5614-55street, Red Deer Alberta

12 SUITE APARTMENT BUILDING. Featuring 11 (2) Bedroom suites (currently at $750/month) & 1 (1) Bedroom suite (Currently at $650/month) . Many upgrades to suites over the years, including NEW CARPET, NEW LINOLEUM, FRESH PAINT, NEW BATHS & more. Strong potential for stronger earnings, Vacant units available to see. Huge 125′ lot with 20+ stalls for parking. Each unit has designated stall w/ power plug in. Brings in over $106,800.00/ year in GROSS REVENUE. Professionally managed and ready for the next savvy investor/ owner!

Property Downloads


20 parking stalls (12 powered)

Central boiler

Suites have individual power meters

Recent upgrades to roof (tar & gravel)


Standard Listing

  • Price:999,900
  • Listing Type:Sale - Building
  • Property Type:Investment
  • Listing #: WG-16320
  • Zoned for:R2
  • Community: Red Deer
  • Neighbourhood: Riverside Meadows
  • Legal Description: Lot: 25-30, Blk: 1 Plan: 3331AJ, LINC: 0019222455
  • Available Space: 9662 sq ft

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