3731 50 Avenue, Red Deer

2026-10-14

3731 50 Avenue, Red Deer, Alberta

15513 ft²
For Sale Business
$6,590,000

MLS®#A2293080

A rare high-yield commercial investment located directly within the growth corridor surrounding the Red Deer Regional Hospital Centre Redevelopment — one of Alberta’s largest healthcare infrastructure upgrades. This major provincial investment is expected to significantly increase demand for medical, professional, hospitality, and mixed-use development in the immediate area, directly benefiting this property’s long-term value.The site is 1.94 acres within the C4 – Major Arterial Commercial Zone, fully leased to three stable tenants: a Japanese restaurant, a bakery & café, and a bar & lounge, generating net rental income of $374,524/Y. The building was originally constructed in 1962, with substantial renovations completed in 1998–1999, 2005, 2008, and 2014, ensuring ongoing functionality and tenant appeal.A major advantage of this offering is the large portion of vacant land included on the site. This additional land provides exceptional potential for future development, including:-Medical-professional centre supporting the expanding hospital district,-Rental condominium or apartment complex,-Mixed-use commercial with residential above, Specialized healthcare services or clinics,- Underground parking or walkout-level development, enabled by the site’s natural grade,The property’s topography offers an ideal foundation for walkout basements and subterranean facilities, reducing construction complexity and enhancing design flexibility.The C4 district is intended for high-visibility, high-traffic commercial uses along major transportation corridors. It supports businesses that benefit from strong exposure and easy access.C4 – Major Arterial Commercial Zone OverviewThis zone is designed to accommodate high-traffic commercial developments along major roadways. It typically supports businesses that benefit from visibility and accessibility.-Permitted Uses: Retail stores and service shops, Restaurants and cafes, Hotels and motels, financial institutions, Medical a nd professional offices, Automotive sales and service, (id:32467)

Building Business
Rooms
Bedrooms
Bathrooms 0
Square Footage 15513 ft²
Built in 1962
Parking Type
Neighbourhood Red Deer

How much could you save on commission?

How much could you save in commission selling with One Percent Realty?

Slide to select your home's price

$500,000

$300,000 $3,000,000

Your One Percent Realty
Commission savings†

$500,000

† Saving calculated using a sample cooperating commission of 1% to the buyer's agent compared to other agents charging 7% on the first $100,000 & 3% on the balance. There is no standard industry commission and cooperating commission options can be discussed with your agent.

Send a Message

One Percent Realty's top FAQs

Q.
What is the deal exactly, with One Percent Realty?

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.

Q.
What do you charge?

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.

Q.
Are your listings on MLS® and realtor.ca?

Yes. Your property receives full MLS® exposure and appears on REALTOR.ca just like listings from traditional brokerages.

Learn more about the 1% Deal
Bhavya
Bhavya Soni

Associate

Opendreamdoorswithbhavya@gmail.com

7807070479

Support Area:
Edmonton,Beaumont,Fort Saskatchewan,Spruce Grove,Stony Plain,Sherwood Park,St Albert,Millet,Wetaskiwin,Calmar,Devon,Morinville,Westlock County,Red Deer,Rimbey,Athabasca,Leduc,Falun,Ponoka,Lacombe,Camrose,Thorby,Drayton Valley
Bhavya Soni is one of the top performing full-time agents of One Percent Realty. Her name has been published TWICE, first as #5 agent in the "TOP 10 AGENTS IN EDMONTON 2024" & #10 agent in the "TOP 10 AGENTS IN EDMONTON 2025" while being pregnant with her first child...
Full Profile