$1,399,000
4611 50 Street
Beds
—
Baths
—
Sqft
—
Year
1978
Type
Multi-family
Suite
Investment signal
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
An exceptional investment opportunity with these EIGHT units, fully rented Condo Townhouse, located in a prime location, just steps away from the park, walking trail, shopping center, and all essential amenities. With ample stall parking on site, this building is perfectly positioned for renters. All eight units are two bed/1.5 bath units, with the potential of adding one extra in the main level. one of the units have been completely renovated. New roofing replaced in 2013. Property has 24-hour video surveillance system. The building has been condominiumized with all 8 individually titled allowing the investor to hold as a long-term investment or can sell individually in future. $250/unit/month condo fee currently. $9000/month is the rent income. We have tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- Parkvale
- Common interest
- Freehold
- Living area
- 8,488 square feet
- Lot size
- 12,450 square feet
- Lot dimensions
- 12450.00
- Parking
- 8 total
- Stories
- 2
- On market
- Mar 23, 2026
- Status changed
- Apr 22, 2026
- Annual tax
- $7,763.29 (2025)
- Zoning
- R-D
- Photos
- 35
- MLS#
- A2295424
- Area
- RED_DEER
Features and systems
Appliances
Cash on cash
-6.39%
Cap rate
3.59%
GRM
16.7
Break-even rent
$8,569
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 22, 2026.