$289,900Est. $1,269/mo
213 Jenkins Drive
Johnstone Park, Red Deer
3 Beds2 Baths888 sq ft
Listing Courtesy Of Century 21 Maximum
Bungalow · Townhouse · Finished Basement
Corridor Real Estatecorridorrealestate.ca
5101 50 Avenue
Downtown, Red Deer, AB
$389,900
11,897 Sq Ft · Detached · Built 1947
**DOWNTOWN RED DEER MIXED-USE INVESTMENT OPPORTUNITY!** Located at 5101 50 Avenue in the heart of Red Deer, this established income-property opportunity offers investors a compelling entry point into downtown commercial real estate at an attractive $389,900 asking price.The property combines commercial and residential rental components, providing an opportunity to diversify rental income within a single investment. Municipal records identify approximately 11,897 square feet of building area on a 6,500 square foot parcel, with C-1 zoning that supports a variety of downtown commercial uses, subject to municipal approval.Built in 1947, this established downtown property offers existing rental operations together with potential opportunities for repositioning, improved operating efficiencies and long-term value creation. Its central location places the property within Red Deer's downtown business district, with access to surrounding commercial services, businesses and residential neighbourhoods.For investors prepared to assess the existing tenancy, building condition and operating structure, the property offers an opportunity to pursue a value-add strategy at a relatively accessible acquisition price. Commercial and residential rent rolls and historical operating information are available for qualified purchaser review.Offered for sale as is, with possession subject to existing tenancies. Whether expanding an investment portfolio or exploring the potential of an established downtown mixed-use property, 5101 50 Avenue deserves consideration. (id:67953)
- MLS® Number
- A2352910
- Lot
- 6500 sqft
- Year Built
- 1947
- Days On Market
- 27
MLS® A2352910 · Listing Courtesy Of Patrick Galesloot, Century 21 Advantage. Corridor Real Estate is not the listing brokerage. Information deemed reliable but not guaranteed. REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
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5101 50 Avenue
Red Deer, AB
- 11,897
- Sq Ft
- Commercial
- Type
Built 1947 · 6500 sqft
$41,900 above the Downtown benchmark of $348,000
About This Home
**DOWNTOWN RED DEER MIXED-USE INVESTMENT OPPORTUNITY!** Located at 5101 50 Avenue in the heart of Red Deer, this established income-property opportunity offers investors a compelling entry point into downtown commercial real estate at an attractive $389,900 asking price.The property combines commercial and residential rental components, providing an opportunity to diversify rental income within a single investment. Municipal records identify approximately 11,897 square feet of building area on a 6,500 square foot parcel, with C-1 zoning that supports a variety of downtown commercial uses, subject to municipal approval.Built in 1947, this established downtown property offers existing rental operations together with potential opportunities for repositioning, improved operating efficiencies and long-term value creation. Its central location places the property within Red Deer's downtown business district, with access to surrounding commercial services, businesses and residential neighbourhoods.For investors prepared to assess the existing tenancy, building condition and operating structure, the property offers an opportunity to pursue a value-add strategy at a relatively accessible acquisition price. Commercial and residential rent rolls and historical operating information are available for qualified purchaser review.Offered for sale as is, with possession subject to existing tenancies. Whether expanding an investment portfolio or exploring the potential of an established downtown mixed-use property, 5101 50 Avenue deserves consideration. (id:67953)
Property Details
- MLS® Number
- A2352910
- Lot
- 6500 sqft
- Year Built
- 1947
- Days On Market
- 27
From Above
The Neighbourhood
Living In Downtown
ExploreCentral Red Deer living close to shops, cafés and services.
Benchmark home price$348,000
Average days on market41 Days
Active homes for sale17
Year-over-year change+6%
For Families
Schools Near This Home
- Lindsay Thurber Comprehensive High
- Hunting Hills High School
- École Notre Dame High
- Red Deer Polytechnic
These are the schools serving Red Deer. Catchments shift now and then, so it's worth a quick check with the school division for this exact address.
Listing Courtesy Of
Century 21 Advantage
Patrick Galesloot
MLS® A2352910 · 27 Days On Market
Listing information is provided by the listing brokerage and is deemed reliable but not guaranteed. Corridor Real Estate is not the listing brokerage. Listing data on this site is provided through CREA's DDF® by Cooper Jones, REALTOR®, Coldwell Banker OnTrack Realty, a member of The Canadian Real Estate Association, who is responsible for this website's listing content. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. REALTOR.ca Canada Inc. reproduces and distributes this information as a service for its members and neither CREA nor REALTOR.ca Canada Inc. assumes responsibility for its accuracy. REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Terms Of Use
$389,900
Est. $1,707/mo
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