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Home AB Red Deer Riverside Meadows
1-9, 5963 60 a Street
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1-9, 5963 60 a Street $1,090,000
$1,090,000
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1-9, 5963 60 a Street
Red Deer, Alberta T4N6A4

MLS® Number: A2164763

Listing 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. (29574772)

Property Summary

Property Type
Multi-family
Building Type
Apartment
Storeys
2
Community Name
Riverside Meadows
Subdivision Name
Riverside Meadows
Title
Freehold
Land Size
11326 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)
Built in
1976
Annual Property Taxes
$8,400
Total Parking Spaces
9
Time on REALTOR.ca
52 days

Building

Interior Features
Appliances Included
Washer, Refrigerator, Stove, Dryer, Hood Fan
Flooring
Hardwood, Tile
Building Features
Foundation Type
Poured Concrete
Style
Attached
Parking
Total Parking Spaces
9

Measurements

Square Footage
5085 sqft
Total Finished Area
5085 sqft

Land

Other Property Information
Zoning Description
R1
Data provided by: Pillar 9™

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