14 m
Distance
A rare high-yield commercial investment located directly within the growth corridor surrounding the Red Deer Regional Hospital Centre Redevelopment one of Albertas largest healthcare infrastructure upgrades. This major provincial investment is expected to significantly increase demand for medical, professional, hospitality, and mixed-use development in the immediate area, directly benefiting this propertys long-term value. The site is 1.94 acres within the C4 Major Arterial Commercial Zone, fully leased to three stable tenants: a Japanese restaurant, a bakery & caf, and a bar & lounge, generating net rental income of $374, 524/Y. The building was originally constructed in 1962, with substantial renovations completed in 19981999, 2005, 2008, and 2014, ensuring ongoing functionality and tenant appeal. A major advantage of this offering is the large portion of vacant land included on the site. This additional land provides exceptional potential for future development, including: -Medical-professional centre supporting the expanding hospital district, -Rental condominium or apartment complex, -Mixed-use commercial with residential above, Specialized healthcare services or clinics, - Underground parking or walkout-level development, enabled by the sites natural grade, The propertys topography offers an ideal foundation for walkout basements and subterranean facilities, reducing construction complexity and enhancing design flexibility. The C4 district is intended for high-visibility, high-traffic commercial uses along major transportation corridors. It supports businesses that benefit from strong exposure and easy access. C4 Major Arterial Commercial Zone Overview This zone is designed to accommodate high-traffic commercial developments along major roadways. It typically supports businesses that benefit from visibility and accessibility. -Permitted Uses: Retail stores and service shops, Restaurants and cafes, Hotels and motels, financial institutions, Medical and professional offices, Automotive sales and service
Listing By: Francis Lee - MaxWell Canyon Creek 
- MLS® A2293080
- Date Listed10/13/2026
- Days on Realty 23 Days
- Bedrooms -
- Bathrooms
- Lot Size 1.94 acres (84,506 sq. ft)
- Subdivision Waskasoo
- County Red Deer
- Year Built 1962
Exterior / Lot Features
- Roof -
- Lot Size Acres 1.94
- Lot Size SQFT 84,506.00
- Lot Features -
Sales & Tax History
Source: Public Records
Local Neighborhood Highlights for T4N 1V9
Discover key demographics, population statistics, and environmental insights for the Red Deer, AB area.
37/100
Car-Dependent
Walk Score ®
29/100
Some Transit
Transit Score ®
45/100
Bikable
Bike Score ®
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 37/100, Transit Score: 29/100, Bike Score: 45/100.
Points of Interest near 3731 50 Avenue, Red Deer, AB T4N 1V9
Frequently Asked Questions for 3731 50 Avenue
Source: Realty.com
3731 50 Avenue, Red Deer, AB T4N 1V9 in Waskasoo, Red Deer, AB T4N 1V9 is a retail listed at $6,590,000. Highlights include built in 1962, 1.94 acre lot. Realty.ca has 2 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 2 photos of 3731 50 Avenue.
Our records indicate that 3731 50 Avenue was built in 1962.
The full address for this home is 3731 50 Avenue, Red Deer, AB T4N 1V9.
3731 50 Avenue has been listed on Realty.com since Tue October 13, 2026
The average walkability score in the surrounding area is Walk Score: 37/100, Transit Score: 29/100, Bike Score: 45/100.
Listing provided courtesy of:
MaxWell Canyon Creek
(tel: 403-278-8899)
Listing agent:
Francis Lee
(tel: 403-680-6130)
This content last refreshed on 2026-11-05 10:57:21. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.