Diane Richardson

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4611 50 Street
Parkvale (Red Deer) Red Deer T4N 2C2

$1,599,000
Multi-Family 8,488 sq. ft. built: 1978

Main Photo: 4611 50 Street: Red Deer Row/Townhouse for sale : MLS®# A2258892
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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2258892
Year Built:
1978
An exceptional investment opportunity with these EIGHT units, fully rented Condo Townhouse, located in a prime location, just steps away from the park, walking trail, shopping center, and all essential amenities. With ample stall parking on site, this building is perfectly positioned for renters. All eight units are two bed/1.5 bath units, with the potential of adding one extra in the main level. one of the units have been completely renovated. New roofing replaced in 2013. Property has 24 hour video surveillance system. The building has been condominiumized with all 8 individually titled allowing the investor to hold as a long term investment or can sell individually in future. $250/unit/month condo fee currently. $8150/month is the rent income. We have some tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities.
Property Type:
Multi-Family
Property Sub Type:
Row/Townhouse
Transaction Type:
For Sale
Total Living Area:
8,488 sq. ft.
Lot Area:
12,450 sq. ft.
Levels:
Two
Year built:
1978 (Age: 47)
Bathrooms:
- (Full:-, Half:-)
Plan:
9320094
Structure Type:
Other
Ensuite:
No
Garage:
No
Parking Places:
8
Parking Total/Covered:
8 / -
Parkvale (Red Deer)
Electric Stove, Refrigerator, Washer/Dryer
-
None Known
Title to Land:
Fee Simple
Lot Features:
Square Shaped Lot
Num. of Parcels:
0
Region:
Red Deer
Zoning:
R-D
Listed Date:
Sep 25, 2025
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Listed by Grand Realty
Data was last updated December 15, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$832,000
Min list price:
$630,000
Max list price:
$3,780,000
Avg days on market:
56
Min days on market:
11
Max days on market:
208
Avg price per sq.ft.:
$311.33
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations. This data is not produced by the MLS® system.
DIANE RICHARDSON
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.