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A2268015 - 4746 55 Street , Red Deer, Alberta T4N 2J1




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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.

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ESSENTIAL
MLS®:A2268015
Price:3,500,000.00
Type:Commercial
Sub Type:Multi Family
Lot Size:20,000 sq. ft.
Building Name:Cedarview Manor
RestrictionsNone Known
DOM4
INTERIOR SNAPSHOT   
Sq Ft:14,696


COMMUNITY DETAILS
Address:4746 55 Street , Red Deer, Alberta T4N 2J1
City:Red Deer
Subdivision:Downtown Red Deer
County:Red Deer
Province:Alberta
Postal Code:T4N 2J1
School: Schools
Housing:Housing Market
Statistics:Real Estate Statistics
EXTERIOR
Year Built:1975
Structure Type:Low Rise (2-4 stories)
Zoning:R-H
ROOM DIMENSIONS


Inclusions: 24 Stoves, 24 Fridges, 24 Hood Fans, 2 Washers (leased), 2 Dryers (leased), All available keys associated with the building and units.



Courtesy: Real Broker


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We would highly recommend Big John and his team. Selling a property can be highly stressful. They alleviated much of that stress by keeping us informed throughout the whole process. Their professional advice was invaluable. We truly appreciated all of the team and thank them for their service
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We had a great experience years ago when Big John was our realtor of choice. Some things have changed but, Big John was every bit as professional now as years ago, Thanks to technology, the photos, video and brochures were absolutely great! When we saw our home on the website, we wanted to buy it. The showing process was also excellent. Easy to approve a showing and easy for us to make arrangements. Hopefully, we won't need Big John's services any time soon but, we will definitely recommend him and his team to anyone that should ask. Thank you for making the experience a positive one. Best regards Jim and Leslie G.
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Downtown Red Deer Housing Trends


Real Estate Listings: 6
Highest Price: $499,900.00
Lowest Priced: $125,000.00
Average Price: $277,300.00
Land: 1
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FAQs about 4746 55 Street , Red Deer,
Alberta, T4N 2J1

4746 55 Street MLS® A2268015 has an approximate size of 0 Sq. Ft. located in Downtown Red Deer.

Nearby schools include read Schools & resources

There are 0 bedrooms and 0 bathrooms in this Commercial listing at 4746 55 Street , MLS® A2268015.

This Commercial listings is priced at $3,500,000.

This property is located at 4746 55 Street , Red Deer, Alberta, T4N 2J1 in the Downtown Red Deer community on the market for 4 days. View location on Google maps.

You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our Downtown Red Deer community resources page.