Red Deer, AB T4N6A4,5963 60 a ST #1-9
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Red Deer, AB T4N6A4,5963 60 a ST #1-9
Red Deer, AB T4N6A4,5963 60 a ST #1-9
Red Deer, AB T4N6A4,5963 60 a ST #1-9
Red Deer, AB T4N6A4,5963 60 a ST #1-9

$1,085,000

Est. payment /mo

$1,090,000

0.5%
Est.Price: ?

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5963 60 a ST #1-9 Red Deer, AB T4N6A4

5,085 SqFt

SOLD DATE : 11/08/2024

Key Details

Sold Price $1,085,000

Property Type Multi-Family

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 5,085 sqft

Price per Sqft $213

Subdivision Riverside Meadows

MLS® Listing ID A2164763

Sold Date 11/08/24

Originating Board Central Alberta

Year Built 1976

Annual Tax Amount $8,400

Tax Year 2024

Lot Size 0.260 Acres

Acres 0.26

Property Description

This fully rented 9-suite apartment building is an excellent investment opportunity, offering immediate cash flow and stable rental income. The building consists of eight spacious units, each with two bedrooms and a 4-piece bath, as well as one cozy 1-bedroom unit. Six of the units feature private balconies, adding extra appeal for tenants and boosting rental value. The location is highly desirable, with three schools—Fairview, GH Dawe, and Gateway School— close by making it ideal for families. Tenants will also benefit from the nearby bus stop and an abundance of local amenities within 5-10 minutes drive, including shopping, parks, and restaurants, ensuring convenience and a strong demand for the units. This property is a rare find, offering both stability and growth potential for the savvy investor.

Location

Province AB

County Red Deer

Zoning R1

Interior

Heating Boiler

Flooring Hardwood, Tile

Appliance Dryer, Electric Stove, Range Hood, Refrigerator, Washer

Laundry Common Area

Exterior

Roof Type Tar/Gravel

Total Parking Spaces 9

Building

Story 2

Foundation Poured Concrete

Others

Restrictions None Known

Tax ID 91513062

Ownership Private

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Listed by eXp Realty

Sehaj Pal Singh Gill

Agent

+1(403) 322-5678

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