5617 60 Avenue, Red Deer, Alberta

$1,470,000

Previous Next

0.39

Acres

About 5617 60 Avenue

An exceptional investment opportunity with this twelve unit, fully rented apartment complex in a prime location near the Red Deer River. With ample stall parking on site, this building is perfectly positioned for renters. The Raven Thorpe Manor is in a quiet neighbourhood and yet offers convenient proximity to essential amenities, including the nearby mall and bus stops. Just a short walk to Bower Ponds, residents enjoy immediate access to the city’s extensive network of walking and biking paths. This property includes 3 one bed/one bath units and 9 two bed/one bath units, is fully rented and there is potential to increase rents. Almost half of the suites have been renovated and for buyers looking for an additional advantage, this building has been condominiumized with all 12 suites individually titled allowing an investor to hold the building as a long term investment or sell suites individually .

Features of 5617 60 Avenue

MLS® # A2175520
Price $1,470,000
Bathrooms 0.00
Acres 0.39
Year Built 1973
Type Commercial
Sub-Type Multi Family
Status Active

Community Information

Address 5617 60 Avenue
Subdivision Riverside Meadows
City Red Deer
County Red Deer
Province Alberta
Postal Code T4N 4W2

Amenities

Parking Spaces 12
Is Waterfront No
Has Pool No

Interior

Heating Baseboard, Boiler, Natural Gas
Fireplace No
Has Basement No

Exterior

Roof Flat
Foundation Poured Concrete

Additional Information

Date Listed November 3rd, 2024
Days on Market 49
Zoning R2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSotheby's International Realty Canada

Listing Map