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4611 50 Street: Red Deer Row/Townhouse for sale : MLS®# A2258892

4611 50 Street Red Deer T4N 2C2 : Red Deer

Main Photo: 4611 50 Street: Red Deer Row/Townhouse for sale : MLS®# A2258892
$1,599,000
Prop. Type:
Multi-Family
MLS® Num:
A2258892
Status:
Active
Year Built:
1978
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. $8150/month is the rent income. We have some tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities.
Property Type:
Multi-Family
Property Sub Type:
Row/Townhouse
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
Switch units of measure8,488 sq. ft.
Lower Level Finished Area:
Switch units of measure
Above Grade Finished Area:
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Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
Switch units of measure12,450 sq. ft.
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
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Acres Not Cultivated:
Acres Freehold:
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Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
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Reg. Size Includes:
Levels:
Two
Year built:
1978 (Age: 47)
Bathrooms:
- (Full:-, Half:-)
Plan:
9320094
Structure Type:
Other
Ensuite:
No
Garage:
No
Parking Places:
8
Parking Total/Covered:
8 / -
Parkvale (Red Deer)
Electric Stove, Refrigerator, Washer/Dryer
-
None Known
Title to Land:
Fee Simple
Lot Features:
Square Shaped Lot
Num. of Parcels:
0
Region:
Red Deer
Zoning:
R-D
Listed Date:
Sep 25, 2025
Days on Mkt:
Listed by Grand Realty
Data was last updated November 4, 2025 at 06:05 PM (UTC)
TRACEY CHRISTENSEN
JAKE CHRISTENSEN
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
AlbertaHomeFinder.com
Tracey Christensen:403-348-9822
Jake Christensen:403-348-9202
2, 4405-52 Avenue
Red Deer, Alberta
T4N 6S4 Canada
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.