$645,000
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5805 56 Avenue, Red Deer, AB T4N4P9

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- Beds
0 Baths
140 Sq Ft

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.

Listing By: Nabil Noorani - Real Broker cnpilar Realty.com
  • MLS® A2294887
  • Date Listed03/19/2026
  • Days on Realty 79 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.14 acres (6,250 sq. ft)
  • Subdivision Riverside Meadows
  • County Red Deer
  • Year Built 1976
  • Square Feet 140 sq. ft
  • Price Per Sq. Ft $4597.95

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.14
  • Lot Size SQFT 6,250.00
  • Lot Features Corner Lot, Rectangular Lot

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T4N4P9

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

Walkability in AB / T4N4P9

Source: Walk Score

76/100

Very Walkable

Walk Score ®

43/100

Some Transit

Transit Score ®

59/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

20 nearby routes: 20 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: 45/100.

Points of Interest near 5805 56 Avenue, Red Deer, AB T4N4P9

Frequently Asked Questions for 5805 56 Avenue

Source: Realty.com

5805 56 Avenue, Red Deer, AB T4N4P9 in Riverside Meadows, Red Deer, AB T4N4P9 is a quadruplex listed at $645,000. Highlights include 140 sq. ft., built in 1976, 0.14 acre lot, $4,598 per sq. ft.. Realty.ca has 16 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 16 photos of 5805 56 Avenue.

Our records indicate that 5805 56 Avenue was built in 1976.

The full address for this home is 5805 56 Avenue, Red Deer, AB T4N4P9.

5805 56 Avenue has been listed on Realty.com since Thu March 19, 2026

Most errands can be accomplished on foot. 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: 45/100.

Listing provided courtesy of: Real Broker (tel: 855-623-6900)
Listing agent: Nabil Noorani (tel: 855-623-6900)

This content last refreshed on 2026-06-06 19:30:14. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.