5617 60 Avenue, Red Deer, Alberta (MLS A2175520)
Kim Stubbs
Sothebys International Realty Canada

Investment Opportunity

5617 60 Avenue, Red Deer, AB

  • CA$1,470,000
  • 0 BEDS
  • 0 BATHS
  • CA$1,470,000

Key Facts

  • MLS® #: A2175520
  • Secondary MLS® #: E4412750
  • Property ID: SIRC2154717
  • Property Type: Commercial, Multiplex
  • Year Built: 1973
  • Parking Spaces: 12
  • Municipal Taxes 2024: $12,814

Property Description

An exceptional investment opportunity with this twelve unit, fully rented apartment complex in a prime location near the Red Deer River. With ample stall parking on site, this building is perfectly positioned for renters. The Raven Thorpe Manor is in a quiet neighbourhood and yet offers convenient proximity to essential amenities, including the nearby mall and bus stops. Just a short walk to Bower Ponds, residents enjoy immediate access to the city’s extensive network of walking and biking paths. This property includes 3 one bed/one bath units and 9 two bed/one bath units, is fully rented and there is potential to increase rents. Almost half of the suites have been renovated and for buyers looking for an additional advantage, this building has been condominiumized with all 12 suites individually titled allowing an investor to hold the building as a long term investment or sell suites individually .

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Location

5617 60 Avenue, Red Deer, Alberta, T4N 4W2 Canada

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Marketed By

Sotheby’s International Realty Canada
5111 Elbow Drive SW
Calgary, Alberta, T2V 1H2

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.
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Kim Stubbs

Associate Broker

780.974.3357
kstubbs@sothebysrealty.ca

Office Phone: 403.254.5315
Fax: 403.244.5315

5111 Elbow Drive SW,
Calgary, T2V 1H2

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