$389,900Est. $1,707/mo
5101 50 Avenue
Downtown, Red Deer
11,897 sq ft
Listing Courtesy Of Century 21 Advantage
Commercial
Corridor Real Estatecorridorrealestate.ca
101-306, 5812 57 Avenue
Riverside Meadows, Red Deer, AB
$2,378,300
8,412 Sq Ft · Condo · Built 1980
INVESTORS! Take advantage of the strong rental market with a building that already has been strata titled (17 Individual titles) for future upside. This sharp looking well cared for 17 suite apartment building close to the Red Deer River has had many recent exterior upgrades, including Hardy Plank siding (2023), windows (2023), facia and soffits (2023), exterior LED lighting (2023). All suites have various had upgrades as needed. The suite mix is 9-1 bedroom, 4 2-bedroom and 4 Bachelor suites. Bachelor suites are same size as one bedrooms, just missing a wall. Servicing the tenants is a large laundry room with 2 Coin-o-Matic washers and 2 dryers, as well as a stocked library as they wait for the cycle. The rear parking pad is paved with 20 stalls, off street parking in the front of building is also available. Building has a pitched roof with asphalt shingles. Tenants all pay their power with the exception of one site that is on the common meter. Rents in the building are conservative and could be adjusted upward. (id:67953)
- MLS® Number
- A2355988
- Parking
- 20
- Lot
- 624 sqft
- Year Built
- 1980
- Days On Market
- 13
MLS® A2355988 · Listing Courtesy Of Brad Granlund, RCR - Royal Carpet Realty Ltd.. 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.
1 / 48
$2,378,300
Est. $10,415/mo · 20% Down, 25 Years101-306, 5812 57 Avenue
Red Deer, AB
- 8,412
- Sq Ft
- Condo
- Type
Built 1980 · 624 sqft
$1,975,300 above the Riverside Meadows benchmark of $403,000
About This Home
INVESTORS! Take advantage of the strong rental market with a building that already has been strata titled (17 Individual titles) for future upside. This sharp looking well cared for 17 suite apartment building close to the Red Deer River has had many recent exterior upgrades, including Hardy Plank siding (2023), windows (2023), facia and soffits (2023), exterior LED lighting (2023). All suites have various had upgrades as needed. The suite mix is 9-1 bedroom, 4 2-bedroom and 4 Bachelor suites. Bachelor suites are same size as one bedrooms, just missing a wall. Servicing the tenants is a large laundry room with 2 Coin-o-Matic washers and 2 dryers, as well as a stocked library as they wait for the cycle. The rear parking pad is paved with 20 stalls, off street parking in the front of building is also available. Building has a pitched roof with asphalt shingles. Tenants all pay their power with the exception of one site that is on the common meter. Rents in the building are conservative and could be adjusted upward. (id:67953)
Property Details
- MLS® Number
- A2355988
- Parking
- 20
- Lot
- 624 sqft
- Year Built
- 1980
- Days On Market
- 13
Features
- Storeys: 3
- Heating: Other
- Appliances: Refrigerator, Dishwasher, Stove
From Above
The Neighbourhood
Living In Riverside Meadows
ExploreEstablished Red Deer streets with mature trees, nearby schools and settled family homes.
Benchmark home price$403,000
Average days on market46 Days
Active homes for sale22
Year-over-year change+5.3%
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
RCR - Royal Carpet Realty Ltd.
Brad Granlund
MLS® A2355988 · 13 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
$2,378,300
Est. $10,415/mo
More in Red Deer
Compare With Similar Homes
$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
$224,900Est. $985/mo
107, 4805 45 Street
Downtown, Red Deer
2 Beds1 Baths933 sq ft
Listing Courtesy Of Century 21 Maximum
Condo · Heated Garage
A stronger tomorrow
Discover More Of Red Deer
Schools, parks, benchmark prices and every neighbourhood in one place.