5101 50 Avenue,Red Deer, AB T4N4B3
Red Deer, AB T4N4B3
Description
**DOWNTOWN RED DEER MIXED-USE INVESTMENT OPPORTUNITY!** Located at 5101 50 Avenue in the heart of Red Deer, this established income-property opportunity offers investors a compelling entry point into downtown commercial real estate at an attractive $389,900 asking price.The property combines commercial and residential rental components, providing an opportunity to diversify rental income within a single investment. Municipal records identify approximately 11,897 square feet of building area on a 6,500 square foot parcel, with C-1 zoning that supports a variety of downtown commercial uses, subject to municipal approval.Built in 1947, this established downtown property offers existing rental operations together with potential opportunities for repositioning, improved operating efficiencies and long-term value creation. Its central location places the property within Red Deer's downtown business district, with access to surrounding commercial services, businesses and residential neighbourhoods.For investors prepared to assess the existing tenancy, building condition and operating structure, the property offers an opportunity to pursue a value-add strategy at a relatively accessible acquisition price. Commercial and residential rent rolls and historical operating information are available for qualified purchaser review.Offered for sale as is, with possession subject to existing tenancies. Whether expanding an investment portfolio or exploring the potential of an established downtown mixed-use property, 5101 50 Avenue deserves consideration. (id:13843)
Details
| MLS # | A2352910 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Mix |
| Status | Active |
| Year | 1947 |
| Days On Site | 10 |
| Listing Provided By | Century 21 Advantage | Patrick Galesloot |
Features
| SQ Feet | 11,897 |
|---|---|
| Zoning | C-1 |
| Acreage | 0.15 |
Interior
| Fireplace Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 16883 |
|---|---|
| Tax Block | 16 |
| Tax Lot | 1,2 |
| Tax Year | 2026 |
Area Information
| Province | AB |
|---|---|
| City | Red Deer |
| Postal Code | T4N4B3 |
| Community Name | Downtown Red Deer |
| Listing VS Median (in Downtown Red Deer) | |
Price: $389,900 low | high Med: $117,400 sqft: 11,897 low | high Med: 714 $ / sqft: $33 low | high Med: $167 On site: 10 low | high Med: 59.5 | |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Red Deer |
| Postal Code | T4N4B3 |
| Community Name | Downtown Red Deer |
| Listing VS Median (in Downtown Red Deer) | |
Price: $389,900 low | high Med: $117,400 sqft: 11,897 low | high Med: 714 $ / sqft: $33 low | high Med: $167 On site: 10 low | high Med: 59.5 | |