CAABRed DeerHighland Green Estates6323 59 Ave
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6323 59 Ave, Red Deer, AB

House

Sold

Listed price in listed location currency (CAD).
$625,000
$650,000

005

MLS® A2279308

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 1806 sqft
Garage 
Taxes $5,684
Lot Size 
Approx. Age 1974
Avg. Price Per Sqft $359
MLS® Number A2279308

Property Address: 6323 59 Ave, Red Deer, AB, T4N5P9

Average square foot calculated using Size range provided by listing agent.

Description

This WELL-MAINTAINED 4-PLEX in Highland Green offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67, 668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5, 639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns.
MLS® NumberA2279308
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1974
BasementFull
DrivewayAlley Access, Off Street, Stall
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Feb 15, 2026End Date
$625,000Sold Price

Sold

Jan 15, 2026List Date
$650,000List Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
6323 59 Ave, Red Deer, AB

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