5418 and 5422 48 Avenue
Red Deer (Central Alberta) · T4H1G4
$1,478,000
About this residence
Fabulous location, walking distance to Olds College! Well maintained and managed, this property offers 2 - 4 plexes (2 bed, 1 bath units) on one title. Many capital cost expenditures done over the past 20 years: asphalt shingles - 15 years, windows and patio doors - 10 years, approx 6 of the 8 furnaces, hot water tanks as needed, electrical switches and outlets in 7 of the 8 units, decks redone, paint and flooring upgrades between tenancies. Each building features 2 main floor units, and 2 basement units. Photos are of 2 units when they were vacant, one main floor unit, and one basement unit. Building is fully occupied. 9 parking stalls, 8 of them energized. Tenants pay all utilities. Landlord pays garbage. Room to increase rents as some rents are below current market rates. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Ownership
- Freehold
- Living area
- 3,754 sq ft
- Parking
- 9 spaces
- Year built
- 1975
- Annual tax
- $7,407
- MLS®
- A2268282
- Board
- Red Deer (Central Alberta)
- Status
- Inactive
- Listed
- Nov 1, 2025
- Updated
- Jan 3, 2026
Features & finishes
Heating
- Forced air
- Natural gas
Foundation
- Poured Concrete
Parking
- Parking Pad
Financing
Estimated monthly payment
$6,912/mo
Loan amount
$1,182,400
Down payment
$295,600
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Red Deer (Central Alberta)
Nearby
About the area
Census · T4H- 11,831
- Population
- 44
- Median age
- $86,000
- Median income
- $348,000
- Median home value
- 74%
- Home ownership
- 21 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 5418 and 5422 48 Avenue?
5418 and 5422 48 Avenue is listed for $1,478,000, in Red Deer (Central Alberta).
What type of home is 5418 and 5422 48 Avenue?
5418 and 5422 48 Avenue is a Multi-family, Multi-Family, built in 1975.
How large is 5418 and 5422 48 Avenue?
The home offers approximately 3,754 sq ft of living space.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $6,912. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $7,407 per year.
Is there parking?
Yes — 5418 and 5422 48 Avenue includes 9 parking spaces.
What is the Red Deer (Central Alberta) area like?
Red Deer (Central Alberta) has a population of about 11,831, a median age of 44, a 74% home-ownership rate, with an average commute of about 21 minutes.
What is the average home value in Red Deer (Central Alberta)?
The median dwelling value in this area is approximately $348,000, based on census data via Neighbourly.
What is the median household income in Red Deer (Central Alberta)?
The median household income in this area is approximately $86,000.
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