Sierra Grand

Sierra Grand is a well-maintained 55+ adult community low-rise apartment building built in 1999 located at 4805 45 Street in Downtown Red Deer. The four-storey complex features 1-, 2- and 3-bedroom units with amenities including an indoor salt-water pool, hot tub, fitness centre, woodworking shop, car wash, and guest suites. Recent sales have averaged around $294,000, with monthly condo fees averaging roughly $700. The building's 2026 city-assessed value averages approximately $158,000 per unit. Before finalizing your purchase in this active adult community, a professional review of the condo documents—including reserve fund study, financial statements, board minutes, and bylaws—is essential to understand the financial health and governance of the property.