CAABRed DeerDowntown Red Deer5101 50 Ave

5101 50 Ave, Red Deer, AB

Name: 5101 50 Ave, For Sale in Red Deer - Zoocasa
Brand: Century 21 Advantage
SKU: A2352910
Price: 389900 CAD

House

For Sale

Listed price in listed location currency (CAD).

$389,900

000

MLS® A2352910

Overview

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 11

Lot Size 0.15 Acres

Approx. Age 1947

MLS® Number A2352910

Property Address: 5101 50 Ave, Red Deer, AB, T4N4B3

Average square foot calculated using Size range provided by listing agent.

Description

**DOWNTOWN RED DEER MIXED-USE INVESTMENT OPPORTUNITY!** Located at 5101 50 Avenue in the heart of Red Deer, this established income-property opportunity offers investors a compelling entry point into downtown commercial real estate at an attractive $389, 900 asking price. The property combines commercial and residential rental components, providing an opportunity to diversify rental income within a single investment. Municipal records identify approximately 11, 897 square feet of building area on a 6, 500 square foot parcel, with C-1 zoning that supports a variety of downtown commercial uses, subject to municipal approval. Built in 1947, this established downtown property offers existing rental operations together with potential opportunities for repositioning, improved operating efficiencies and long-term value creation. Its central location places the property within Red Deer's downtown business district, with access to surrounding commercial services, businesses and residential neighbourhoods. For investors prepared to assess the existing tenancy, building condition and operating structure, the property offers an opportunity to pursue a value-add strategy at a relatively accessible acquisition price. Commercial and residential rent rolls and historical operating information are available for qualified purchaser review. Offered for sale as is, with possession subject to existing tenancies. Whether expanding an investment portfolio or exploring the potential of an established downtown mixed-use property, 5101 50 Avenue deserves consideration.

MLS® NumberA2352910

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1947

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

N/A

Map

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