4746 55 Street, Red Deer

Multi Family for Sale

4746 55 Street, Red Deer, MLS® # A2268015
  • MLS®#: A2268015
  • Price: $3,500,000
  • Status: Active
  • Year Built: 1975
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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.

Contact Ryan & Dennis Shandruk About MLS® A2268015

Required Field

Ryan & Dennis Shandruk, 403-830-3690 at RE/MAX REALTY PROFESSIONALS, #10, 6020 - 1A STREET S.W., Calgary, Alberta, T2H 0G3

property information

  • Property Type: Multi Family
  • MLS®#: A2268015
  • Year Built: 1975
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Community Information

  • Address: 4746 55 Street
  • Neighbourhood: Downtown Red Deer
  • City: Red Deer
  • Postal Code: T4N 2J1
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interior

  • Included: 24 Stoves, 24 Fridges, 24 Hood Fans, 2 Washers (leased), 2 Dryers (leased), All available keys associated with the building and units.
  • Fireplace Details: For Sale
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$3,500,000

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Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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