CAABRed DeerParkvale4611 50 Street
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4611 50 Street, Red Deer, AB

Real Estate

For Sale

Listed price in listed location currency (CAD).
$1,599,000

008

MLS® A2258892

  • Key Facts
  • Description
  • Map

Key Facts

Type Townhouse
Levels Residential Income
Size 8487 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 80
Approx. Age 1978
Avg. Price Per Sqft $188
MLS® Number A2258892

Property Address: 4611 50 Street, Red Deer, AB, T4N2C2

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

Description

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.
MLS® NumberA2258892
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1978
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

-

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 26, 2025List Date
$1,599,000List Price
  • Commute

Commute

Starting Address
Destination Address
4611 50 Street, Red Deer, AB

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