Oakwyn Realty Ltd.
4746 55 Street - Photo 1 of 19, Red Deer, Alberta
1 / 19
$3,500,000

4746 55 Street — Red Deer, Alberta

T4N2J1

Real Broker
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. Capital improvements include a new roof (2018) 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)

Real Broker

Property Location

Map

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

Nearby Schools

Parks & Recreation

Transit Access

Local Amenities

Dining

Banking

Coffee & Cafes

POI data updated 6/1/2026

Red Deer Market Snapshot

393

Active Listings

$440K

Median Price

—

Avg Days on Market

Last updated: May 20, 2026

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$3,500,000

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Oakwyn Realty Ltd.

Oakwyn Realty Ltd.

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3195 Oak St, Vancouver, BC V6H 2L2

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

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