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Lexington Place

4820 47 Avenue, Red Deer, AB T4N 6B9

Lexington Place, at 4820 47 Avenue, is a condo building in the Downtown Red Deer area of Red Deer, Alberta. It was built in 1977 and stands 6 storeys tall.

Downtown Red Deer
Year Built
1977
Floors
6
Building Type
Mid-rise apartment

Market Overview

Avg Sold Price
$87,925.5
Median Sold
$85,127.5
Price Range
$80,000 – $99,000
Avg $/SqFt
$174.447
Sales (2yr)
10
Active Listings
2
Avg List Price
$89,200
Avg Days on Market
57.4

Last sale: Apr 11, 2026

Condo Fees

Avg Monthly Fee
$372.074
Median Fee
$379
Avg $/SqFt
$0.738
Units w/ Fee Data
12
Fee IncludesHeat, Water, Electricity

Building Features

ExteriorConcrete
AmenitiesCoin laundry, on-site property manager, on-site parking (some reserved with plug-in available for $25/month).
Building TypeMid-rise apartment
Floors6 storeys
Year Built1977

Policies

Pet PolicyPets restricted.
Rental PolicyRental allowed; on-site rental pool available.

Management

Management CompanyLaidley Management Ltd.

About This Building

Lexington Place, located at 4820 47 Avenue in downtown Red Deer, is a six-storey concrete mid-rise apartment building constructed in 1977 and comprising 55 units. The building offers affordable one- and two-bedroom suites within walking distance of transit, medical services, retail shopping, and the extensive trail system. Recent sales have averaged around $88,000, with monthly condo fees averaging roughly $372—a notably low figure due to utilities being fully included. An on-site property manager and convenient laundry facilities add to the practical appeal. Before committing to purchase, prospective buyers should have a professional review of the reserve fund study, financial statements, board minutes, bylaws, and insurance, given the building's age and to confirm its long-term financial health.

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