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14,696 sqft

C$3,500,000

4746 55 Street, Red Deer Alberta, T4N 2J1

Price per sqftC$238.16
Built in1975
Property size14,696 sqft
Property typeCommercial

Overview

Active

Pending

Listed May 19, 2026

Updated 4 weeks ago

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.

Additional information

MLS® ID
A2312434
Available from
December 14, 2026

Interior Features

Basement
No

Exterior Features

Lot Size
0.46 Acres

Courtesy of Real Broker, Tyler Remington

Listing Contact: 403-808-5950 

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Data last updated 12:08 PM UTC, 10/10/2026

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