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4746 55 Street

Red Deer T4N 2J1

MLS® Number:  A2312434

Back to Downtown Red Deer   

  • Home \
  • Red Deer \
  • Downtown Red Deer \
  • 4746 55 Street

$ 3,500,000

0

BEDROOMS

0 + 0

BATHROOMS

0

SQUARE FEET

1975

YEAR BUILT

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MLS® Number
A2312434
PROPERTY TYPE
Multi Family
LISTING DATE
May-19-2026

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.

COMMUNITY  Downtown Red Deer
PROPERTY TYPE  Multi Family
BUILDING TYPE  Low Rise (2-4 stories)
STYLE  N/A
YEAR BUILT 1975
SQUARE FOOTAGE  0
BEDROOMS  0
BATHROOMS  0
BASEMENT 
AMENITIES 
APPLIANCES 
COOLING 
FIREPLACE  N/A
FLOORING 
HEATING 
LAUNDRY 
LOT FEATURES 
PARKING 
RESTRICTIONS  None Known
ROOF 
TITLE 
BROKER  Real Broker

 

 

ROOMS DIMENSIONS (m) LEVEL