- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2272222
- Year Built:
- 1974
- Photos (37)
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This well-maintained 4-plex in Highland Green presents an outstanding investment opportunity with a stabilized CAP rate of 7.3%, and an impressive annual gross revenue of $67,668, with tenants responsible for ALL utilities. Recent updates include a newer roof, updated windows on the lower levels, and one unit featuring newer windows throughout. Each unit offers a comfortable bi-level design with 2 bedrooms and 1 bathroom, complete with in-suite laundry. The upper level hosts the kitchen, dining, and living areas, while the lower level features the bedrooms, bathroom, and laundry, enhanced by large windows that welcome abundant natural light. With gross monthly rents of $5,639, this property provides excellent cash flow. Each unit also includes an electrified parking stall in the back and additional off-street parking. Located near essential amenities such as the GH Dawe Pool, schools, shopping, and public transit, this 4-plex combines functional design, strong cash flow, and a prime location, making it an ideal opportunity for investors.
- Property Type:
- Multi-Family
- Property Sub Type:
- 4 plex
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Total Living Area:
- 1,806 sq. ft.
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Lot Area:
- 7,257 sq. ft.
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Reg. Size:
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- Reg. Size Includes:
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- Year built:
- 1974 (Age: 51)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 3251TR
- Heating:
- Central, Forced Air, Natural Gas
- Basement:
- Full, Finished
- Foundation:
- Poured Concrete
- Structure Type:
- Four Plex
- Ensuite:
- No
- Cooling:
- None
- Garage:
- No
- Parking:
- Alley Access, Off Street, Stall
- Parking Places:
- 5
- Parking Total/Covered:
- 5 / -
- Highland Green Estates (Red Deer)
- Dryer, Electric Stove, Refrigerator, Washer, Window Coverings
- Washer x 4, Dryer x 4, Fridge x 4, Stove x 4, Window Coverings
- None Known
- Title to Land:
- Fee Simple
- Num. of Parcels:
- 0
- Region:
- Red Deer
- Zoning:
- R-M
- Listed Date:
- Nov 26, 2025
- Days on Mkt:
- Signup
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Listed by Real Broker
Data was last updated November 28, 2025 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 10
- Avg list price:
- $832,000
- Min list price:
- $630,000
- Max list price:
- $3,780,000
- Avg days on market:
- 56
- Min days on market:
- 11
- Max days on market:
- 208
- Avg price per sq.ft.:
- $311.33
These statistics are generated based on the current listing's property type
and located in
Red Deer. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- RHONDA BELLAMY
- Century 21 Maximum
- 1 (403) 5019472
- rhonda.bellamy@century21.ca
Office Address:
#204, 25 Beju Ind. Drive
Sylvan Lake, AB, T4S 0B6
