$1,595,000
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501, 5002 55Th Street, Red Deer, AB T4N 7A4

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3 Beds
3 Baths
484 Sq Ft

A rare offering of uncompromising luxury, this extraordinary signature penthouse residence at Elements at the River is one of Red Deers most prestigious homes. Perfectly positioned along the banks of the Red Deer River, this remarkable residence blends timeless elegance with contemporary sophistication, creating an unparalleled lifestyle reserved for the discerning buyer. Encompassing over 5, 300 sq. ft. of impeccably designed living space, the residence is framed by dramatic floor-to-ceiling windows that capture sweeping views of the Red Deer River, panoramic city views, and the surrounding landscape. Every detail has been thoughtfully curated, offering an exceptional balance of luxury, comfort, and architectural beauty. Featuring three spacious bedrooms, three bathrooms, a private office, and four private balconies, this home is truly without comparison in Central Alberta. Designed with entertaining in mind, the spectacular chefs kitchen is the centrepiece of the home, showcasing custom walnut cabinetry, dual quartz islands for preparation and gathering, premium Wolf appliances, a Sub-Zero refrigerator, and a walk-in pantry. A formal dining room, casual dining area, and an impressive entertaining bar complete with wine refrigerators, dishwasher, cappuccino maker, and a private wine room, creating an unforgettable setting for hosting family and guests. The grand open-concept living room is anchored by a striking floor-to-ceiling fireplace, creating a warm yet sophisticated setting for everyday living and entertaining. Floor-to-ceiling windows frame breathtaking views of the Red Deer River, panoramic city views, and the surrounding landscape, while four private balconies provide exceptional outdoor living spaces to enjoy the ever-changing scenery. The primary suite is a luxurious private retreat, featuring a spacious sitting area, private terrace, double-sided fireplace, and an exquisite spa-inspired ensuite with a freestanding soaker tub, fully tiled walk-in shower, and dual vanities. Designed as a true sanctuary, it offers complete privacy, comfort, and sophistication. Residents enjoy exclusive access to a private fitness centre within this boutique, adult-only building. With only 10 residential suites in the five-storey tower, Elements at the River offers exceptional privacy, security, and prestige. Four heated, secure underground parking stalls and two private storage units complete this exceptional package. More than a residence, this is a legacy propertyan exceptional expression of luxury, craftsmanship, and refined living, offering an unparalleled opportunity to own one of Red Deers most iconic penthouse homes.

Listing By: Shelly James - Coldwell Banker OnTrack Realty cnpilar Realty.com
  • MLS® A2330717
  • Date Listed08/04/2026
  • Days on Realty 55 Days
  • Bedrooms 3
  • Bathrooms 2 Full baths, 1 Half baths
  • Lot Size -
  • Subdivision Railyards
  • County Red Deer
  • Year Built 2013
  • Square Feet 484 sq. ft
  • Price Per Sq. Ft $3295.93

Interior Features

  • Appliances See Remarks
  • Flooring Hardwood, Tile
  • Cooling Central Air
  • Heating In Floor, Natural Gas

Exterior / Lot Features

  • Exterior Balcony, Lighting, Private Entrance
  • Roof Other
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Low Maintenance Landscape, Views

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T4N 7A4

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

Walkability in AB / T4N 7A4

Source: Walk Score

82/100

Very Walkable

Walk Score ®

48/100

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

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: 30/100, Bike Score: 45/100.

Frequently Asked Questions for 501, 5002 55th Street

Source: Realty.com

501, 5002 55th Street, Red Deer, AB T4N 7A4 in Railyards, Red Deer, AB T4N 7A4 is a apartment listed at $1,595,000. Highlights include 3 bedrooms, 3 bathrooms, 484 sq. ft., built in 2013, $3,296 per sq. ft., HOA fee $2,205 Monthly. Realty.ca has 48 photos, sales history, school insights, and mortgage tools for this ...

Realty.com has 48 photos of 501, 5002 55th Street.

Our records indicate that 501, 5002 55th Street was built in 2013.

The full address for this home is 501, 5002 55th Street, Red Deer, AB T4N 7A4.

501, 5002 55th Street has been listed on Realty.com since Tue August 04, 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: 30/100, Bike Score: 45/100.

Listing provided courtesy of: Coldwell Banker OnTrack Realty (tel: 403-343-3344)
Listing agent: Shelly James (tel: 403-357-9479)

This content last refreshed on 2026-09-28 03:16:41. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.