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Riverside Meadows
5617 60 Avenue
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5617 60 Avenue $1,470,000
$1,470,000
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5617 60 Avenue
Red Deer, Alberta T4N4W2

MLS® Number: A2175520

Listing Description

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 . (29787324)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
Riverside Meadows
Subdivision Name
Riverside Meadows
Title
Freehold
Land Size
17124.09 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)
Built in
1973
Annual Property Taxes
$12,813.78
Total Parking Spaces
12
Time on REALTOR.ca
17 days

Building

Building Features
Foundation Type
Poured Concrete
Total Buildings
1
Heating & Cooling
Heating Type
Baseboard heaters, (Natural gas)
Parking
Total Parking Spaces
12

Measurements

Square Footage
4045 sqft
Total Finished Area
4045 sqft
Exterior Building Size
4045 sqft

Land

Lot Features
Frontage
41.93 m
Land Depth
38.88 m
Other Property Information
Zoning Description
R2
Data provided by: Pillar 9™
Kim Stubbs
Associate Broker
780-974-3357
403-244-5315
REALTOR® Website
Email
Book showing
Sotheby's International Realty Canada
5111 Elbow Drive SW
CALGARY, Alberta T2V1H2
403-254-5315
403-244-5315

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Kim Stubbs