$389,900
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5101 50 Avenue, Red Deer, AB T4N 4B3

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**DOWNTOWN RED DEER MIXED-USE INVESTMENT OPPORTUNITY!** Located at 5101 50 Avenue in the heart of Red Deer, this established income-property opportunity offers investors a compelling entry point into downtown commercial real estate at an attractive $389, 900 asking price. The property combines commercial and residential rental components, providing an opportunity to diversify rental income within a single investment. Municipal records identify approximately 11, 897 square feet of building area on a 6, 500 square foot parcel, with C-1 zoning that supports a variety of downtown commercial uses, subject to municipal approval. Built in 1947, this established downtown property offers existing rental operations together with potential opportunities for repositioning, improved operating efficiencies and long-term value creation. Its central location places the property within Red Deer's downtown business district, with access to surrounding commercial services, businesses and residential neighbourhoods. For investors prepared to assess the existing tenancy, building condition and operating structure, the property offers an opportunity to pursue a value-add strategy at a relatively accessible acquisition price. Commercial and residential rent rolls and historical operating information are available for qualified purchaser review. Offered for sale as is, with possession subject to existing tenancies. Whether expanding an investment portfolio or exploring the potential of an established downtown mixed-use property, 5101 50 Avenue deserves consideration.

Listing By: Patrick Galesloot - Century 21 Advantage cnpilar Realty.com
  • MLS® A2352910
  • Date Listed10/16/2026
  • Days on Realty 20 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.15 acres (6,500 sq. ft)
  • Subdivision Downtown Red Deer
  • County Red Deer
  • Year Built 1947

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.15
  • Lot Size SQFT 6,500.00
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T4N 4B3

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

Walkability in AB / T4N 4B3

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: 37/100, Transit Score: 31/100, Bike Score: 43/100.

Points of Interest near 5101 50 Avenue, Red Deer, AB T4N 4B3

Frequently Asked Questions for 5101 50 Avenue

Source: Realty.com

5101 50 Avenue, Red Deer, AB T4N 4B3 in Downtown Red Deer, Red Deer, AB T4N 4B3 is a mixed use listed at $389,900. Highlights include built in 1947, 0.15 acre lot. Realty.ca has 35 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 35 photos of 5101 50 Avenue.

Our records indicate that 5101 50 Avenue was built in 1947.

The full address for this home is 5101 50 Avenue, Red Deer, AB T4N 4B3.

5101 50 Avenue has been listed on Realty.com since Fri October 16, 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: 37/100, Transit Score: 31/100, Bike Score: 43/100.

Listing provided courtesy of: Century 21 Advantage (tel: 403-346-0021)
Listing agent: Patrick Galesloot (tel: 403-357-9142)

This content last refreshed on 2026-11-05 15:59:30. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.