1-16 4750 55 Street
Red Deer
T4N 2J1
$1,360,000
Multi-Family
7,342 sq. ft.
built: 1963
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2179270
- Year Built:
- 1963
- Photos (20)
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If you’re looking for an income generating property with potential for further growth- this is it! 15 suite apartment building currently sitting at 73% occupancy. This building consists of 13 - 1 bedroom + 1 bath suites and 2 bachelor + 1 bath suites. 4 units are vacant. Some of the units have been updated with newer flooring. New hot water tank. Building has a zero lot line and a parking stall with 19 spaces.
Current gross income is at $10,320 with room for growth. Several long term tenants.
- Property Type:
- Multi-Family
- Property Sub Type:
- Apartment
- Transaction Type:
- For Sale
- Home Style:
- Low-Rise(1-4)
- Total Living Area:
- 7,342.25 sq. ft.
- Below Grade Finished Area:
- 2,434.94 sq. ft.
- Lot Area:
- 10,000 sq. ft.
- Lot Details:
- 50' x 199.87
- Stories Total:
- 4
- Year built:
- 1963 (Age: 62)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- K1
- Heating:
- Baseboard, Boiler, Hot Water
- New Constr.:
- No
- Structure Type:
- Low Rise (2-4 stories)
- Ensuite:
- No
- Flooring:
- Carpet, Linoleum, Vinyl Plank
- Cooling:
- None
- Fireplaces:
- 0
- Water Supply:
- Public
- Sewer:
- Public Sewer
- Utilities:
- Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
- Garage:
- 0
- Parking:
- Alley Access, Paved, Stall
- Parking Places:
- 19.0
- Parking Total/Covered:
- 19 / -
- Laundry Features:
- In Basement
- Waskasoo (Red Deer)
- Coin Laundry, Parking
- Dryer, Refrigerator, Stove(s), Washer
- Refrigerator x 15, Stove x 15, Washer, Dryer
- None Known
- Title to Land:
- Fee Simple
- Community Features:
- Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
- Exterior Features:
- None
- Patio And Porch Features:
- Balcony(s)
- Lot Features:
- Back Lane, Near Shopping Center, Street Lighting, Near Public Transit
- Num. of Parcels:
- 0
- Fencing:
- None
- Region:
- Red Deer
- Zoning:
- R3
- Listed Date:
- Nov 21, 2024
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Listed by Century 21 Maximum
Data was last updated January 23, 2025 at 10:05 PM (UTC)
Area Statistics
- Listings on market:
- 10
- Avg list price:
- $987,250
- Min list price:
- $609,900
- Max list price:
- $3,780,000
- Avg days on market:
- 44
- Min days on market:
- 1
- Max days on market:
- 134
- Avg price per sq.ft.:
- $265.31
These statistics are generated based on the current listing's property type
and located in
Red Deer. Average values are
derived using median calculations.
- RHONDA BELLAMY
- Century 21 Maximum
- 1 (403) 5019472
- Contact by Email
Office Address:
#204, 25 Beju Ind. Drive
Sylvan Lake, AB, T4S 0B6
