Courtesy Of eXp Realty

4924 - 4928 50 Street, Red Deer


Investment opportunity! Own a historic piece of downtown Red Deer, with exceptional long term tenants, including Taco Loft, Velvet Olive, Ross Street Ice Cream, Oishidesu Ramen Shop and Bubble Tea. The property has had many improvements over the years including both street front façade and rear façade upgrades, removal of the gas service and running on Electricity cutting the utility costs by almost half! Hardwood flooring, plumbing, electrical upgrades, and many others. This building is situated in the middle of the Ross Street Entertainment District which is currently the only one of its kind in Canada! This makes it a great attraction year round, a host of live music, and events as well as steps from the downtown market that is host to lots of vendors every year in the summer months on Wednesdays. The property for sale will not include lot 7 - to be separated from title at the time of sale. Building is just over 11,000 sqft included in that space is a main floor of 5637saft and similar sqft on the 2nd floor. There is a basement in the front portion of the building and is host to storage and some mechanical equipment.

Essential Information
MLS® #A2045549
Year Built1929
Sub-TypeMixed Use
Community Information
Address4924 - 4928 50 Street
SubdivisionDowntown Red Deer
CityRed Deer
CountyRed Deer
Postal CodeT4N1X7
HeatingBaseboard, Electric
Lot DescriptionBack Lane
RoofFlat Torch Membrane
FoundationPoured Concrete
Additional Information
Date ListedMay 3rd, 2023
Days on Market146
Listing Details
OfficeCourtesy Of eXp Realty

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