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172 days on Market

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

In the same building:
-
Condo
2
3 + 1
~5393.00 sqft
$2,200,000
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Condo
2
3 + 1
~5393.00 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$407/sqft

Est. Mortgage$9,448/mo

Maintenance fees$1938/mo

Tax Amount (2024)$11,318/yr

Days On Market172 days


Description

Presenting sophistication and exclusivity, this Executive Penthouse condo is masterfully designed to combine elegance with unparalleled luxury. Nestled along the banks of the Red Deer River, Elements at River’s Edge is reserved for those who seek an exclusive lifestyle. This adult-only property encompasses the utmost attention to detail and the highest quality amenities, ensuring a living experience like no other in a location. Spanning over 5,300 sq ft of opulence with expansive floor-to-ceiling windows it offers awe-inspiring views of the Red Deer River, enveloping the residence in natural beauty. Boasting two bedrooms, three bathrooms, office, and four balconies, each offering breathtaking views, it is truly unprecedented in Red Deer. The penthouse sets the scene for exceptional entertaining, highlighted by a custom-designed wet bar and an extraordinary kitchen that serves as the heart of the home. Exceptional walnut cabinetry, separate quartz prep and entertaining islands, state-of-the-art Wolf appliances, Sub-Zero refrigerator, and pantry accentuate the culinary space, offering a perfect blend of style and functionality. A formal dining room and casual dining area easily accommodates entertaining. The upscale wet bar features built-in appliances including wine fridges, dishwasher, cappuccino maker and wine room. The expansive open-plan living space leads seamlessly into the living room that boasts a floor to ceiling fireplace and is the focal point for cozy gatherings. The primary bedroom is a sanctuary of sophistication, featuring a double-sided fireplace that exudes warmth and ambiance. Indulge in the luxury of the ensuite, which boasts a full tiled bathroom, a floating tub, and dual sinks, creating a spa-like environment that is both tranquil and opulent. Residents have exclusive access to a range of amenities, including a private gym, ensuring wellness and convenience without leaving the comfort of this professional building. With only 10 residential suites within the five-story tower, this community promises an intimate living experience. The inclusion of four underground heated and secured parking spaces, along with two dedicated secured storage spaces, adds to the convenience. This executive penthouse condo is more than a residence - it's a statement of luxurious living, designed for those who seek unparalleled elegance and a connection with natural beauty, all within a prestigious and secure setting.


Property Details

StylePenthouse
View-
Age of property2013
SqFt~5393.00 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2147434
Community NameRailyards
Data SourcePILLAR 9
Listing byColdwell Banker Ontrack Realty

Features

Heating: In Floor,Natural Gas
Cooling: Central Air

Main Floor

Storage

10`6" x 6`2"

Walk-In Closet

8`0" x 13`3"

Laundry

8`0" x 13`3"

Kitchen

24`9" x 22`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 listed by Coldwell Banker Ontrack Realty, Brokerage
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Population and Demographics

Overview

Total population 291
Average household income $87,788

Age (%)

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

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%

Schools and amenities

Estimated Budget