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4746 55 Street
Downtown Red Deer (Red Deer) Red Deer T4N 2J1

$3,500,000
Commercial

Main Photo: 4746 55 Street: Red Deer Multi Family for sale : MLS®# A2268015
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
A2268015
Build. Type:
Low Rise (2-4 stories)
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. Recent capital improvements include a new roof (2020) 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.
Property Type:
Commercial
Property Sub Type:
Multi Family
Transaction Type:
For Sale
Building Type:
Low Rise (2-4 stories)
Total Building Area:
14,696 sq. ft.
Lot Area:
20,000 sq. ft.
Year built:
1975 (Age: 50)
Bathrooms:
- (Full:-, Half:-)
Plan:
K1
Building Name:
Cedarview Manor
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Garage:
No
Downtown Red Deer (Red Deer)
24 Stoves, 24 Fridges, 24 Hood Fans, 2 Washers (leased), 2 Dryers (leased), All available keys associated with the building and units.
None Known
Num. of Parcels:
0
Region:
Red Deer
Zoning:
R-H
Listed Date:
Oct 31, 2025
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Listed by Real Broker
Data was last updated November 2, 2025 at 12:05 PM (UTC)
Robert Hinsperger

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