Last Sold Price
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Overview
Key Facts
Type Multi Family
Levels Residential Income
Size 14696 sqft
Garage
Taxes $27,860
Days Active 48
Lot Size 20000 SF
Approx. Age 1975
Avg. Price Per Sqft $238
MLS® Number A2312434
Property Address: 4746 55 St, Red Deer, AB, T4N2J1
Average square foot calculated using Size range provided by listing agent.
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. 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:58753)Show Description
MLS® NumberA2312434
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1975
Basement
Driveway
Garage Spaces
Heat
A/C
Extras
Price History
Appreciation
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Avg. Days Listed
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Today, For Sale for $3,500,000
For Sale · 159 days
$3,500,000
MLS® A2312434
5 months ago
Not Sold Yet
May 2026, For Sale for $3,500,000
For Sale · 159 days
$3,500,000
MLS® A2312434
5 months ago
Not Sold Yet
April 2026, Expired for $3,500,000
Expired · 181 days
$3,500,000
MLS® A2268015
6 months ago
Canceled on Apr 30, 2026
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