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2 & 3 4768 Riverside Drive in Red Deer: Riverside Light Industrial Park Mixed Use for sale : MLS®# A2308138
2 & 3 4768 Riverside Drive Red Deer T4P 2N7 
$750,000Commercial- Status:
- Active
- MLS® Num:
- A2308138
Excellent investment opportunity! Located in Riverside Light Industrial Park, two condo units totaling 4,755 SF are available for sale. Unit 2 is 2,400 SF and is currently leased to Kensei Gym. Unit 3 is 2,355 SF and is currently leased to Nyman's Artmarks. The building sits on 0.51 acres and there is a fully fenced, shared yard behind the building with ample paved parking available directly in front. The property is centrally located with quick access to Gaetz Avenue and 67th Street. These units can be purchased together, or the entire building can be purchased as a whole offering investment or owner/user options. More detailsListed by RE/MAX Commercial Properties- PATRICK GALESLOOT
- CENTURY 21 ADVANTAGE
- 1 (403) 3460021
- Contact by Email
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4606 48 Avenue in Red Deer: Downtown Red Deer Mixed Use for sale : MLS®# A2309145
4606 48 Avenue Red Deer T4N 3S9
$374,900Commercial- Status:
- Active
- MLS® Num:
- A2309145
Turnkey professional office opportunity in Downtown Red Deer. Positioned on a high exposure lot along 48 Avenue, this extensively renovated C-1 zoned commercial property offers an excellent opportunity for investors, owner-users, or professionals seeking a standalone office/clinic space with on-site parking and strong curb appeal. The property has been thoughtfully configured for health, wellness, counselling, medical, massage, acupuncture, esthetics, or other professional office uses. The main floor features approximately 695 sq. ft. above grade with a welcoming reception and waiting area, two spacious treatment/offices, staff/admin workspace, washroom with shower, and a functional kitchenette/staff area. Large windows and multiple skylights create a bright and inviting atmosphere throughout the space. The unfinished basement provides excellent storage, utility, and future development potential. Originally renovated in 2008 with several office improvements, updates reportedly included windows, doors, plumbing, heating, and interior office conversion. The layout is efficient and professional, allowing for multiple practitioners, private offices, or a reception-based business model. Situated on a 3,909 sq. ft. lot with rear parking (5 or 6 stalls) and convenient access, the property benefits from excellent visibility in the Downtown Red Deer corridor. C-1 zoning supports a wide range of commercial and mixed-use possibilities, making this an attractive long-term hold or owner-occupier investment. Property details indicate approximately 741 sq. ft. above grade and C-1 land use zoning. A rare opportunity to acquire an affordable standalone commercial building with parking, exposure, and flexible use potential in Central Red Deer. The operating business currently occupying the premises may be available separately from the real estate. More detailsListed by Century 21 Advantage- PATRICK GALESLOOT
- CENTURY 21 ADVANTAGE
- 1 (403) 3460021
- Contact by Email
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1-3 4768 Riverside Drive in Red Deer: Riverside Light Industrial Park Mixed Use for sale : MLS®# A2308129
1-3 4768 Riverside Drive Red Deer T4P 2N7
$1,349,000Commercial- Status:
- Active
- MLS® Num:
- A2308129
Excellent owner/user investment opportunity! Located in Riverside Light Industrial Park, this 8,955 SF multi-unit industrial/commercial mix building, on 0.51 acres, is available for sale. A purchaser can occupy a portion of the building while benefitting from existing rental income from established tenants. There are three units in the building. Unit 1 is 4,200 SF and is currently the home of a printing business who will vacate upon completion of a sale. Unit 2 is 2,400 SF and is currently leased to Kensei Gym. Unit 3 is 2,355 SF and is currently leased to Nyman's Artmarks. There is a fully fenced, shared yard behind the building and ample paved parking available directly in front. The property is centrally located with quick access to Gaetz Avenue and 67th Street. More detailsListed by RE/MAX Commercial Properties- PATRICK GALESLOOT
- CENTURY 21 ADVANTAGE
- 1 (403) 3460021
- Contact by Email
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3832 47 Street in Red Deer: Eastview Multi Family for sale : MLS®# A2304392
3832 47 Street Red Deer T4N 1N7
$899,000Commercial- Status:
- Active
- MLS® Num:
- A2304392
INVESTORS! This well-maintained 6-plex in the desirable Eastview subdivision (South Red Deer) is fully rented and situated on a large ~75 x 125 ft lot. The property features a strong unit mix, including five 2-bedroom suites and one 1-bedroom suite. Each unit is separately metered, with tenants responsible for their own power. The building exterior has been updated and showcases durable vinyl siding, vinyl windows, and a pitched asphalt shingle roof. Interior suites have seen varying levels of renovations over the years. All units offer exterior access, with upper-level suites featuring private balconies. At the rear, you'll find a paved parking area with energized stalls and a seperate common laundry room, for tenant convenience. More detailsListed by CIR Realty- PATRICK GALESLOOT
- CENTURY 21 ADVANTAGE
- 1 (403) 3460021
- Contact by Email
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4917 48 Street in Red Deer: Downtown Red Deer Office for sale : MLS®# A2302911
4917 48 Street Red Deer T4N 1S8
$595,000Commercial- Status:
- Active
- MLS® Num:
- A2302911
- Build. Type:
- Office Building
Well-located in the heart of downtown Red Deer, this 21,400 sq. ft. four-storey office and retail building offers excellent flexibility and upside potential. The main floor provides strong retail exposure, with additional office/retail space in the lower level and on the upper floors, suitable for a wide range of tenants or owner-users. Each floor includes men’s and ladies’ washrooms along with its own furnace room with forced air heating. The building is also supported by rooftop A/C and a durable tar and gravel roof system. Several spaces are ready for immediate occupancy, while others offer value-add potential through upgrades. The owner has invested approximately $140,000 in front windows and facade, air conditioning, elevator and security in the last few years. A key feature is the adjacent vacant lot, available for purchase from the City of Red Deer, with the potential for approximately 30 parking stalls. This could also create the opportunity to add windows along that side of the building, enhancing natural light and overall tenant appeal. An excellent opportunity to acquire a downtown asset with both income potential and room for improvement. More detailsListed by RE/MAX real estate central alberta- PATRICK GALESLOOT
- CENTURY 21 ADVANTAGE
- 1 (403) 3460021
- Contact by Email
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5 Fir Street in Red Deer: Fairview Retail for sale : MLS®# A2302618
5 Fir Street Red Deer T4N 4Y1
$550,000Commercial- Status:
- Active
- MLS® Num:
- A2302618
- Build. Type:
- Free-Standing
Urgent sale. Priced to sell at $550,000. Immediate possession available. Well-located commercial property in Red Deer on a high-exposure corner lot, surrounded by established residential communities. Recently renovated with approximately $200,000 invested, offering a clean and functional space with strong upside potential. The main floor can be divided into two separate units (previously configured as such), allowing for dual tenancy and diversified rental income. The basement provides additional space for storage or supplementary use. Income potential with flexible layout (buyer to verify): • $18 – $22 per sq.ft. (approx. $43,000 – $53,000/year) • Additional income potential from basement use • Potential cap rate in the 7% – 9% range The sale includes real estate and equipment. Inventory is extra. Business is optional. Property assessment value (2025): $522,200. Strong value – priced near assessed value. Zoned C3 – Neighbourhood Convenience Commercial, allowing for a wide range of permitted uses including retail, convenience store, grocery, restaurant, café, personal services, and professional or office uses (subject to municipal approval). Offering excellent potential for future redevelopment, site intensification, or repositioning. Ideal for investors, developers, or owner-users seeking long-term upside. Sold “as-is, where-is.” Firm sale only – no conditions. Price is fixed. Property Details: • Building: 2,400 sqft • Land: 16,553 sq.ft. (0.38 acre) • Zoning: C3 – Neighbourhood Convenience Commercial Please do not approach staff. All inquiries through listing agent. More detailsListed by RE/MAX Complete Realty- PATRICK GALESLOOT
- CENTURY 21 ADVANTAGE
- 1 (403) 3460021
- Contact by Email
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5 4608 62 Street in Red Deer: Riverside Light Industrial Park Industrial for sale : MLS®# A2300996
5 4608 62 Street Red Deer T4N 6T3
$275,000Commercial- Status:
- Active
- MLS® Num:
- A2300996
- Build. Type:
- Commercial Mix
Turn-key automotive shop, ready for service! This 1427 sq ft, single-overhead 12'x14' door w/ opener condo'd bay, located in Riverside Industrial. Featuring a main customer/counter space at the front, several common-area paved parking spots at the front, an exclusive fenced storage compound at the back, and more! A four-post and a two-post lift (tenants) are currently installed and might be able to be negotiated in the sale (with the tenant) along with other misc. equipment. Built in 1992 and in an. Excellent location in the Riverside Light district, within minutes from Gaetz Ave. and 67th Street, major arterial roads in Red Deer. Current tenancy ends in August 2026, but 60-day possession could be available. Radiant heat in the shop and forced air in the office make for a cozy and affordable option to do business out of. Additionally, there is approximately 500 SF of mezzanine space that's currently utilized for parts/storage or future office development if needed. Affordable condo fees of $292.01/month and taxes of $435.83/month, with all the amenities needed for your business to thrive in Riverside Industrial park, Red Deer Alberta! More detailsListed by Century 21 Advantage- PATRICK GALESLOOT
- CENTURY 21 ADVANTAGE
- 1 (403) 3460021
- Contact by Email
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5553 45 Avenue in Red Deer: Waskasoo Multi Family for sale : MLS®# A2296157
5553 45 Avenue Red Deer T4N 1L2
$919,000Commercial- Status:
- Active
- MLS® Num:
- A2296157
Great opportunity for the savvy investor! This well-maintained building features six 2-bedroom suites. Live in one suite while generating income from the others, or rent out all six units for strong cash flow. The roof was redone in 2010 with durable 2-ply torch-on roofing. Ideally located in an easily accessible neighborhood close to schools and just minutes from downtown, making for a convenient commute. Numerous building and unit upgrades have been completed over the years, including a hot water tank (2023) and boiler (2025). A solid investment opportunity you won’t want to miss! More detailsListed by CIR Realty- PATRICK GALESLOOT
- CENTURY 21 ADVANTAGE
- 1 (403) 3460021
- Contact by Email
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1 4768 Riverside Drive in Red Deer: Riverside Light Industrial Park Mixed Use for sale : MLS®# A2294685
1 4768 Riverside Drive Red Deer T4N 2N7
$599,000Commercial- Status:
- Active
- MLS® Num:
- A2294685
Located in Riverside Light Industrial Park, this 4,017 SF end unit is available for sale. The unit features a reception area and waiting room, a large showroom, multiple office/storage areas, a washroom, and a large shop with an overhead door. The yard is paved and gravel, fully fenced with one entrance, and shared with neighbouring businesses of the building. Paved parking is available directly in front of the unit. This central location offers excellent access to Gaetz Avenue North and South. More detailsListed by RE/MAX Commercial Properties- PATRICK GALESLOOT
- CENTURY 21 ADVANTAGE
- 1 (403) 3460021
- Contact by Email
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1 5108 52 Street in Red Deer: Downtown Red Deer Office for sale : MLS®# A2292583
1 5108 52 Street Red Deer T4N 6Y4
$214,900Commercial- Status:
- Active
- MLS® Num:
- A2292583
Turn-key 1,119 SF clinic/office condo in the Railyards/Downtown corridor. High-end finish: reception, 3 offices and boardroom, barrier-free washroom, millwork/glazing, LED, data cabling & zoned HVAC. Street-front signage + on-site parking. Steps to Gaetz Ave, Superstore; minutes to hospital & civic buildings. DC-28 zoning suits professional/medical/wellness uses. More detailsListed by Century 21 Maximum- PATRICK GALESLOOT
- CENTURY 21 ADVANTAGE
- 1 (403) 3460021
- Contact by Email
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1 5116 52 Street in Red Deer: Downtown Red Deer Mixed Use for sale : MLS®# A2292591
1 5116 52 Street Red Deer T4N 6Y4
$459,900Commercial- Status:
- Active
- MLS® Num:
- A2292591
Discover a prime commercial condo located in the heart of downtown Red Deer. Centrally positioned this 2-storey unit provides excellent visibility and easy access for clients and staff. This unit features 1,904 sq ft on the ground floor and 713 sq ft on the second floor. The large reception area features a built-in desk and plenty of natural light to greet your clients. There are 2 large open areas, 6 separate office/storage spaces, a washroom and staff area on the main floor. Up top, is a washroom, laundry room with shower and 2 separate offices. Plenty of space to be reconfigured to accommodate your business’s unique needs. Come and view it today! More detailsListed by RE/MAX real estate central alberta- PATRICK GALESLOOT
- CENTURY 21 ADVANTAGE
- 1 (403) 3460021
- Contact by Email
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203 5116 52 Street in Red Deer: Downtown Red Deer Retail for sale : MLS®# A2290885
203 5116 52 Street Red Deer T4N 6Y4
$299,000Commercial- Status:
- Active
- MLS® Num:
- A2290885
- Build. Type:
- Mixed Use
Turn-key Downtown Red Deer commercial condo, bay 2,359 ft², DC-28 zoning, fully refreshed in 2022. Bright second-floor space now laid out with a large open area, full wall of windows, 6 separate rooms/spaces, an open studio/showroom, kitchenette, washroom and a newly built reception area. Electrical rough-ins make it easy to subdivide into up to five private rooms. Recent upgrade includes a $12 k rooftop HVAC unit and modern flooring/fixtures. Super low condo fees work out cheaper than most downtown area leases. DC-28 zoning welcomes medical/wellness, salon & esthetics, boutique retail, professional office or training uses. Quick possession available. Call for more information. More detailsListed by REMAX Innovations- PATRICK GALESLOOT
- CENTURY 21 ADVANTAGE
- 1 (403) 3460021
- Contact by Email
Data was last updated May 14, 2026 at 06:05 PM (UTC)
Advantage Commercial
Office Address:
#203, 4807 - 50 AVE
Red Deer, AB, T4N 4A5