6323 59 Avenue Red Deer, Alberta T4N 5P9
$650,000
This WELL-MAINTAINED 4-PLEX in Highland Green offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67,668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5,639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns. (id:52784)
Property Details
| MLS® Number | A2279308 |
| Property Type | Multi-family |
| 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/29252838/6323-59-avenue-red-deer-highland-green-estates
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January 21 2026 07:32:33
Calgary Real Estate Board
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