5502 58A Street

This low-rise apartment building on 58A Street in the Riverside Meadows community of Red Deer was built in 1990 and offers affordable, accessible housing for first-time buyers, investors, and downsizers. Units range from one to two bedrooms, and recent sales have averaged around $115,000, with monthly condo fees averaging roughly $534. The building benefits from proximity to Bower Ponds, the City Trail System, schools, and shopping. Laundry facilities and assigned parking are standard. Before finalizing a purchase, prospective buyers should have professional review of the reserve fund study, financial statements, board minutes, and bylaws to understand the building's long-term financial health and any upcoming obligations.