304 - 6821 59 Avenue

This 12-unit low-rise apartment building in Normandeau, Red Deer was constructed in 1978 and offers a mix of two-bedroom and one-bedroom suites, with potential for a bachelor suite. Recent sales have averaged around $1,468,000. The building has undergone extensive recent renovations, including new roofing, heating systems, windows, and unit interiors with updated kitchens and flooring. With commercial laundry facilities and visitor parking, it presents as a turn-key rental investment. Before finalizing purchase, prospective buyers should obtain a professional review of the reserve fund study, financial statements, board minutes, and insurance documentation to assess the building's long-term maintenance obligations and financial health.