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5617 60 Avenue
Riverside Meadows (Red Deer) Red Deer T4N 4W2

$1,470,000
Commercial

Main Photo: 5617 60 Avenue: Red Deer Multi Family for sale : MLS®# A2175520
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
A2175520
Build. Type:
Condo Complex
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 .
Property Type:
Commercial
Property Sub Type:
Multi Family
Transaction Type:
For Sale
Possession:
Possession Date:
Building Type:
Condo Complex, Low Rise (2-4 stories)
Total Building Area:
4,044.69 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
17,124 sq. ft.
Lot Frontage:
137'7"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Year built:
1973 (Age: 51)
Bathrooms:
- (Full:-, Half:-)
Plan:
0729407
Heating:
Baseboard, Boiler, Natural Gas
Foundation:
Poured Concrete
Building Name:
Raventhorpe
Structure Type:
Low Rise (2-4 stories)
Roof:
Flat
Ensuite:
No
Garage:
0
Parking Places:
12.0
Parking Total/Covered:
12 / -
Riverside Meadows (Red Deer)
Token operated Washers (2) and Dryers (2)
Easement Registered On Title, Utility Right Of Way
Title to Land:
Fee Simple
Access To Property:
Accessible to Major Traffic Route
Num. of Parcels:
0
Region:
Red Deer
Zoning:
R2
Listed Date:
Nov 03, 2024
Days on Mkt:
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Larger map options:
Listed by Sotheby's International Realty Canada
Data was last updated December 12, 2024 at 10:05 AM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.