$ 1,595,000
501, 5002 55th Street
Exterior view of a modern apartment building with large windows and balconies. - 501, 5002 55th Street, Red Deer
48 Photos
Aerial view of the apartment building surrounded by trees and overlooking a city. - 501, 5002 55th Street, Red Deer
Hallway with hardwood floors, beige walls, and abstract art. - 501, 5002 55th Street, Red Deer
5pc Bathroom - 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 6 Other - 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 7 Bedroom - 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 8 3pc Bathroom - 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 9 Office - 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 10 Den - 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 11 2pc Bathroom - 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 12 Breakfast - 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 13 Laundry room - 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 14 Storage - 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 15 Other - 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 16 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 17 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 18 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 19 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 20 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 21 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 22 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 23 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 24 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 25 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 26 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 27 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 28 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 29 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 30 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 31 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 32 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 33 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 34 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 35 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 36 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 37 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 38 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 39 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 40 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 41 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 42 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 43 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 44 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 45 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 46 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 47 501, 5002 55th Street, Red Deer, AB T4N7A4 Photo 48

501, 5002 55th Street, Red Deer

A rare offering of uncompromising luxury, this extraordinary signature penthouse residence at Elements at the River is one of Red Deer’s most prestigious homes. Perfectly positioned along the banks of the Red Deer River, this remarkable residence blends timeless elegance with contemporary sophistication, creating an unparalleled lifestyle reserved for the discerning buyer.Encompassing over 5,300 sq. ft. of impeccably designed living space, the residence is framed by dramatic floor-to-ceiling windows that capture sweeping views of the Red Deer River, panoramic city views, and the surrounding landscape. Every detail has been thoughtfully curated, offering an exceptional balance of luxury, comfort, and architectural beauty. Featuring three spacious bedrooms, three bathrooms, a private office, and four private balconies, this home is truly without comparison in Central Alberta.Designed with entertaining in mind, the spectacular chef’s kitchen is the centrepiece of the home, showcasing custom walnut cabinetry, dual quartz islands for preparation and gathering, premium Wolf appliances, a Sub-Zero refrigerator, and a walk-in pantry. A formal dining room, casual dining area, and an impressive entertaining bar complete with wine refrigerators, dishwasher, cappuccino maker, and a private wine room, creating an unforgettable setting for hosting family and guests.The grand open-concept living room is anchored by a striking floor-to-ceiling fireplace, creating a warm yet sophisticated setting for everyday living and entertaining. Floor-to-ceiling windows frame breathtaking views of the Red Deer River, panoramic city views, and the surrounding landscape, while four private balconies provide exceptional outdoor living spaces to enjoy the ever-changing scenery.The primary suite is a luxurious private retreat, featuring a spacious sitting area, private terrace, double-sided fireplace, and an exquisite spa-inspired ensuite with a freestanding soaker tub, fully tiled walk-in s hower, and dual vanities. Designed as a true sanctuary, it offers complete privacy, comfort, and sophistication.Residents enjoy exclusive access to a private fitness centre within this boutique, adult-only building. With only 10 residential suites in the five-storey tower, Elements at the River offers exceptional privacy, security, and prestige. Four heated, secure underground parking stalls and two private storage units complete this exceptional package.More than a residence, this is a legacy property—an exceptional expression of luxury, craftsmanship, and refined living, offering an unparalleled opportunity to own one of Red Deer’s most iconic penthouse homes. (id:1945)
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Property details for 501, 5002 55th Street, Red Deer

Type
Apartment
Bedrooms
3
Bathrooms
3
Living Area
5,209 square feet
Stories
6
Parking
Garage, Underground, Other, Heated Garage
Heating
In Floor Heating, Natural gas
Cooling
Central air conditioning
Exterior
Concrete, Stone
Ownership
Condo/Strata
Annual Taxes
$11,143 (2026)
Condo Fee
$2,205 / Monthly

Nearby Listings Stat

Estimated price and comparable properties near 501, 5002 55th Street

Active Listings
6
Min Price
$204,900
Max Price
$1,595,000
Avg Price
$567,350
Days on Market
48
days
Sold Listings
3
Min Sold Price
$275,000
Max Sold Price
$650,000
Avg Sold Price
$407,500
Days until Sold
44
days

Neighbourhood Census Data

Red Deer, Alberta

Population
806
Median Age
57.9
Median Income
$29,408
Dwelling Value
$299,442

Housing Tenure

Owners 42%
Renters 58%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.4
Pop. Density: 645.7/km²
Avg Shelter Cost: $894/mo
Owners with Mortgage: 18.2%
Owners Spending 30%+: 11.4%
Tenants Spending 30%+: 49.2%
English only: 94.6%
English and French: 4.7%
Neither: 0.7%
Median Household Income: $39,136
Median Employment Income: $28,160

Price History

Listed
August 5, 2026
by Coldwell Banker OnTrack Realty
Current Price
$1,595,000
Type
Apartment
For Sale
501, 5002 55th Street

Contact Agent Get in touch about 501, 5002 55th Street, Red Deer

Shelly James
Shelly James
Coldwell Banker OnTrack Realty

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