4611 50 Street
Red Deer
T4N 2C2
$1,599,000
Multi-Family
8,488 sq. ft.
built: 1978
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2258892
- Year Built:
- 1978
- Photos (33)
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An exceptional investment opportunity with these EIGHT units, fully rented Condo Townhouse, located in a prime location, just steps away from the park, walking trail, shopping center, and all essential amenities. With ample stall parking on site, this building is perfectly positioned for renters. All eight units are two bed/1.5 bath units, with the potential of adding one extra in the main level. one of the units have been completely renovated. New roofing replaced in 2013. Property has 24 hour video surveillance system. The building has been condominiumized with all 8 individually titled allowing the investor to hold as a long term investment or can sell individually in future. $250/unit/month condo fee currently. $8150/month is the rent income. We have some tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities.
- Property Type:
- Multi-Family
- Property Sub Type:
- Row/Townhouse
- Transaction Type:
- For Sale
- Possession:
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- Possession Date:
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- Total Living Area:
- 8,488 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:
- 12,450 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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- Levels:
- Two
- Year built:
- 1978 (Age: 47)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 9320094
- Structure Type:
- Other
- Ensuite:
- No
- Garage:
- No
- Parking Places:
- 8
- Parking Total/Covered:
- 8 / -
- Parkvale (Red Deer)
- Electric Stove, Refrigerator, Washer/Dryer
- -
- None Known
- Title to Land:
- Fee Simple
- Lot Features:
- Square Shaped Lot
- Num. of Parcels:
- 0
- Region:
- Red Deer
- Zoning:
- R-D
- Listed Date:
- Sep 25, 2025
- Days on Mkt:
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Listed by Grand Realty
Data was last updated September 26, 2025 at 06:05 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.
- STEPHEN McDONALD
- CIR REALTY
- 1 (403) 6800799
- Contact by Email
M
P
RED DEER REAL ESTATE
Red Deer MLS®
Office Address:
4405 - 52 Avenue
Red Deer, AB, T4N 6S4