This Multifamily Property is no longer advertised on LoopNet.ca.

4813 53 St
Red Deer, AB T4N 2E7
Fiftythird Apartments · Multifamily Property For Sale · 12 Units

Investment Highlights

  • Fiftythird Apartments contains 12 two-bedroom suites on three levels; as well as in-suite laundry, stainless steel appliances and balconies/patios.
  • Housing prices, utilities, and everyday expenses in Red Deer are generally more affordable, making it an attractive option for residents.
  • When compared to similar properties in the area, there is an upside of $316, or 20% available at the Property upon turnovers and renewals.
  • Direct access to Downtown Red Deer and Highway 2.
  • The population of Red Deer increased 3.4% year-over year in 2023, and is expected to continue to grow.
  • Secondary markets often have lower competition, easier entry into the market, strong rental demand, and often have lower cost of doing business.

Property Facts

No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.27 AC
Building Size 12,198 SF
Average Occupancy 100%
No. Stories 3
Year Built 2014
Zoning C-1 - City Centre Commercial Zone
  • Listing ID: 32984039

  • Date on Market: 2024-08-28

  • Last Updated:

  • Address: 4813 53 St, Red Deer, AB T4N 2E7

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