AB > Red Deer > Riverside Meadows
Red Deer, AB T4N 4W2,5617 60 AVE
Red Deer, AB T4N 4W2,5617 60 AVE
Red Deer, AB T4N 4W2,5617 60 AVE
Red Deer, AB T4N 4W2,5617 60 AVE
Red Deer, AB T4N 4W2,5617 60 AVE
Red Deer, AB T4N 4W2,5617 60 AVE
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Carter Francis

Carter Francis

+1(403) 795-5361
$ 1,470,000
Est. payment | /mo

0.39 Acres Lot

Save
$ 1,470,000
Est. payment | /mo
Save

0.39 Acres Lot

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Riverside Meadows

MLS® Listing ID A2175520

Originating Board Calgary

Year Built 1973

Annual Tax Amount $12,813

Tax Year 2024

Lot Size 0.393 Acres

Acres 0.39

Property Sub-Type Multi Family

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 .

Location

State AB

County Red Deer

Zoning R2

Interior

Heating Baseboard, Boiler, Natural Gas

Inclusions Token operated Washers (2) and Dryers (2)

Exterior

Roof Type Flat

Lot Frontage 137.58

Total Parking Spaces 12

Building

Foundation Poured Concrete

Others

Restrictions Easement Registered On Title,Utility Right Of Way

Ownership Private

Listed by Sotheby's International Realty Canada
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Choosing us means partnering with a team that is committed to achieving your real estate goals with professionalism, integrity, and a personal touch.

+1(403) 795-5361

real.cfrancis@gmail.com

2206 10 Ave. South,, Lethbridge, Alberta, T1k 0c2, CAN

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5617 60 AVE