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.
Address
5414 43 Street
List Price
$3,300,000
Property Type
Commercial
Type of Dwelling
Office
Transaction Type
Sale
Area
Red Deer
Sub-Area
Capstone at Riverlands
Lot Size
54745 Sq. Ft.
Year Built
1976
MLS® Number
A2268152
Listing Brokerage
Century 21 Maximum
Postal Code
T4N 1C9
Zoning
CAP-TD
Site Influences
Corner Lot