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Nice 4 plex located in Oriole Park. All of the units are a bi-level style. The main floor has a spacious living room, galley style kitchen, eating area (with patio doors out to the deck) and there is a 2 pce bath. Downst
Fully rented 4plex with 3 bedroom, 1 bathroom units and excellent tenants. Situated on a quiet crescent and backing on to a treed reserve with a playground, these units are also walking distance to multiple schools and
Fully renovated 4plex with 3 bedroom, 1 bathroom units. Situated on a quiet crescent and backing on to a treed reserve with a playground, these units are also walking distance to multiple schools and great for families.
If you’re looking for an income generating property with potential for further growth- this is it! 15 suite apartment building currently sitting at 73% occupancy. This building consists of 13 - 1 bedroom + 1 bath suite
Nestled amongst some trees sits this Renovated, 100% occupied, 6 plex that has a suite mix of 4 two bedroom and 2 three bedroom suites. Very unique building located in the Fine Community of West Park. The 3 upper units
Well maintained 3-storey 24 suite apartment building located in a desirable and convenient location across from the Michener Recreational Center. All Tenants are on 1-year leases with various expiry dates except for 2 lo
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
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
Well maintained 3-storey 24 suite apartment building located in a desirable and convenient location across from the Michener Recreational Center. All Tenants are on 1-year leases with various expiry dates except for 2 lo
A great start or addition to your investment portfolio, 4 individually titled townhouse condominiums. Rare to find such an attractive unique complex that has a great location on the south side across from the park and t
Well cared for and fully occupied 6-plex in a great location close to transit and very walkable! This well maintained building has units recently updated and renovated in the past 2 years. The monthly rents range from $1
Investment opportunity in desirable Red Deer! Presenting a fully rented 8 suite apartment building in Red Deer. All units are 2 bedrooms with 1 bath. All units are in great shape and 4 are undergone renovations in the re
Spectacular, one-of-a-kind estate with a view of the city, nestled on 22.8 acres. No expense was spared on this stunning property, offering two luxury residences combined into one building, ideal for aging parents or ex
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Red Deer offers a range of apartment buildings for sale, from small walk-ups to larger multi-unit complexes. You'll find options to suit various investment goals and budgets in this growing central Alberta city.
Red Deer sits halfway between Calgary and Edmonton, making it a key hub in Alberta. The city has a population of about 101,100 as of 2024.
Red Deer's economy is diverse, with sectors like oil and gas, agriculture, and healthcare driving growth. This variety helps keep the rental market stable.
The city has great amenities, including parks, schools, and shopping centres. These features make Red Deer attractive to renters, which is good news for apartment building owners.
You'll find different styles of apartment buildings listed for sale in Red Deer:
Low-rise buildings (2-4 storeys)
Mid-rise apartments (5-12 storeys)
High-rise towers (13+ storeys)
Converted houses with multiple units
Some buildings offer basic amenities, while others have luxuries like gyms and party rooms. Newer condos tend to have more modern features.
Prices vary based on:
Location
Building age
Number of units
Condition
Rental income potential
Whether you're looking for a small 6-unit building or a large 100+ unit complex, Red Deer has options to explore.
Red Deer's apartment market is changing quickly. Prices and demand are shifting, with new trends emerging for buyers and sellers.
The apartment market in Red Deer is hot right now. Prices have gone up about 5% since last year. Many people are looking to buy, which means there aren't as many places for sale.
Here are some key trends:
Most apartments sell within 30 days of being listed
The average price for a 2-bedroom apartment is $230,000
Newer buildings with amenities are in high demand
If you're thinking of buying, you might want to work with a commercial Realtor®. They can help you find hidden gems and get the best deal. Many MLS® listings don't stay up for long, so you need to act fast.
Also, the real estate market moves quickly, and apartment buildings for rent in Red Deer can be highly sought after due to the city’s growing population and demand for rental spaces.
The local vacancy rate is near zero, indicating a high demand for apartments in Red Dee.The city aims to provide various housing opportunities for different family sizes, age ranges, and income levels. If you're planning to buy, now might be a good time. Prices are likely to keep going up. But remember, the market can change.
While these projections and developments suggest growth in Red Deer's apartment market, it's important to note that economic conditions can be challenging to predict long-term. The City of Red Deer is advised to take a cautious approach when determining future housing demand, allowing for adjustments based on realized demand. But remember, the market can change. It's always smart to do your research and talk to a commercial real estate agent before you buy.
When buying apartment buildings in Red Deer, you'll want to look at a few important things. These include where the building is, what shape it's in, and how much money it can make.
The spot you pick for your apartment building matters a lot. Look for areas close to schools, shops, and parks. These places tend to attract more renters. Red Deer has many nice neighbourhoods to choose from.
Think about how easy it is to get around. Are there bus stops nearby? Can people walk to work or stores? Good transit and walkability make a building more appealing.
Check out the area's safety. Talk to locals and look up crime stats. Safe neighbourhoods are better for both you and your tenants.
Don't forget about future plans for the area. New shops or roads coming soon could make your commercial property more valuable later on.
Take a close look at how old the building is and what shape it's in. Newer buildings often need less work, but they can cost more to buy.
Check big things like the roof, walls, and pipes. These can be costly to fix if they're old or damaged. Look for signs of water damage or cracks in the walls.
Ask about recent upgrades. Has the heating system been replaced? Are the windows new? These improvements can save you money down the road.
Think about parking, too. Is there enough for all the tenants? Good parking can make your building more attractive to renters.
Look at how much rent the building brings in now. This will give you an idea of what you can expect to earn.
Check if the rent prices are fair for the area. You might be able to raise them a bit if they're too low.
Think about ways to boost income. Could you add laundry machines or storage units? These extras can bring in more money.
Look at the types of units in the building. A mix of one-bedroom and two-bedroom apartments can appeal to different renters.
Consider the building's expenses, too. Things like property taxes and insurance will affect your profits. Make sure you have a clear picture of all costs.
Red Deer's apartment market offers solid potential for investors. The city's steady growth and diverse economy create a strong foundation for rental demand. Let's look at the future of apartment investments in this Alberta hub.
Red Deer's population is rising, which bodes well for apartment owners. More people means more renters looking for homes. The city's job market is also growing, attracting workers who need living places.
You might find your dream home in a Red Deer apartment building. Many investors live in one unit while renting out the others. This can help you build wealth for retirement.
The oil and gas industry isn't Red Deer's only economic driver anymore. The city is working to diversify, which could lead to more stable rental demand.
Keep an eye on new developments. Red Deer is expanding, and new neighbourhoods could offer fresh investment chances. This shift could lead to a more consistent demand for rental properties, including Red Deer commercial real estate, which is poised for long-term growth.
Remember, commercial property values tend to climb over time. Your apartment building could be worth much more in the future.
In addition to expanding neighbourhoods, new infrastructure projects are in the works, further supporting the city’s development and growth. As the demand for office spaces and specialized buildings rises, properties such as office buildings for sale in Red Deer and medical buildings for sale in Red Deer are becoming increasingly attractive to investors looking to capitalize on the city’s upward trajectory.
The purchasing process for buying an apartment building in Red Deer, Alberta, involves identifying the right apartment building property, securing financing, placing an offer, and proceeding through legal processes, including inspection and appraisal. Working with a knowledgeable commercial business broker/agent and lawyer is recommended to help navigate Alberta's commercial laws and procedures.
When buying an apartment building in Red Deer, consider factors such as the potential return on investment, location, age and condition of the building, the cost of maintenance or necessary renovations, and the current market conditions in the area. Also, understanding the local rental laws and regulations is crucial.
Yes, buyers should acquaint themselves with Alberta's Real Estate Act, local zoning laws, taxes, and specific bylaws in Red Deer that are relevant to apartment building ownership and rental properties. It's also advised to consider Canadian federal regulations regarding ownership and investment.
Located between Calgary and Edmonton, Red Deer is a mid-sized city that offers options for commercial real estate investors.For more insights on commercial real estate investing in Calgary, you can refer to these real estate investing tips.
Investing in apartment buildings in Red Deer can offer a steady rental income, potential commercial property appreciation, and a growing demand for rental properties due to the city's central location between Calgary and Edmonton. Also, Red Deer’s mid-sized market provides opportunities for investors looking for lower competition compared to larger cities.
https://worldpopulationreview.com/canadian-cities/red-deer-population
https://www.alberta.ca/residential-tenancies.aspx
https://www.qp.alberta.ca/documents/Acts/r05.pdf
https://www.quora.com/What-are-some-tips-for-real-estate-investing-in-Calgary-Alberta-Canada
Discovering the best deals on Commercial Properties in Red Deer, Alberta requires thorough research. Take into account factors such as location, size, amenities, and future growth potential. Explore the three most popular offers:
Apartment Building at 96 Oak Street , Apartment Building at 28 Gilchrist Crescent and Apartment Building at 24 Gilchrist Crescent .
The average price of Commercial Properties in Red Deer, Alberta is influenced by various factors. On average, prices range from $1,804,115. However, conducting a comprehensive market analysis is essential to grasp specific pricing trends in your desired area.
Find comprehensive information about Commercial Properties in Red Deer, Alberta on Find Businesses 4 Sale! Explore our catalog of offers, and if you have any questions, feel free to contact us; we're here to help! Meanwhile, consider checking out the three newest listings:
Apartment Building at 96 Oak Street , Apartment Building at 28 Gilchrist Crescent and Apartment Building at 24 Gilchrist Crescent . .
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