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5212 48 St 2,203 - 2,506 SF Condo Units Offered at $449,882 - $555,096 Per Unit in Red Deer, AB T4N 7C3
Investment Highlights
- Provides convenient access and strong visibility within the city’s core trade area.
- Established professional tenants.
- Natural light and exterior visibility supported by large front windows.
- Uses supported under DC Direct Control zoning for office and retail operations.
- Flexible unit sizes suitable for professional office, dental, and retail users.
- Shared surface parking and accessible pedestrian-friendly plaza design.
Executive Summary
Heritage Village Condos at 5212 48 Street in Red Deer, Alberta is a 2001-built commercial condominium investment situated near Taylor Drive in a central, easily accessible location. The offering features an office component leased to Shajani CPA and a street oriented retail component leased to National Hearing Services Inc. o/a Connect Hearing, providing diversified income from established professional and medical related tenants. With strong in-place income, flexible lease terms on the office side, and a long term retail lease with renewal options, this property presents a compelling opportunity for investors seeking stable cash flow in a well positioned Red Deer asset.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 7.51% |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.51% |
Description
The unit features a large reception and waiting area, boardroom, private offices, plenty of natural light, and large building signage facing Taylor drive and the common parking area. Unit C105 is main floor retail medical condo leased by Connect Hearing who have been tenants since 2013. The unit has tasteful upgrades, large reception and waiting area, nursing station, private exam rooms, and a large lunchroom / kitchenette area.
Sale Notes
Prime investment opportunity to purchase two condos in Heritage Village, Red Deer. This busy commercial center offers professional property management, excellent parking for staff and clientele, easy access to Taylor Drive and Ross Street, steps away from the newly anticipated Capstone development, Red Deer River trail system, and the Red Deer Regional Hospital. Unit A203 is a second floor sale-leaseback opportunity with Shajani CPA, Chartered Professional Accountants & Advisors. Preference is to sell both units together as a package.
| Sale Type | Investment or Owner User | Cap Rate | 6.95% |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.95% |
Description
The unit features a large reception and waiting area, boardroom, private offices, plenty of natural light, and large building signage facing Taylor drive and the common parking area. Unit C105 is main floor retail medical condo leased by Connect Hearing who have been tenants since 2013. The unit has tasteful upgrades, large reception and waiting area, nursing station, private exam rooms, and a large lunchroom / kitchenette area.
Sale Notes
Prime investment opportunity to purchase two condos in Heritage Village, Red Deer. This busy commercial center offers professional property management, excellent parking for staff and clientele, easy access to Taylor Drive and Ross Street, steps away from the newly anticipated Capstone development, Red Deer River trail system, and the Red Deer Regional Hospital. Unit A203 is a second floor sale-leaseback opportunity with Shajani CPA, Chartered Professional Accountants & Advisors. The unit features a large reception and waiting area, boardroom, private offices, plenty of natural light, and large building signage facing Taylor drive and the common parking area. Unit C105 is main floor retail medical condo leased by Connect Hearing who have been tenants since 2013. The unit has tasteful upgrades, large reception and waiting area, nursing station, private exam rooms, and a large lunchroom / kitchenette area. Preference is to sell both units together as a package.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit A203 | 2,506 SF | Office | $449,882 USD ($179.52 USD/SF) | $33,802.86 USD |
| Unit C105 | 2,203 SF | Retail | $555,096 USD ($251.97 USD/SF) | $38,570.99 USD |
Unit A203
| Unit Size |
| 2,506 SF |
| Condo Use |
| Office |
| Price |
| $449,882 USD ($179.52 USD/SF) |
| NOI |
| $33,802.86 USD |
Unit C105
| Unit Size |
| 2,203 SF |
| Condo Use |
| Retail |
| Price |
| $555,096 USD ($251.97 USD/SF) |
| NOI |
| $38,570.99 USD |
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Unit A203
| Unit Size | 2,506 SF |
| Condo Use | Office |
| Price | $449,882 USD ($179.52 USD/SF) |
| NOI | $33,802.86 USD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.51% |
| Description | |
| The unit features a large reception and waiting area, boardroom, private offices, plenty of natural light, and large building signage facing Taylor drive and the common parking area. Unit C105 is main floor retail medical condo leased by Connect Hearing who have been tenants since 2013. The unit has tasteful upgrades, large reception and waiting area, nursing station, private exam rooms, and a large lunchroom / kitchenette area.</li></ul> | |
| Sale Notes | |
| Prime investment opportunity to purchase two condos in Heritage Village, Red Deer. This busy commercial center offers professional property management, excellent parking for staff and clientele, easy access to Taylor Drive and Ross Street, steps away from the newly anticipated Capstone development, Red Deer River trail system, and the Red Deer Regional Hospital. Unit A203 is a second floor sale-leaseback opportunity with Shajani CPA, Chartered Professional Accountants & Advisors. Preference is to sell both units together as a package.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit C105
| Unit Size | 2,203 SF |
| Condo Use | Retail |
| Price | $555,096 USD ($251.97 USD/SF) |
| NOI | $38,570.99 USD |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.95% |
| Description | |
| The unit features a large reception and waiting area, boardroom, private offices, plenty of natural light, and large building signage facing Taylor drive and the common parking area. Unit C105 is main floor retail medical condo leased by Connect Hearing who have been tenants since 2013. The unit has tasteful upgrades, large reception and waiting area, nursing station, private exam rooms, and a large lunchroom / kitchenette area.</li></ul> | |
| Sale Notes | |
| Prime investment opportunity to purchase two condos in Heritage Village, Red Deer. This busy commercial center offers professional property management, excellent parking for staff and clientele, easy access to Taylor Drive and Ross Street, steps away from the newly anticipated Capstone development, Red Deer River trail system, and the Red Deer Regional Hospital. Unit A203 is a second floor sale-leaseback opportunity with Shajani CPA, Chartered Professional Accountants & Advisors. The unit features a large reception and waiting area, boardroom, private offices, plenty of natural light, and large building signage facing Taylor drive and the common parking area. Unit C105 is main floor retail medical condo leased by Connect Hearing who have been tenants since 2013. The unit has tasteful upgrades, large reception and waiting area, nursing station, private exam rooms, and a large lunchroom / kitchenette area. Preference is to sell both units together as a package.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 5,891 SF | Typical Floor Size | 5,545 SF |
| Property Type | Office | Year Built | 2001 |
| Building Class | B | Lot Size | 2.21 AC |
| Floors | 1 | Parking Ratio | 4.33/1,000 SF |
| Zoning | DC - Direct Control | ||
| Total Building Size | 5,891 SF |
| Property Type | Office |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 5,545 SF |
| Year Built | 2001 |
| Lot Size | 2.21 AC |
| Parking Ratio | 4.33/1,000 SF |
| Zoning | DC - Direct Control |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Exceptionally bikeable
90/100
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5212 48 St
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