For Sale

5617 60 AV Unit# 5617, Red Deer, Alberta T4N4W2

$1,470,000

5617 60 AV Unit# 5617, Red Deer, Alberta T4N4W2 is For Sale and has a listing price of 1,470,000. The property is located in the Riverside Meadows neighbourhood. It's been on the website for 50 Days.

  • Multi-family
    Property Type
  • 12
    Parking Spaces
  • MLS ID: E4412750
  • Office Name Sotheby's International Realty Canada
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 Raventhorpe 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 . (id:43137)

Property Details
  • MLS ID: E4412750
  • Price: $1,470,000
  • Transaction Types: For Sale
  • Ref ID: 27619820
  • Year Built: N/A
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
11/03/2024 E4412750 $1,470,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Riverside Meadows
  • $314,817 Average List Price
    based on 1 year
  • 2 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 100 % Below
  • Sold (12mo) 0
  • Rented (12mo) 0

  • 1 Month Change +21.4%
  • 3 Month Change +174.9%
  • 6 Month Change +222.3%
Walkscore
Property Type Distribution
  • All Houses
    66.67%
  • Commercial
    10.61%
  • Condo
    21.21%
  • Land for Sale
    1.52%
Additional Details
  • Total Parking Spaces: 12
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 03/11/2024 00:00:00
  • Agent Name: Kim D. Stubbs
  • Last Updated: 18/12/2024 03:32:52
Open House Dates
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