6323 59 Avenue Red Deer, Alberta T4N 5P9
$650,000
This well-maintained 4-plex in Highland Green presents an outstanding investment opportunity with a stabilized CAP rate of 7.3%, and an impressive annual gross revenue of $67,668, with tenants responsible for ALL utilities. Recent updates include a newer roof, updated windows on the lower levels, and one unit featuring newer windows throughout. Each unit offers a comfortable bi-level design with 2 bedrooms and 1 bathroom, complete with in-suite laundry. The upper level hosts the kitchen, dining, and living areas, while the lower level features the bedrooms, bathroom, and laundry, enhanced by large windows that welcome abundant natural light. With gross monthly rents of $5,639, this property provides excellent cash flow. Each unit also includes an electrified parking stall in the back and additional off-street parking. Located near essential amenities such as the GH Dawe Pool, schools, shopping, and public transit, this 4-plex combines functional design, strong cash flow, and a prime location, making it an ideal opportunity for investors. (id:52784)
Property Details
| MLS® Number | A2272222 |
| Property Type | Multi-family |
| Neigbourhood | Highland Green Estates |
| Community Name | Highland Green Estates |
| Parking Space Total | 5 |
| Plan | 3251tr |
Building
| Appliances | Washer, Refrigerator, Stove, Dryer, Window Coverings |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1974 |
| Cooling Type | None |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Central Heating, Forced Air |
| Size Interior | 1,806 Ft2 |
| Total Finished Area | 1806 Sqft |
| Type | Multi-family |
Parking
| Other |
Land
| Acreage | No |
| Size Irregular | 7257.00 |
| Size Total | 7257 Sqft|7,251 - 10,889 Sqft |
| Size Total Text | 7257 Sqft|7,251 - 10,889 Sqft |
| Zoning Description | R-m |
https://www.realtor.ca/real-estate/29139578/6323-59-avenue-red-deer-highland-green-estates
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December 01 2025 03:01:02
Calgary Real Estate Board
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