5019 51 St, Redwater
Great investment opportunity in the heart of Redwater! This well-located 4-plex is close to schools, downtown amenities and a variety of local businesses. The property features two 2-bedroom suites and two 1-bedroom suites, providing a desirable mix of unit types. Numerous upgrades have been completed over the years, including windows, doors, flooring and furnaces, with new shingles installed in 2024. Each unit has its own dedicated storage room, while the property also includes a garden/storage shed. One of the suites enjoys the added benefit of a private deck, and the large private yard provides plenty of outdoor space for summer enjoyment. Located in a convenient area with no vacancies, this property offers an excellent opportunity for an investor looking to add a fully occupied multi-family property to their portfolio. (id:1945)
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Property details for 5019 51 St, Redwater
- Type
- Fourplex
- Style
- Bi-level
- Bedrooms
- 2
- Bathrooms
- 1
- Living Area
- 1,664 square feet
- Lot Size
- 1066.99
- Basement
- Finished, Full
- Parking
- Rear
- Heating
- Forced air, See remarks
- Ownership
- Freehold
Nearby Listings Stat
Estimated price and comparable properties near 5019 51 St
Active Listings
1
Min Price
$519,900
Max Price
$519,900
Avg Price
$519,900
Days on Market
4
days
Sold Listings
1
Min Sold Price
$119,900
Max Sold Price
$119,900
Avg Sold Price
$119,900
Days until Sold
35
days
Neighbourhood Census Data
Redwater, Alberta
Population
522
Median Age
48.5
Median Income
$39,296
Dwelling Value
$310,814
Housing Tenure
Owners 68%
Renters 32%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.2
Pop. Density: 128.0/km²
Avg Shelter Cost: $1,337/mo
Owners with Mortgage: 75.9%
Owners Spending 30%+: 25%
Tenants Spending 30%+: 35.7%
English only: 95.2%
English and French: 3.8%
Median Household Income: $69,120
Median Employment Income: $44,416
Price History
Listed
September 25, 2026
by RE/MAX Edge Realty
Current Price
$519,900
Type
Fourplex
For Sale
