5 Fir St, Red Deer, AB

Name: 5 Fir St, For Sale in Red Deer - Zoocasa
Brand: RE/MAX Complete Realty
SKU: A2302618
Price: 550000 CAD

House

For Sale

Listed price in listed location currency (CAD).

$550,000

000

MLS® A2302618

Overview

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 1965

MLS® Number A2302618

Property Address: 5 Fir St, Red Deer, AB, T4N4Y1

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

Description

Urgent sale. Priced to sell at $550, 000. Immediate possession available. Well-located commercial property in Red Deer on a high-exposure corner lot, surrounded by established residential communities. Recently renovated with approximately $200, 000 invested, offering a clean and functional space with strong upside potential. The main floor can be divided into two separate units (previously configured as such), allowing for dual tenancy and diversified rental income. The basement provides additional space for storage or supplementary use. Income potential with flexible layout (buyer to verify): • $18 – $22 per sq.ft. (approx. $43, 000 – $53, 000/year) • Additional income potential from basement use • Potential cap rate in the 7% – 9% range The sale includes real estate and equipment. Inventory is extra. Business is optional. Property assessment value (2025): $522, 200. Strong value – priced near assessed value. Zoned C3 – Neighbourhood Convenience Commercial, allowing for a wide range of permitted uses including retail, convenience store, grocery, restaurant, café, personal services, and professional or office uses (subject to municipal approval). Offering excellent potential for future redevelopment, site intensification, or repositioning. Ideal for investors, developers, or owner-users seeking long-term upside. Sold “as-is, where-is.” Firm sale only – no conditions. Price is fixed. Property Details: • Building: 2, 400 sqft • Land: 16, 553 sq.ft. (0.38 acre) • Zoning: C3 – Neighbourhood Convenience Commercial Please do not approach staff. All inquiries through listing agent.

MLS® NumberA2302618

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1965

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 16, 2026List Date

$550,000List Price

Apr 15, 2026End Date

Not Sold YetSold Price

For Sale

Jul 15, 2024List Date

$679,000List Price

Map

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