4746 55 Street - Photo 1 of 19, Red Deer, Alberta
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$3,500,000

4746 55 Street — Red Deer, Alberta

T4N2J1

14,696Sq Ft
1975Built
20,000Lot Sq Ft

About This Property

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:63357)

Property Location

Property Details

Property Type
Multi-Unit
Building Area
14,696 square feet
Living Area
14,696 sqft
Above Grade Area
14,696 sqft
Year Built
1975
Status
Active

Location & Neighborhood

What's nearby 4746 55 Street

Lifestyle Summary

At 4746 55 Street in Red Deer, your daily routine begins with an effortless stroll to the nearby transit stops. A mere 2-minute walk takes you to Northbound 49 Avenue @ 54 Street, where you can seamlessly connect to the city’s transit system. This accessibility means that whether you’re commuting to work or exploring local attractions, your journey begins just outside your door. After returning home, you might take a leisurely 4-minute walk to Southbound 47 Avenue @ 55 Street, ideal for weekend outings or evening adventures downtown. For those who cherish the great outdoors, this property is perfectly situated near an array of parks, each offering its own unique experience. Within just a 4-minute walk, you can immerse yourself in the tranquility of the nearby Park, ideal for morning jogs or a peaceful afternoon with a book. If you’re in the mood for a family picnic, the Park just 6 minutes away provides ample space for gatherings, while the Park a quick 5-minute stroll from home invites spontaneous outdoor play for the kids. Dining options are abundant and tantalizingly close. Picture this: after a busy day, you can grab a slice at Papa Baldy's Pizza, just a 4-minute walk away, or indulge in the smoky flavors at Red Boar Smokery, which is only 8 minutes from your doorstep. The proximity of various eateries like Taco Loft and OishiDesu, both within an 8-minute walk, means you can easily enjoy diverse culinary experiences without the hassle of long drives or complicated plans. Families are well-catered for, with educational institutions just a short walk away. Central Middle School is a convenient 6 minutes away, making school commutes a breeze. For older students, the RDC Donald School of Business is just a 9-minute stroll, while École Camille J. Lerouge is a quick 10-minute walk, providing a supportive environment for education within the community. Living here not only enhances your lifestyle but also ensures that your family thrives in a nurturing, engaging environment.

Nearby Schools

Parks & Recreation

Local Amenities

Dining

Shopping

POI data updated recently

Red Deer Market Snapshot

311

Active Listings

$400K

Median Price

0

Avg Days on Market

Last updated: Nov 3, 2025

Listed by

Real Broker

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$3,500,000