5553 45 Avenue - Main photo, Red Deer, Alberta

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$919,000

5553 45 Avenue — Red Deer, Alberta

t4n1l2

5,090Sq Ft

1960Built

11,200Lot Sq Ft

About This Property

Great opportunity for the savvy investor! This well-maintained building features six 2-bedroom suites. Live in one suite while generating income from the others, or rent out all six units for strong cash flow.The roof was redone in 2010 with durable 2-ply torch-on roofing. Ideally located in an easily accessible neighborhood close to schools and just minutes from downtown, making for a convenient commute.Numerous building and unit upgrades have been completed over the years, including a hot water tank (2023) and boiler (2025). A solid investment opportunity you won’t want to miss! (id:63357)

Property Location

Property Details

Property Type: Commercial
Building Area: 5,090 square feet
Living Area: 5,090 sqft
Above Grade Area: 5,090 sqft
Year Built: 1960
Status: Active

Location & Neighborhood

What's nearby 5553 45 Avenue

Nearby Schools

École Camille J. Lerouge
elementary
0.2 km
Unnamed School
elementary
0.5 km
Lindsay Thurber Comprehensive High School
secondary
0.6 km

Transit Access

Westbound 55 Street @ 44 Avenue
Bus Stop
0.2 km
Eastbound 55 Street @ 45 Avenue
Bus Stop
0.2 km
Northbound 47 Avenue @ 53 Street
Bus Stop
0.4 km
Southbound 47 Avenue @ 55 Street
Bus Stop
0.4 km
Westbound 55 Street @ 42A Avenue
Bus Stop
0.4 km

Local Amenities

Dining

Murph's0.8 km
Papa Baldy's Pizza0.9 km

POI data updated 3/25/2026

Red Deer Market Snapshot

411

Active Listings

$400K

Median Price

Avg Days on Market

Last updated: Mar 25, 2026

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Listed by

CIR Realty

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$919,000