pillar/IMG-A2349937_1.jpg
4 days on Market

5928 52 Ave, Red Deer, Alberta T4N4K6

Detached
3 + 2
3
~1286.52 sqft
$499,000
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Detached
3 + 2
3
~1286.52 sqft

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Highlights

Property Estimate

Days on market4 days

Estimated valueNot available

Price/Sqft$387/sqft

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Description

INVESTOR ALERT! Welcome to this well-maintained corner-unit home in Riverside Meadows, offering an excellent opportunity for investors seeking a property with flexible living arrangements, a legal basement suite, and strong rental potential. The bright main level features a large east-facing window, bringing in plenty of natural light, along with new hardwood flooring throughout the main living spaces. The main floor offers three bedrooms, while the fully developed legal basement suite provides an additional two bedrooms, giving the property a total of five bedrooms. The legal basement suite adds significant value and flexibility, featuring a large family room, separate laundry, and a separate entrance. The suite is currently occupied by long-term tenants who are willing to stay, providing a potential opportunity for a new owner to maintain the existing tenancy and rental income, subject to the applicable tenancy terms. Outside, you'll find a large deck, perfect for entertaining or relaxing, along with newer fencing for added privacy. Parking is another major advantage, with six parking spaces in total, including two spaces at the rear of the property and three additional spaces within the gated RV parking area. The home also features a high-efficiency heating system, adding to its overall appeal for both homeowners and investors. Located in Riverside Meadows, this property offers convenient access to local amenities, services, and transportation routes. Whether you're looking to expand your rental portfolio, house-hack, or purchase a property with multiple income-producing options, this is an opportunity worth taking a closer look at. Key Investor Features: Legal 2-bedroom basement suite Long-term basement-suite tenants willing to stay 5 bedrooms total 3 bedrooms on the main level Separate suite entrance Separate laundry Large basement family room New hardwood flooring Large east-facing window High-efficiency heating system 6 parking spaces / gated RV parking spaces 2 additional rear parking spaces Large deck Newer fencing Corner-unit location Riverside Meadows Excellent rental and house-hacking potential


Property Details

StyleBungalow
View-
Age of property2015
SqFt~1286.52 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2349937
Community NameRiverside Meadows
Data SourcePILLAR 9
Listing byRE/MAX First

Features

Heating: Central
Basement: Full,Finished,Separate/Exterior Entry

Main Floor

Entrance

7`3" x 4`6"

Bedroom

9`11" x 9`8"

Bedroom - Primary

14`1" x 11`11"

Living Room

15`3" x 12`11"


Features

Patio: Patio

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property History

Oct 2, 2026
ListedActive
$499,000
4 days on market
history photo preview29
Listing by pillar 9®
Property listed by RE/MAX First, Brokerage
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Market Data - Riverside Meadows

Geo Zone Map ThumbnailRiverside Meadows

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

42 days

Compared to

2025

0 day

2024

17 days

2023

0 day

New Listings

Past 30 days

2 listings

Compared to

2025

4 listings

2024

5 listings

2023

1 listing

Units sold

Past 30 days

2 units

Compared to

2025

0 unit

2024

4 units

2023

0 unit

Median Sold Price

Past 30 days

$274,250

Compared to

2024

$317,000


Population and Demographics

Overview

Total population 2218
Average household income $71,569

Age (%)

0 to 19
24%
20 to 34
24%
35 to 49
22%
50 to 64
19%
65 and plus
12%

Household composition (%)

Single family
47%
Single person
44%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
80%
Tagalog (Pilipino, Filipino)
6%
Spanish
4%
Others
3%
Arabic
2%
French
1%

House tenancy (%)

Renters
69%
Owners
31%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget