5805 56 AVE, Red Deer, AB T4N4P9
5805 56 AVE, Red Deer, AB T4N4P9
5805 56 AVE, Red Deer, AB T4N4P9
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Joanna Wood

Joanna Wood

+1(403) 836-4442
$679,900
Est. payment /mo
1,510 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Pending

Purchase Type For Sale

Approx. Sqft 1510.0

Square Footage 1,510 sqft

Price per Sqft $450

Subdivision Riverside Meadows

MLS Listing ID A2294887

Year Built 1976

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type 4 plex

Property Description

Turnkey 4-Plex Investment Opportunity in Red Deer

Excellent opportunity to own a fully renovated 4-plex multifamily property in Red Deer,ideal for investors seeking strong rental income and minimal maintenance. This property features three 2-bedroom units and one 1-bedroom unit,all extensively updated with modern finishes.

Each unit has been fully renovated,including new kitchens with quartz countertops and stainless steel appliances,updated interiors,and modern fixtures throughout. Two units feature durable vinyl plank flooring,while the other two offer new carpet,creating comfortable and attractive living spaces for tenants.

Major building updates include newer windows,refreshed interiors,and a roof approximately 5 years old,providing peace of mind for years to come. Approximately $50,000–$60,000 in renovations have been invested into the property.

The building also offers four dedicated parking stalls for tenant convenience.

Currently 100% occupied with tenants,making this a true turnkey income property with immediate cash flow. With its modern upgrades,strong tenant demand,and solid location in Red Deer,this property represents a fantastic long-term investment opportunity.

Location

Province AB

Zoning R-L

Interior

Inclusions 4 Microwave Hood fans, 4 Electric stoves, 4 Refrigerators, washer, dryer

Fireplace No

Appliance Microwave Hood Fan, Refrigerator, Stove(s)

Exterior

Total Parking Spaces 4

Garage No

Building

Lot Description Corner Lot, Rectangular Lot

Dwelling Type Four Plex

Others

Restrictions None Known

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Listed by Real Broker

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Joanna Wood
Joanna Wood

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+1(403) 836-4442

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5805 56 AVE

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