Kim Stubbs
(780) 974-3357
Sotheby's International Realty Canada
403-254-5315
5617 60 Avenue
Red Deer , Alberta T4N 4W2
Red Deer , Alberta T4N 4W2
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5617 60 Avenue For Sale
$1,470,000
Red Deer, Alberta
Transaction Type
For Sale
Days On Market
186
Zoning
R2
Year Built
1973
Property Type
Commercial
Building Area (Sq. Ft.)
4044.69
Lot Size (Sq. Ft.)
17124
Listing ID: 30486
MLS ID: A2175520
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 .
Transaction Type
For Sale
For Sale
Title
Fee Simple
Fee Simple
Days On Market
186
186
Zoning
R2
R2
Subdivision
Riverside Meadows
Riverside Meadows
Building Type
Condo Complex,Low Rise (2-4 stories)
Condo Complex,Low Rise (2-4 stories)
Year Built
1973
1973
Structure Type
Low Rise (2-4 stories)
Low Rise (2-4 stories)
Property Type
Commercial
Commercial
Property Sub Type
Multi Family
Multi Family
Legal Plan
0729407
0729407
Building Area (Sq. Ft.)
4044.69
4044.69
Building Area (Sq. M.)
375.76
375.76
Lot Size (Sq. Ft.)
17124
17124
Lot Size (Acres)
0.39
0.39
Roof
Flat
Flat
Foundation
Poured Concrete
Poured Concrete
Heating
Baseboard,Boiler,Natural Gas
Baseboard,Boiler,Natural Gas
Access to Property
Accessible to Major Traffic Route
Accessible to Major Traffic Route
Inclusions
Token operated Washers (2) and Dryers (2)
Token operated Washers (2) and Dryers (2)
Restrictions
Easement Registered On Title,Utility Right Of Way
Easement Registered On Title,Utility Right Of Way
Reports
Condo/Strata Bylaws
Condo/Strata Bylaws
