: | 1975 |
| Listing Date: | May 19, 2026 |
| Garage Spaces: | 0 |
| Property Type: | Commercial |
| Property Subtype: | Multi Family |
| MLS Status: | Pending |
Additional Details
| Flooring: | N/A |
| Construction: | N/A |
| Parking: | N/A |
| Appliances: | N/A |
| Stories: | N/A |
| Zoning: | R-H |
| Fireplace: | N/A |
| Amenities: | N/A |
| Property Type | Commercial |
| Building Type | Multi Family |
| Community Name | Downtown Red Deer |
| Subdivision Name | Downtown Red Deer |
| Title | Freehold |
| Land Size | 20,000 sqft |
| Built in | 1975 |
| Annual Property Taxes | Contact listing agent |
| Parking Type | N/A |
| Time on MLS Listing | 112 days |
Interior Size
| Total Building Area: | 14,696 sq ft |
Room Count
Lot Information
| Lot Size: | 20,000 sq ft |
| Lot Size (Acres): | 0.46 acres |
No specific features listed for this property.
Floor plan information is not available for this property.
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