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6323 59 Avenue

Red Deer T4N 5P9

MLS® Number:  A2272222

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  • Home \
  • Red Deer \
  • Highland Green Estates \
  • 6323 59 Avenue

$ 650,000

0

BEDROOMS

0 + 0

BATHROOMS

1974

YEAR BUILT

https://www.cirrealty.ca/reb/creb/22/A2272222_2.jpg

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MLS® Number
A2272222
PROPERTY TYPE
4 plex
LISTING DATE
November-26-2025

This well-maintained 4-plex in Highland Green presents an outstanding investment opportunity with a stabilized CAP rate of 7.3%, and an impressive annual gross revenue of $67,668, with tenants responsible for ALL utilities. Recent updates include a newer roof, updated windows on the lower levels, and one unit featuring newer windows throughout. Each unit offers a comfortable bi-level design with 2 bedrooms and 1 bathroom, complete with in-suite laundry. The upper level hosts the kitchen, dining, and living areas, while the lower level features the bedrooms, bathroom, and laundry, enhanced by large windows that welcome abundant natural light. With gross monthly rents of $5,639, this property provides excellent cash flow. Each unit also includes an electrified parking stall in the back and additional off-street parking. Located near essential amenities such as the GH Dawe Pool, schools, shopping, and public transit, this 4-plex combines functional design, strong cash flow, and a prime location, making it an ideal opportunity for investors.

COMMUNITY  Highland Green Estates
PROPERTY TYPE  4 plex
BUILDING TYPE  Four Plex
STYLE  N/A
YEAR BUILT 1974
SQUARE FOOTAGE  1,806
BEDROOMS  0
BATHROOMS  0
BASEMENT  Full
AMENITIES 
APPLIANCES  Dryer, Electric Stove, Refrigerator, Washer, Window Coverings
COOLING  None
FIREPLACE  N/A
FLOORING 
HEATING  Central, Forced Air, Natural Gas
LAUNDRY 
LOT FEATURES 
PARKING  Alley Access, Off Street, Stall
RESTRICTIONS  None Known
ROOF 
TITLE  Fee Simple
BROKER  Real Broker

 

 

ROOMS DIMENSIONS (m) LEVEL
Picture for 7 Nyberg Avenue Picture for 7 Nyberg Avenue Picture for 7 Nyberg Avenue Picture for 7 Nyberg Avenue Picture for 7 Nyberg Avenue

7 Nyberg Avenue

Red Deer

2086 sqft | 0 Beds | 0 + 0 Baths    

$689,000 View

Picture for 5817 53 Avenue Picture for 5817 53 Avenue Picture for 5817 53 Avenue Picture for 5817 53 Avenue Picture for 5817 53 Avenue

5817 53 Avenue

Red Deer

1757 sqft | 0 Beds | 0 + 0 Baths    

$550,000 View

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Data supplied by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE MLS® System. CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.Copyright [2024] by the REALTORS® Association of Edmonton. All Rights Reserved.