This 2-storey apartment building at 7 - 4816 53 Street in Downtown Red Deer was constructed in 1977 and contains seven units comprising four two-bedroom/two-bathroom apartments and three studios. All units feature exterior entry, eliminating shared hallways. Off-street asphalt parking is available at the rear on an assigned basis. Recent market activity shows a sale at approximately $936,000. The building generated gross revenue of $84,365 in 2024 with operating expenses of $31,346. Before making an offer, prospective buyers should obtain and review the condo corporation's reserve fund study, financial statements, board meeting minutes, bylaws and insurance documentation to understand long-term funding obligations and governance.