4611 50 Street Red Deer, AB T4N 2C2
Listing Courtesy of: PILLAR 9 - IDX / Grand Realty

  4611 50 Street Red Deer, AB T4N 2C2

Active (32 Days)
$1,141,938 (USD)
8,488
SQFT
See Similar Listings

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®:
A2258892
Lot Size
0.29 acres
Type
Multifamily
Year Built
1978
County
Red Deer County

Listed By

Yu Jing Li, Grand Realty
Source
PILLAR 9 - IDX
Last checked Oct 27 2025 at 5:46 AM EDT
Bathroom Details
Interior Features
  • Appliances : Refrigerator
  • Appliances : Electric Stove
  • Appliances : Washer/Dryer
Subdivision
  • Parkvale
Lot Information
  • Square Shaped Lot
Property Features
  • Fireplace: Total Fireplace(s) : 0
Parking
  • Parking Space(s) : 8
Stories
  • 2
Living Area
  • 8,488 sqft
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Disclaimer: Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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