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