1-9, 5963 60 a Street

Apartment For Sale in Riverside Meadows, Red Deer

$1,090,000
  • 5,085 Sq. Ft.
  • Built 1976
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.
Address 1-9, 5963 60 a Street
List Price $1,090,000
Property Type Multi-Family
Type of Dwelling Apartment
Area Red Deer
Sub-Area Riverside Meadows
Floor Area 5,085 Sq. Ft.
Lot Size 11326 Sq. Ft.
Year Built 1976
MLS® Number A2164763
Listing Brokerage eXp Realty
Postal Code T4N6A4
Zoning R1

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RE/MAX Complete Realty Okotoks

RE/MAX Complete Realty Okotoks

29A Elizabeth St Okotoks Alberta T1S 1B1

Office: 403-407-2017

office@remaxcompleterealty.ca