5553 45 Avenue Red Deer, AB t4n1l2

$800,000
0.26
Acres
$800,000
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sold - 05/20/2026
1/12
Street View

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!

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!

  • Neighborhood
  • Type
  • County
    Red Deer
  • Status
    Sold
  • Listing #
    A2296157
  • Built
    1960
  • Lot Size
    0.26
  • Listed on site
    48 days
  • Co Buyer Agent Id
    CAKANDEPE
  • Listing Agent Id
    CALEISCDE
  • Sold Price
    800000.00
  • Listing Brokerage
    CIR Realty

Listed by:

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Last updated: 2026-06-01 16:59:38
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool

Interior Features

  • No Basement

Property History

DateDays AgoEventNew Price
May 20, 202614 days agoPrice decreased119,000 (13%)$800,000
Apr 16, 20262 mos agoNew on market$919,000
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