For Sale

Multi-family opportunity

4746 55 Street · Red Deer, Alberta T4N2J1

Asking price$3,500,000
Property typeMulti-family
Building area14,696 square feet

The Opportunity

Overview

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. (id:61970)

Investment highlights

  1. 01Multi-family

Property details

Property type
Multi-family
Transaction
sale
Building area
14,696 square feet
Site area
20000 square feet
Listing brokerage
Real Broker
Listing representative
Tyler Remington
Board / association
Calgary

Financial information

Asking$3,500,000

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Location intelligence

Red Deer

Documents

Source Record

Current listing facts, with attribution intact.

Source
REALTOR.ca DDF®
Listing status
active
Source ID
29780537
Last supplied
June 30, 2026
Listing brokerage
Real Broker
Listing representative
Tyler Remington
Board / association
Calgary

Commercially preserves the source listing’s brokerage attribution and links back to its REALTOR.ca record. Request information to confirm availability, documents, showing protocol and any facts not present in the supplied record.

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Listing brokerage: Real Broker · Listing representative: Tyler Remington · Board/association: Calgary · Updated: Jun 30, 2026

Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.

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