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5805 56 Avenue in Red Deer: Riverside Meadows 4 plex for sale : MLS®# A2294887

5805 56 Avenue Red Deer T4N 4P9 : Riverside Meadows

Main Photo: 5805 56 Avenue in Red Deer: Riverside Meadows 4 plex for sale : MLS®# A2294887banner
$658,000
Prop. Type:
Multi-Family
MLS® Num:
A2294887
Status:
Active
Year Built:
1976
Turnkey 4-Plex Investment Opportunity in Red Deer Excellent opportunity to own a fully renovated 4-plex multifamily property in Red Deer, ideal for investors seeking strong rental income and minimal maintenance. This property features three 2-bedroom units and one 1-bedroom unit, all extensively updated with modern finishes. Each unit has been fully renovated, including new kitchens with quartz countertops and stainless steel appliances, updated interiors, and modern fixtures throughout. Two units feature durable vinyl plank flooring, while the other two offer new carpet, creating comfortable and attractive living spaces for tenants. Major building updates include newer windows, refreshed interiors, and a roof approximately 5 years old, providing peace of mind for years to come. Approximately $50,000–$60,000 in renovations have been invested into the property. The building also offers four dedicated parking stalls for tenant convenience. Currently 100% occupied with tenants, making this a true turnkey income property with immediate cash flow. With its modern upgrades, strong tenant demand, and solid location in Red Deer, this property represents a fantastic long-term investment opportunity.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
Switch units of measure1,510 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 measure6,250 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:
1976 (Age: 50)
Bathrooms:
- (Full:-, Half:-)
Plan:
2800AJ
Structure Type:
Four Plex
Ensuite:
No
Garage:
No
Parking Places:
4
Parking Total/Covered:
4 / -
Riverside Meadows (Red Deer)
Microwave Hood Fan, Refrigerator, Stove(s)
4 Microwave Hood fans, 4 Electric stoves, 4 Refrigerators, washer, dryer
None Known
Title to Land:
Fee Simple
Lot Features:
Corner Lot, Rectangular Lot
Num. of Parcels:
0
Region:
Red Deer
Zoning:
R-L
Listed Date:
Mar 19, 2026
Days on Mkt:
Listed by Real Broker
Data was last updated May 26, 2026 at 06:05 AM (UTC)
TRACEY CHRISTENSEN
JAKE CHRISTENSEN
AlbertaHomeFinder.com
Tracey Christensen:403-348-9822
Jake Christensen:403-348-9202
2, 4405-52 Avenue
Red Deer, Alberta
T4N 6S4 Canada
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.