5553 45 Avenue , Red Deer, Alberta

$919,000

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0.26

Acres

About 5553 45 Avenue

Great opportunity for the savvy investor! This well-maintained building features six 2-bedroom suites. Live in one suite while generating income from the others, or rent out all six units for strong cash flow. The roof was redone in 2010 with durable 2-ply torch-on roofing. Ideally located in an easily accessible neighborhood close to schools and just minutes from downtown, making for a convenient commute. Numerous building and unit upgrades have been completed over the years, including a hot water tank (2023) and boiler (2025). A solid investment opportunity you won’t want to miss!

Features of 5553 45 Avenue

MLS® # A2296157
Price $919,000
Acres 0.26
Year Built 1960
Type Commercial
Sub-Type Multi Family
Status Active

Community Information

Address 5553 45 Avenue
Subdivision Waskasoo
City Red Deer
County Red Deer
Province Alberta
Postal Code t4n1l2

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed March 24th, 2026
Days on Market 57
Zoning R-M
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCIR Realty

Listing Map

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