- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2272222
- Year Built:
- 1974
- Photos (37)
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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.
- Property Type:
- Multi-Family
- Property Sub Type:
- 4 plex
- Transaction Type:
- For Sale
- Total Living Area:
- 1,806 sq. ft.
- Lot Area:
- 7,257 sq. ft.
- Year built:
- 1974 (Age: 51)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- 3251TR
- Heating:
- Central, Forced Air, Natural Gas
- Basement:
- Full, Finished
- Foundation:
- Poured Concrete
- Structure Type:
- Four Plex
- Ensuite:
- No
- Cooling:
- None
- Garage:
- No
- Parking:
- Alley Access, Off Street, Stall
- Parking Places:
- 5
- Parking Total/Covered:
- 5 / -
- Highland Green Estates (Red Deer)
- Dryer, Electric Stove, Refrigerator, Washer, Window Coverings
- Washer x 4, Dryer x 4, Fridge x 4, Stove x 4, Window Coverings
- None Known
- Title to Land:
- Fee Simple
- Num. of Parcels:
- 0
- Region:
- Red Deer
- Zoning:
- R-M
- Listed Date:
- Nov 26, 2025
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Listed by Real Broker
Data was last updated November 30, 2025 at 04:05 PM (UTC)
Area Statistics
- Listings on market:
- 10
- Avg list price:
- $832,000
- Min list price:
- $630,000
- Max list price:
- $3,780,000
- Avg days on market:
- 56
- Min days on market:
- 11
- Max days on market:
- 208
- Avg price per sq.ft.:
- $311.33
These statistics are generated based on the current listing's property type
and located in
Red Deer. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- BETH MACINNIS
- REAL BROKER
- 1 (403) 6130675
- Contact by Email
Your Trusted Partner in Real Estate. Contact me at 403-613-0675 for all your property needs.
Quick Links
Contact Me
Cell: 403-613-0675
beth@bethmacinnis.com
Head Office
1816 Crowchild Trail NW, Suite 700
Calgary, AB, T2M 3Y7