This C1 ZONED property sits on a sloped lot in downtown Red Deer. The main floor is flexible as a fully contained residential suite or could be an office space which could work great as a lawyer office or any commercial enterprise. The separate basement unit walks out to ground level to the back and provides excellent exposure to Gaetz avenue for additional potential business or residential income. It has been upgraded including new windows, furnace, electrical, water services brand new hot water tank. There are 2 kitchens, 2 bathrooms and 2 bedrooms/offices on each floor with a shared Laundry area between. The main floor also has a nice loft overlooking the rest of the floor. There is plenty of parking at the back. It currently has tenants renting for only $1650/month but could be open to an increase. If you are tired of paying for commercial leases, this is an affordable way to operate and build equity. An excellent investment or opportunity for small business.
Data was last updated January 22, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
167
Avg list price:
$449,000
Min list price:
$79,900
Max list price:
$2,200,000
Avg days on market:
32
Min days on market:
1
Max days on market:
254
Avg price per sq.ft.:
$339.16
These statistics are generated based on the current listing's property type
and located in
Red Deer. Average values are
derived using median calculations.
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™.
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