$3,500,000
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4746 55 Street, Red Deer, AB T4N 2J1

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Excellent opportunity to acquire a well-maintained 24-unit apartment complex offering strong in-place income with upside potential. The property consists of 6 two-bedroom units, 14 one-bedroom units, and 4 bachelor suites each individually metered for electricity. Capital improvements include a new roof (2018) and a new boiler heating system (2025). Many suites have updated flooring and appliances, and the property has been diligently cared for with consistent maintenance, paint and cleaning. The building features 24 surface parking stalls, each with electrical outlets. Conveniently located near the river, public transit, schools, and shopping, this property appeals to a broad tenant base. With solid current cash flow and market rent growth potential, this is a turnkey investment with additional opportunity for value-add repositioning.

Listing By: Tyler Remington - Real Broker cnpilar Realty.com
  • MLS® A2312434
  • Date Listed05/19/2026
  • Days on Realty 133 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.46 acres (20,000 sq. ft)
  • Subdivision Downtown Red Deer
  • County Red Deer
  • Year Built 1975

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.46
  • Lot Size SQFT 20,000.00
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T4N 2J1

Discover key demographics, population statistics, and environmental insights for the Red Deer, AB area.

Walkability in AB / T4N 2J1

Source: Walk Score

96/100

Walker's Paradise

Walk Score ®

49/100

Some Transit

Transit Score ®

62/100

Bikable

Bike Score ®

Overview

Daily errands do not require a car. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

22 nearby routes: 22 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 38/100, Transit Score: 31/100, Bike Score: 46/100.

Points of Interest near 4746 55 Street, Red Deer, AB T4N 2J1

Frequently Asked Questions for 4746 55 Street

Source: Realty.com

4746 55 Street, Red Deer, AB T4N 2J1 in Downtown Red Deer, Red Deer, AB T4N 2J1 is a multi family listed at $3,500,000. Highlights include built in 1975, 0.46 acre lot. Realty.ca has 19 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 19 photos of 4746 55 Street.

Our records indicate that 4746 55 Street was built in 1975.

The full address for this home is 4746 55 Street, Red Deer, AB T4N 2J1.

4746 55 Street has been listed on Realty.com since Tue May 19, 2026

Daily errands do not require a car. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 38/100, Transit Score: 31/100, Bike Score: 46/100.

Listing provided courtesy of: Real Broker (tel: 855-623-6900)
Listing agent: Tyler Remington (tel: 403-808-5950)

This content last refreshed on 2026-09-29 11:58:33. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.