Courtesy Of Kim D Stubbs Of Sotheby's International Realty Canada

5617 60 Avenue, Red Deer, AB

$1,470,000

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About 5617 60 Avenue

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 Raventhorpe 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 .

Features of 5617 60 Avenue

MLS® # E4412750
Price $1,470,000
Bathrooms 0.00
Acres 0.00
Year Built 1973
Type Multi-Family Commercial
Status Active

Community Information

Address 5617 60 Avenue
Area Red Deer
Subdivision Riverside Meadows
City Red Deer
County ALBERTA
Province AB
Postal Code T4N 4W2

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Exterior Wood Frame
Construction Wood Frame

Additional Information

Date Listed November 3rd, 2024
Days on Market 40
Zoning Zone RUR6
Foreclosure No
RE / Bank Owned No

Listing Details

OfficeCourtesy Of Kim D Stubbs Of Sotheby's International Realty Canada

Listing Map