4405 48 Avenue

This four-storey low-rise apartment building at 4405 48 Avenue in Downtown Red Deer was constructed in 1980 and offers affordable entry-level living in a well-established neighbourhood. Units are modest one-bedroom apartments featuring wood-burning fireplaces and storage space. Recent sales have averaged around $90,000, with monthly condo fees of approximately $450. The building's prime location near the Red Deer Recreation Centre, Rotary Park, and trail systems makes it attractive for both first-time buyers and investors seeking modest returns. Before committing to a purchase, prospective buyers should have the condo corporation's reserve fund study, financial statements, board minutes and bylaws reviewed by a qualified professional to understand the building's long-term financial health and any upcoming capital projects.