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5, 4608 62 Street
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Red Deer · Industrial · under $300,000. Alerts only send when there are new or meaningfully updated matching homes.
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Turn-key automotive shop, ready for service! This 1427 sq ft, single-overhead 12'x14' door w/ opener condo'd bay, located in Riverside Industrial. Featuring a main customer/counter space at the front, several common-area paved parking spots at the front, an exclusive fenced storage compound at the back, and more! A four-post and a two-post lift (tenants) are currently installed and might be able to be negotiated in the sale (with the tenant) along with other misc. equipment. Built in 1992 and in an. Excellent location in the Riverside Light district, within minutes from Gaetz Ave. and 67th Street, major arterial roads in Red Deer. Current tenancy ends in August 2026, but 60-day possession could be available. Radiant heat in the shop and forced air in the office make for a cozy and affordable option to do business out of. Additionally, there is approximately 500 SF of mezzanine space that's currently utilized for parts/storage or future office development if needed. Affordable condo fees of $292.01/month and taxes of $435.83/month, with all the amenities needed for your business to thrive in Riverside Industrial park, Red Deer Alberta! (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.