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101-306 5812 57 Avenue in Red Deer: Riverside Meadows Apartment for sale : MLS®# A2355988

101-306 5812 57 Avenue Red Deer T4N 4S4 : Riverside Meadows

Main Photo: 101-306 5812 57 Avenue in Red Deer: Riverside Meadows Apartment for sale : MLS®# A2355988banner
$2,378,300
Prop. Type:
Multi-Family
MLS® Num:
A2355988
Status:
Active
Year Built:
1980
INVESTORS! Take advantage of the strong rental market with a building that already has been strata titled (17 Individual titles) for future upside. This sharp looking well cared for 17 suite apartment building close to the Red Deer River has had many recent exterior upgrades, including Hardy Plank siding (2023), windows (2023), facia and soffits (2023), exterior LED lighting (2023). All suites have various had upgrades as needed. The suite mix is 9-1 bedroom, 4 2-bedroom and 4 Bachelor suites. Bachelor suites are same size as one bedrooms, just missing a wall. Servicing the tenants is a large laundry room with 2 Coin-o-Matic washers and 2 dryers, as well as a stocked library as they wait for the cycle. The rear parking pad is paved with 20 stalls, off street parking in the front of building is also available. Building has a pitched roof with asphalt shingles. Tenants all pay their power with the exception of one site that is on the common meter. Rents in the building are conservative and could be adjusted upward.
Property Type:
Multi-Family
Property Sub Type:
Apartment
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
Apartment-Single Level Unit
Total Living Area:
Switch units of measure8,412 sq. ft.
Main Level Finished Area:
Switch units of measure4,212 sq. ft.
Upper Level Finished Area:
Switch units of measure4,212 sq. ft.
Lower Level Finished Area:
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Above Grade Finished Area:
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Below Grade Finished Area:
Switch units of measure4,212 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
Switch units of measure624 sq. ft.
Lot Frontage:
Switch units of measure124'
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:
Stories Total:
3
Year built:
1980 (Age: 46)
Bathrooms:
- (Full:-, Half:-)
Plan:
0740377
Heating:
Boiler, Natural Gas, Zoned
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Mixed
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Vinyl Plank
Garage:
No
Parking Places:
20
Parking Total/Covered:
20 / -
Riverside Meadows (Red Deer)
Dishwasher, Electric Stove, Refrigerator
NONE
None Known
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Red Deer
Zoning:
R-L
Listed Date:
Oct 30, 2026
Days on Mkt:
Listed by RCR - Royal Carpet Realty Ltd.
Data was last updated November 10, 2026 at 02:05 PM (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.