pillar/IMG-A2330717_1.jpg
1 day on Market

5002 55th St #501, Red Deer, Alberta T4N 7A4

In the same building:
-
Condo
3
3 + 1
~5209.00 sqft
$1,595,000
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Condo
3
3 + 1
~5209.00 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$306/sqft

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Description

A rare offering of uncompromising luxury, this extraordinary signature penthouse residence at Elements at the River is one of Red Deer’s most prestigious homes. Perfectly positioned along the banks of the Red Deer River, this remarkable residence blends timeless elegance with contemporary sophistication, creating an unparalleled lifestyle reserved for the discerning buyer. Encompassing over 5,300 sq. ft. of impeccably designed living space, the residence is framed by dramatic floor-to-ceiling windows that capture sweeping views of the Red Deer River, panoramic city views, and the surrounding landscape. Every detail has been thoughtfully curated, offering an exceptional balance of luxury, comfort, and architectural beauty. Featuring three spacious bedrooms, three bathrooms, a private office, and four private balconies, this home is truly without comparison in Central Alberta. Designed with entertaining in mind, the spectacular chef’s kitchen is the centrepiece of the home, showcasing custom walnut cabinetry, dual quartz islands for preparation and gathering, premium Wolf appliances, a Sub-Zero refrigerator, and a walk-in pantry. A formal dining room, casual dining area, and an impressive entertaining bar complete with wine refrigerators, dishwasher, cappuccino maker, and a private wine room, creating an unforgettable setting for hosting family and guests. The grand open-concept living room is anchored by a striking floor-to-ceiling fireplace, creating a warm yet sophisticated setting for everyday living and entertaining. Floor-to-ceiling windows frame breathtaking views of the Red Deer River, panoramic city views, and the surrounding landscape, while four private balconies provide exceptional outdoor living spaces to enjoy the ever-changing scenery. The primary suite is a luxurious private retreat, featuring a spacious sitting area, private terrace, double-sided fireplace, and an exquisite spa-inspired ensuite with a freestanding soaker tub, fully tiled walk-in shower, and dual vanities. Designed as a true sanctuary, it offers complete privacy, comfort, and sophistication. Residents enjoy exclusive access to a private fitness centre within this boutique, adult-only building. With only 10 residential suites in the five-storey tower, Elements at the River offers exceptional privacy, security, and prestige. Four heated, secure underground parking stalls and two private storage units complete this exceptional package. More than a residence, this is a legacy property—an exceptional expression of luxury, craftsmanship, and refined living, offering an unparalleled opportunity to own one of Red Deer’s most iconic penthouse homes.


Property Details

StyleApartment-Penthouse
View-
Age of property2013
SqFt~5209.00 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2330717
Community NameRailyards
Data SourcePILLAR 9
Listing byColdwell Banker OnTrack Realty

Features

Heating: In Floor,Natural Gas
Cooling: Central Air

Main Floor

Kitchen

24`9" x 22`8"

Dining Room

20`2" x 18`1"

Living Room

33`0" x 36`2"

Bedroom

17`3" x 14`8"


Features

Patio: Balcony(s)
Balcony: Balcony(s)

Parking

Garage spaces 4

Garage type -

Other parking spaces 0

Total parking spaces 4


6Story
Elevator
Amenities

Elevator(s), Fitness Center, Secured Parking, Storage

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Aug 4, 2026
ListedActive
$1,595,000
1 day on market
history photo preview48
Listing by pillar 9®
Property listed by Coldwell Banker OnTrack Realty, Brokerage
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Population and Demographics

Overview

Total population 291
Average household income $87,788

Age (%)

0 to 19
18%
20 to 34
22%
35 to 49
17%
50 to 64
20%
65 and plus
23%

Household composition (%)

Single person
57%
Single family
36%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
81%
Tagalog (Pilipino, Filipino)
6%
Others
5%
Spanish
3%
French
2%

House tenancy (%)

Renters
69%
Owners
31%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget