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316042 160 Avenue West
$1,825,000
Nestled in the prestigious Priddis Creek Estates, this exceptional timber frame-style, walk-out bungalow offers the perfect blend of rustic charm and modern luxury. As you...
CIR Realty
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6323 59 Avenue
Highland Green Estates
Red Deer
T4N 5P9
$650,000
Multi-Family
1,806 sq. ft.
built: 1974
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2279308
- Year Built:
- 1974
- Photos (46)
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This WELL-MAINTAINED 4-PLEX in Highland Green offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67,668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5,639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns.
- Property Type:
- Multi-Family
- Property Sub Type:
- 4 plex
- Transaction Type:
- For Sale
- Total Living Area:
- 1,806 sq. ft.168 m2
- Lot Area:
- 7,257 sq. ft.674 m2
- Year built:
- 1974 (Age: 52)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 3251TR
- Heating:
- Central, Forced Air, Natural Gas
- Basement:
- Full, Finished
- Foundation:
- Poured Concrete
- Structure Type:
- Four Plex
- Ensuite:
- No
- Cooling:
- None
- Garage:
- No
- Parking:
- Alley Access, Off Street, Stall
- Parking Places:
- 5
- Parking Total/Covered:
- 5 / -
- Highland Green Estates (Red Deer)
- Dryer, Electric Stove, Refrigerator, Washer, Window Coverings
- n/a
- None Known
- Title to Land:
- Fee Simple
- Num. of Parcels:
- 0
- Region:
- Red Deer
- Zoning:
- R-M
- Listed Date:
- Jan 14, 2026
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Listed by Real Broker
Data was last updated January 19, 2026 at 02:05 AM (UTC)
- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.





