101-306, 5812 57 Avenue | Red Deer, Alberta, T4N4S4
INVESTORS! Take advantage of the strong rental market with a building that already has been strata titled (17 Individual titles) for future upside. This sharp looking well cared for 17 suite apartment building close to the Red Deer River has had many recent exterior upgrades, including Hardy Plank siding (2023), windows (2023), facia and soffits (2023), exterior LED lighting (2023). All suites have various had upgrades as needed. The suite mix is 9-1 bedroom, 4 2-bedroom and 4 Bachelor suites. Bachelor suites are same size as one bedrooms, just missing a wall. Servicing the tenants is a large laundry room with 2 Coin-o-Matic 2 washers and 2 dryers and a stocked library as they wait for the cycle. The rear parking pad is paved with 20 stalls, off street parking in the front of building is also available. Building has a pitched roof with asphalt shingles. Tenants all pay their power with the exception of one site that is on the common meter. Rents in the building are conservative and could be adjusted upward. (id:59084)Property Details
- Full Address:
- 5812 57 Avenue, Red Deer, Alberta
- Price:
- $ 2,378,300
- MLS Number:
- A2355988
- List Date:
- November 2nd, 2026
- Neighbourhood:
- Riverside Meadows
- Lot Size:
- 624 sq.ft.
- Year Built:
- 1980
- Taxes:
- $ 19,967
- Listing Tax Year:
- 2026
Interior Features
- Appliances:
- Refrigerator, Dishwasher, Stove
- Flooring:
- Vinyl Plank
- Heating:
- Natural gas, Other
Building Features
- Storeys:
- 3
- Foundation:
- Poured Concrete
- Garage Spaces:
- 20
- Ownership Type:
- Freehold
- Legal Description:
- CDE
- Taxes:
- $ 19,967
Floors
- Finished Area:
- 8412 sq.ft.
- Main Floor:
- 8412 sq.ft.
Land
- Lot Size:
- 624 sq.ft.
Neighbourhood Features
Ratings
Commercial Info
Location
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