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101 - 308 3815 51A Street
Michener Hill (Red Deer) Red Deer T4P 1H4

$3,780,000
Multi-Family 6,180 sq. ft. built: 1976

Main Photo: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
Photo 1: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
Photo 2: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
Photo 3: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
Photo 4: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
Photo 5: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
Photo 6: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
Photo 7: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2172536
Year Built:
1976
Well maintained 3-storey 24 suite apartment building located in a desirable and convenient location across from the Michener Recreational Center. All Tenants are on 1-year leases with various expiry dates except for 2 long-term Tenants and 1 vacant 2-bedroom suite to be fully renovated. There are five 2-bedroom suites, eighteen 1-bedroom suites and 1 bachelor suite. Each of the 1 and 2-bedroom units have a storage room, living room, entrance/hallway closet, 4-piece bathroom, kitchen and dinning area. All 2nd and 3rd floor units have a sliding door to a balcony. Over the past 7 years complete renovations including vinyl plank flooring, all new appliances including the addition of dishwashers, painting, new bathroom and kitchen cabinets and counter tops, room and closet doors, all moldings and casings, electrical fixtures and plumbing fixtures have been completed to two of the 2-bedrooms, fourteen of the 1-bedrooms and the bachelor suite. A 2-bedroom apartment will be vacated and full renovations started October 1, 2024. Partial renovations have been made to two of the 2-bedrooms and three of the 1-bedroom suites. There are two units left to renovate, which will provide a potential increase in rental revenue for the building. Additional renovations and updates to the common hallways and stairwells include new carpet/flooring, painting, reflective window film, LED lighting, new make-up air unit with air conditioning and a video security system with cameras at all entrances/exits, parking lot, the common hallways and stairwells. There is a common laundry room on the 1st/ground floor with 2 new token operated washers and gas dryers. Parking lot is paved and each suite has its own designated parking spot. There are 9 visitor parking spots as well as lots of available street parking. There is a live-in caretaker who looks after cleaning common hallways and stairwells, lawn cutting and snow removal and is remunerated with a rent reduction of $450.00.
Property Type:
Multi-Family
Property Sub Type:
Apartment
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
6,179.5 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
30,056 sq. ft.
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Stories Total:
3
Year built:
1976 (Age: 49)
Bathrooms:
- (Full:-, Half:-)
Plan:
5024TR
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Garage:
0
Parking:
Stall
Parking Places:
33
Parking Total/Covered:
33 / -
Michener Hill (Red Deer)
N/A
Non-Smoking Building, Pets Not Allowed
No
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Red Deer
Zoning:
R3
Listed Date:
Nov 12, 2024
Days on Mkt:
  • Photo 1: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
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  • Photo 2: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
    Photo 2 of 7
  • Photo 3: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
    Photo 3 of 7
  • Photo 4: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
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  • Photo 5: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
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  • Photo 6: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
    Photo 6 of 7
  • Photo 7: 101 - 308 3815 51A Street: Red Deer Apartment for sale : MLS®# A2172536
    Photo 7 of 7
Listed by Century 21 Maximum
Data was last updated March 19, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$944,500
Min list price:
$630,000
Max list price:
$3,780,000
Avg days on market:
76
Min days on market:
7
Max days on market:
196
Avg price per sq.ft.:
$303.69
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706