$685,000
5906 60 Street
Beds
—
Baths
—
Sqft
—
Year
1976
Type
Multi-family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Red Deer. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Exceptional investment opportunity in the Riverside community of Red Deer featuring a well-maintained fourplex situated on a massive lot. This property offers four fully self-contained units, each with two bedrooms, providing an ideal layout for consistent rental income. All units are currently tenanted, making this a true turnkey investment with immediate cash flow.Each suite is thoughtfully designed with its own in-unit laundry, offering added convenience and appeal for tenants. The property also features private balconies for each unit, enhancing livability and long-term rental desirability. The expansive, fully fenced lot provides additional outdoor space and privacy, while also offering potential for future value enhancement.Well-positioned within Red Deer, this property benefits from strong rental demand and a stable tenant base. With separate living spaces, desirable unit features, and solid income potential, this fourplex is an excellent addition to any investment portfolio. (id:65958)
- Subtype
- Multi-family
- Architectural style
- Bi-level
- Structure
- Multi-Family
- Community
- Riverside Meadows
- Common interest
- Freehold
- Living area
- 1,701 square feet
- Lot size
- 10,400 square feet
- Lot dimensions
- 10400.00
- Parking
- 4 total
- On market
- Apr 15, 2026
- Status changed
- Apr 18, 2026
- Annual tax
- $5,684 (2025)
- Zoning
- R-L
- Photos
- 8
- MLS#
- A2302014
- Area
- RED_DEER
Cash on cash
-6.77%
Cap rate
3.51%
GRM
16.7
Break-even rent
$4,239
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.