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6323 59 Avenue in Red Deer: Highland Green Estates 4 plex for sale : MLS®# A2279308

6323 59 Avenue Red Deer T4N 5P9 : Highland Green Estates

Main Photo: 6323 59 Avenue in Red Deer: Highland Green Estates 4 plex for sale : MLS®# A2279308banner
$650,000
Prop. Type:
Multi-Family
MLS® Num:
A2279308
Status:
Active
Year Built:
1974
This WELL-MAINTAINED 4-PLEX in Highland Green offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67,668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5,639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
Switch units of measure1,806 sq. ft.
Lower Level Finished Area:
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Above Grade Finished Area:
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Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
Switch units of measure7,257 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:
Year built:
1974 (Age: 52)
Bathrooms:
- (Full:-, Half:-)
Plan:
3251TR
Heating:
Central, Forced Air, Natural Gas
Basement:
Full, Finished
Foundation:
Poured Concrete
Structure Type:
Four Plex
Ensuite:
No
Cooling:
None
Garage:
No
Parking:
Alley Access, Off Street, Stall
Parking Places:
5
Parking Total/Covered:
5 / -
Highland Green Estates (Red Deer)
Dryer, Electric Stove, Refrigerator, Washer, Window Coverings
n/a
None Known
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Red Deer
Zoning:
R-M
Listed Date:
Jan 14, 2026
Days on Mkt:
Listed by Real Broker
Data was last updated January 18, 2026 at 08:05 AM (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.