5805 56 Avenue , Red Deer   ||   $679,900

DETAILS

MLS® NUMBER A2294887
BUILDING TYPE 4 plex
PROPERTY CLASS Multi-Family
SQUARE FOOTAGE 1510 Square Feet
YEAR BUILT 1976
BASEMENT None
GARAGE No
TOTAL PARKING 4
Turnkey 4-Plex Investment Opportunity in Red Deer

Excellent opportunity to own a fully renovated 4-plex multifamily property in Red Deer, ideal for investors seeking strong rental income and minimal maintenance. This property features three 2-bedroom units and one 1-bedroom unit, all extensively updated with modern finishes.

Each unit has been fully renovated, including new kitchens with quartz countertops and stainless steel appliances, updated interiors, and modern fixtures throughout. Two units feature durable vinyl plank flooring, while the other two offer new carpet, creating comfortable and attractive living spaces for tenants.

Major building updates include newer windows, refreshed interiors, and a roof approximately 5 years old, providing peace of mind for years to come. Approximately $50,000–$60,000 in renovations have been invested into the property.

The building also offers four dedicated parking stalls for tenant convenience.

Currently 100% occupied with tenants, making this a true turnkey income property with immediate cash flow. With its modern upgrades, strong tenant demand, and solid location in Red Deer, this property represents a fantastic long-term investment opportunity.
Listing Brokerage: Real Broker

MAP

Listing data is deemed reliable but is not guaranteed accurate by CREB®. Last updated: today at 3:00 a.m.

© 2026 CENTURY 21 Real Estate Foothills. CENTURY 21® is a registered trademark licensed to Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is independently owned and operated.

Find Real Estate Foothills on Facebook Find Real Estate Foothills on Twitter