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CAABRed DeerDowntown4919 50 St
Listing image | Image 1

4919 50 St, Red Deer, AB

House

For Sale

Listed price in listed location currency (CAD).
$490,000

001

MLS® A2341112

Overview

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 11
Lot Size 0.07 Acres
Approx. Age 1937
MLS® Number A2341112

Property Address: 4919 50 St, Red Deer, AB, T4N1X8

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

Description

A Classic brick exterior Fully leased Commercial Building located in the Heart of busy Downtown on 50 St between the Old Post office building and Royal bank building. This Street Level Store front Building is a total of 2994 sq ft. Plus /Minus . There are two separate rental units , both are tenant occupied. The Front unit has the Restaurant , there since Nov 1 2024 , lease in place till Dec 31 2027 . The Back unit is a Therapy massage clinic with direct access from back alley and has been there since 2013 . Lease till June 30 2028. A nice plus for the building is the Central AC for the whole bulding supplied by the Roof top HVAC unit. Front space which is around 1220 sq ft , has had numerous upgrades with large open front area ( large windows), 2 bathrooms, Secondary kitchen area and office. The cement basement area is about 500 Sq ft , with open storage area with shelving , a separate storage room , a utility room (secondary furnace and large hot water tank ) , plus two washrooms ( need upgrading ) . Electrical panels are located in this unit. Back Lease space is around 1700 sq ft. set up with separate rooms , washroom, they also have one parking space . There is an interior secure double locked doorway that separates the 2 units. As a holding property, the numbers are favorable. Leases include all utilities. Large Public metered parking lot is located behind the building, metered street parking stalls in front plus a Delivery stall The Downtown area has new programs in place to help create more activity and enhance public shopping, as well there is a lot of new development in the area that is creating more consumer traffic.
MLS® NumberA2341112
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1937
Basement
Driveway
Garage Spaces
HeatCentral, Natural Gas, See Remarks
A/C

Extras

Stainless steel sinks, cabinet

Price History

Last Sold Price

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Appreciation

--

Avg. Days Listed

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Today, For Sale for $490,000

For Sale · 11 days

$490,000

MLS® A2341112

12 days ago

Not Sold Yet

August 2026, For Sale for $490,000

For Sale · 11 days

$490,000

MLS® A2341112

12 days ago

Not Sold Yet

August 2024, Expired for $2,600

Expired · 297 days

$2,600

MLS® A2092306

2 years ago

Canceled on Aug 31, 2024

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