A rare opportunity to acquire a three-parcel commercial land assembly positioned in Red Deer’s Capstone District along 43 Street. This offering includes 5506, 5414, and 5420 43 Street, combining for a total building area of approximately 14,736 sq. ft. situated on a 5,086.02 sq. m. site.
The properties contain four commercial buildings with three tenants in place, creating immediate holding income while a purchaser advances redevelopment plans. The site lies within the CAP-TD (Capstone – Transit Oriented Development) district, where the City has identified strong interest in facilitating a commercial mixed-use, multi-tenant redevelopment.
CAP-TD zoning supports higher-density, market-driven development forms including street-level commercial, office, multi-storey residential, hospitality, and flexible mixed-use options, aligning with Capstone’s long-term riverfront vision. The assembly enjoys excellent access, strong visibility, and is located just a few blocks from the Red Deer Regional Hospital, a major regional anchor and employment hub.
With its positioning near the downtown core, trail system, and ongoing municipal investment in the Capstone area, this land assembly offers both current income and significant future redevelopment potential in one of Red Deer’s most actively supported urban districts.More details
Excellent Investment or Owner/User Property! This 5.02 acre property is located on the North West corner of the overpass at Highway 2 and Highway 11. There are two buildings on the land which total 25,852 SF. The North building is 13,736 SF and was renovated in 2014. It features 1,435 SF of office space with a mezzanine on the second floor, offering the same square footage. The shop area is 12,300 SF with a double drive-thru wash bay and 9 overhead doors; (4) 18' x 12' and (5) 14' x 14'. The South building is 12,116 SF and was fully constructed in 2014. This well-designed building features 3 drive-thru bays and (6) 20' x 16' overhead doors. There is an additional 1,056 SF of office space attached to this building as well. Both buildings have double compartment sumps and trench sumps, forced air and radiant heat, and the offices are air conditioned. The yard is a mix of gravel/pavement and is fenced. The North building is also available for lease, and the South building is fully tenanted.More details
Turn-key downtown commercial condo – 2,359 ft², DC-28 zoning, fully refreshed in 2022. Bright second-floor space now laid out with large open room, full wall of windows, 6 separate spaces, an open studio/showroom, kitchenette and washroom; electrical rough-ins make it easy to subdivide into up to five private rooms. Recent upgrade includes a $12 k rooftop HVAC unit and modern flooring/fixtures, so you can move in without cap-ex. With condo fees + 2025 taxes, owning works out cheaper than most downtown leases. DC-28 zoning welcomes medical/wellness, salon & esthetics, boutique retail, professional office or training uses. Own it for only $127 / ft². Quick possession available.More details
Data was last updated November 24, 2025 at 06:05 PM (UTC)
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