This is an affordable downtown Red Deer property with an illegal suite, exceptional future potential. Situated on a 50 x 125 ft lot, the main floor features soaring ceilings and a stylish loft that overlooks the bright, open living space. Below, a separate walk-out basement unit has its own ground-level entrance to the back yard. Each level provides two bedrooms or offices, a full kitchen, and a bathroom, with a shared laundry area between them. The entire historic home has been extensively upgraded over the years, including newer windows, furnace, electrical, a new hot-water tank, eavestroughs, and brand-new shingles installed in August 2025. Off-street parking is plentiful at the rear.Zoned C1, the lot is ideally positioned for redevelopment and the City has previously approved a 10,000-square-foot mixed-use project on the site. With many government incentives available for downtown redevelopment and no nearby residential neighbourhood to trigger complaints, this property represents an excellent opportunity to enter the market, secure income in the meantime, and plan a future multi-level apartment or commercial building. (id:57594)
| MLS® Number | A2254728 |
| Property Type | Single Family |
| Neigbourhood | Downtown |
| Community Name | Downtown Red Deer |
| Amenities Near By | Playground, Schools, Shopping |
| Parking Space Total | 4 |
| Plan | K |
| Structure | Deck |
| View Type | View |
| Bathroom Total | 2 |
| Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 4 |
| Amenities | Laundry Facility |
| Appliances | Refrigerator, Dishwasher, Stove, Washer/dryer Stack-up |
| Basement Development | Partially Finished |
| Basement Features | Separate Entrance |
| Basement Type | Full (partially Finished) |
| Constructed Date | 1939 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Flooring Type | Carpeted, Laminate, Slate, Tile |
| Foundation Type | See Remarks, Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 895 Ft2 |
| Total Finished Area | 895 Sqft |
| Type | House |
| Gravel | |
| Other |
| Acreage | No |
| Fence Type | Not Fenced |
| Land Amenities | Playground, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 38.1 M |
| Size Frontage | 15.24 M |
| Size Irregular | 6375.00 |
| Size Total | 6375 Sqft|4,051 - 7,250 Sqft |
| Size Total Text | 6375 Sqft|4,051 - 7,250 Sqft |
| Zoning Description | C1 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Third Level | Bonus Room | 11.00 Ft x 10.00 Ft | ||
| Basement | Bedroom | 10.00 Ft x 10.00 Ft | ||
| Basement | Bedroom | 8.00 Ft x 10.00 Ft | ||
| Lower Level | 3pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 10.00 Ft x 10.00 Ft | ||
| Main Level | Living Room | 16.00 Ft x 12.92 Ft | ||
| Main Level | 3pc Bathroom | Measurements not available | ||
| Upper Level | Bedroom | 10.58 Ft x 10.42 Ft |
https://www.realtor.ca/real-estate/28862702/4823-53-street-red-deer-downtown-red-deer
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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