4611 50 Street, Red Deer

2026-03-23
 

Quick Summary

Location
4611 50 Street, Red Deer, Alberta T4N2C2
Price
$1,399,000 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
8488 sqft
Garages:
8
Year of Construction:
1978

MLS®#A2295424

Property 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. $9000/month is the rent income. We have tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities. (id:32467)

Property Features

Building

  • Appliances: Refrigerator, Stove, Washer & Dryer
  • Construction Style: Attached
  • Fireplace: No
  • Interior Size: 8488 sqft
  • Building Type: Multi-Family
  • Stories: 2

Land

  • Land Size: 12450 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)

Ownership

  • Type: Freehold

Zoning

  • Description: R-D

Information entered by Grand Realty
Listing information last updated on: 2026-05-29 19:22:23


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At One Percent Realty, we offer full real estate service while helping sellers reduce the amount they pay in commission fees. In terms of service, marketing, and exposure, we are comparable to traditional real estate brokerages. Your property is listed on MLS®, REALTOR.ca, and other major real estate websites. We provide professional marketing, signage (where permitted), showings, open houses, negotiation services, contract management, and guidance from listing to possession day. The difference is simple: you receive full professional service without paying unnecessarily high commissions.

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For residential properties priced at $500,000 and under, we charge a flat fee of $5,000 plus GST. For residential properties over $500,000, we charge 1% of the sale price plus GST. The seller decides what they wish to offer the buyer’s agent, starting with an equal commission of 1%. For commercial properties, farms, or development opportunities, please contact us directly for a customized consultation.

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