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6323 59 Avenue
Red Deer Alberta T4N5P9 Canada

$650,000

Active Listing ID A2279308
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1,806 square feet
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Multi-family

$650,000

Active Listing ID A2279308
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6323 59 Avenue This WELL-MAINTAINED 4-PLEX in Highland Green offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67, 668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5, 639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: None
  • Heating Systems: Forced air, Natural gas, Central heating
  • Additional Features
  • Basement
Listing Changed: 1/15/2026 12:36:11 AM GMT
Source Updated Date: 1/17/2026 12:16:48 AM GMT

Courtesy of: Benjamin Sweet, Associate, Real Broker