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4746 55 Street
Red Deer Alberta T4N2J1 Canada

$3,500,000

Active Listing ID A2268015
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14,696 square feet
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Multi-family

$3,500,000

Active Listing ID A2268015
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4746 55 Street 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. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Additional Features
  • Basement
Listing Changed: 11/3/2025 7:25:29 PM GMT
Source Updated Date: 12/20/2025 8:06:02 AM GMT

Courtesy of: Tyler Remington, Associate, Real Broker