4611 50 Street, Red Deer, Alberta
$1,599,000
8,488
SqFT
1978
Year Built
About MLS® A2258892
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.
Love where you Liv! Request a showing of 4611 50 Street. This Multi-Family home is listed at $1,599,000, with 8,488 square feet of space and was built in 1978.
Features of 4611 50 Street, Red Deer
| MLS® # | A2258892 |
|---|---|
| Price | $1,599,000 |
| Bathrooms | 0.00 |
| Square Footage | 8,488 |
| Acres | 0.29 |
| Year Built | 1978 |
| Type | Multi-Family |
| Sub-Type | Row/Townhouse |
| Status | Active |
Community Information
| Address | 4611 50 Street |
|---|---|
| Community | Parkvale |
| City | Red Deer |
| County | Red Deer |
| Province | Alberta |
| Postal Code | T4N 2C2 |
Amenities of 4611 50 Street, Red Deer
| Parking Spaces | 8 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior of MLS® A2258892
| Appliances | Electric Stove, Refrigerator, Washer/Dryer |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior of 4611 50 Street, Red Deer
| Lot Description | Square Shaped Lot |
|---|
Additional Information of 4611 50 Street, Red Deer
| Date Listed | September 25th, 2025 |
|---|---|
| Days on Market | 16 |
| Zoning | R-D |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Grand Realty |
|---|