$919,000
5553 45 Avenue
Beds
—
Baths
—
Sqft
5,090
Year
1960
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
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! (id:65958)
- Subtype
- Business
- Structure
- Multi-Family
- Community
- Waskasoo
- Living area
- 5,090 square feet
- Lot size
- 11,200 square feet
- Lot dimensions
- 11200.00
- On market
- Mar 25, 2026
- Status changed
- Apr 16, 2026
- Annual tax
- $6,587 (2025)
- Zoning
- R-M
- Photos
- 12
- MLS#
- A2296157
- Area
- RED_DEER
Cash on cash
-11.69%
Cap rate
3.55%
GRM
16.6
Break-even rent
$6,485
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: 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.
Lifestyle 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.
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 16, 2026.