Property Details

Address: 4733 - 54 Street, Red Deer, AB
Status: For Sale
Price: $3,150,000
Price Per Door: $105,000
No. of Units: 30
Cap Rate: 6.19%

Windmill Apartments is a 30 suite apartment building located at 4733 - 54
Street in Red Deer, Alberta. It is a three and a half storey, walk-up, wood frame
construction building that was built in 1981. There are balconies on the three
upper floors. There are 30 energized surface parking stalls, one per unit. Each
unit is individually metered.
The suite mix is 17 one-bedroom suites, 12 two-bedroom suites, and 1 threebedroom
suite.
A new boiler was installed in 2018, and the roof was redone in 2020.
The building is located in a quiet, peaceful neighbourhood, with transit stops
located within a five minute walk. It is also within close proximity to amenities
including restaurants, an established grocery chain, and the city’s major roadways.

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