$ 729,900

4811 48 Street, Red Deer

This two storey walk up stand alone building (slab on grade) is conveniently located directly across from Red Deer’s new Courthouse/Justice Centre and the Red Deer Transit Station hub. There are extensive developments on both floors- Main floor 14 offices and one boardroom; Second floor potential of 10 offices ( currently configured as 5 offices and 3 training rooms plus a boardroom). The building has historically been office use however main floor could be converted to a retail space. Second floor has separate entry and exits on the west side of the building; potential to be rented out as one or two units. Parking- surface parking at the rear of the building up to 7 vehicles ( 2 stalls are tandem); metered parking in front with multiple public and private offsite parking options all within 300 Feet of the building. Owners recently modernized/renovated the front of the building (2025)An excellent opportunity to purchase a downtown asset with a convenient location at an affordable price! Building is also available for lease; see MLS A2303514 (id:1945)
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Property details for 4811 48 Street, Red Deer

Type
Commercial
Living Area
8,000 square feet
Lot Size
5816.00
Heating
Forced air, Natural gas
Cooling
Fully air conditioned, See Remarks
Ownership
Freehold
Annual Taxes
$15,462 (2026)

Nearby Listings Stat

Estimated price and comparable properties near 4811 48 Street

Active Listings
147
Min Price
$89,000
Max Price
$5,700,000
Avg Price
$588,409
Days on Market
61
days
Sold Listings
53
Min Sold Price
$69,900
Max Sold Price
$2,499,900
Avg Sold Price
$422,404
Days until Sold
39
days

Neighbourhood Census Data

Red Deer, Alberta

Population
632
Median Age
53
Median Income
$30,016
Dwelling Value
$250,084

Housing Tenure

Owners 43%
Renters 56%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.5
Pop. Density: 1,992.4/km²
Avg Shelter Cost: $815/mo
Owners with Mortgage: 28.9%
Owners Spending 30%+: 13.5%
Tenants Spending 30%+: 51%
English only: 95.2%
English and French: 4%
Neither: 0.8%
Median Household Income: $42,453
Median Employment Income: $28,544

Price History

Listed
August 5, 2026
by Century 21 Maximum
Current Price
$729,900
Type
Commercial
For Sale
4811 48 Street

Contact Agent Get in touch about 4811 48 Street, Red Deer

Keith Acheson
Keith Acheson
Century 21 Maximum