5210 61 AVENUE
Red Deer (Central Alberta) · T4H1L3
$699,900
About this residence
Cash flowing building in Olds! Great opportunity in a desirable area of Olds with green space in front and behind this 4-plex. Each corner unit offers 2 bedrooms, 1 bathroom, in-suite laundry, balconies, and separate furnaces, hot water tanks and water meters. There are 6 powered parking stalls. All units have undergone upgrades over the years, with major updates in the past decade, including exterior siding, asphalt shingles, eavestroughs, fascia, soffit, wood decks, as well as improvements to bathrooms, flooring, and painting. Photos are from when one unit was vacant - building is fully leased. Olds is home to a hospital, agricultural university, and excellent local services, plus quick access to the Calgary International Airport. One tenant currently has utilities included, while the others pay their own gas, power, water, sewer, and garbage. Looking ahead, the building has the potential to be condo-ized, with units sold off individually. Property is professionally managed. 1 new stove and 1 new dryer were purchased in the last couple of months. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Ownership
- Freehold
- Living area
- 1,994 sq ft
- Parking
- 6 spaces
- Year built
- 1978
- Annual tax
- $5,565
- MLS®
- A2277039
- Board
- Red Deer (Central Alberta)
- Status
- Inactive
- Listed
- Jan 5, 2026
- Updated
- Jan 6, 2026
Features & finishes
Exterior
- Brick
- Vinyl siding
Foundation
- Poured Concrete
Architecture
- Bi-level
Financing
Estimated monthly payment
$3,273/mo
Loan amount
$559,920
Down payment
$139,980
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 5210 61 AVENUE?
5210 61 AVENUE is listed for $699,900, in Red Deer (Central Alberta).
What type of home is 5210 61 AVENUE?
5210 61 AVENUE is a Multi-family, Multi-Family, built in 1978.
How large is 5210 61 AVENUE?
The home offers approximately 1,994 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 $3,273. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $5,565 per year.
Is there parking?
Yes — 5210 61 AVENUE includes 6 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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