pillar/IMG-A2220163_1.jpg
11 days on Market

4816 53 St #1-7, Red Deer, Alberta T4N 3T4

In the same building:
-
Condo
-
-
~2304.00 sqft
$950,000
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Condo
-
-
~2304.00 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$412/sqft

Est. Mortgage$4,080/mo

Tax Amount (2024)$7,394/yr

Days On Market11 days


Description

Now Offering this 7 Unit Apartment Building in a great location in downtown Red Deer. This is a well maintained building that includes Four 2 Bed/2 Bath units and Three Studio units. All units have outside entry, eliminating any common hallway space. There are off-street parking stalls at the rear of the building. 2024 - Gross Revenue was $84,365, Expense (incl professional management) was $31, 346.


Property Details

StyleOther
View-
Age of property1977
SqFt~2304.00 SqFt
Lot Size-
Parking Spaces7
MLS ®NumberA2220163
Community NameDowntown
Data SourcePILLAR 9
Listing byRoyal LePage Lifestyles Realty

Parking

Garage spaces -

Garage type -

Total parking spaces 7


2Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

May 12, 2025
ListedActive
$950,000
11 days on market
history photo preview15
Listing by pillar 9®
Property listed by Royal LePage Lifestyles Realty, Brokerage
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Market Data - Downtown

Geo Zone Map ThumbnailDowntown

Strong Seller's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

52 days

Compared to

2024

51 days

2023

85 days

New Listings

Past 30 days

4 listings

Compared to

2024

5 listings

2023

7 listings

Units sold

Past 30 days

6 units

Compared to

2024

4 units

2023

5 units

Median Sold Price

Past 30 days

$175,000

Compared to

2024

$169,250

2023

$169,250


Population and Demographics

Overview

Total population 1889
Average household income $93,279

Age (%)

65 and plus
26%
20 to 34
22%
50 to 64
21%
35 to 49
17%
0 to 19
13%

Household composition (%)

Single person
60%
Single family
33%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
85%
Tagalog (Pilipino, Filipino)
4%
Others
3%
Spanish
2%
French
2%
Somali
1%

House tenancy (%)

Renters
66%
Owners
34%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget