A rare high-yield commercial investment located directly within the growth corridor surrounding the Red Deer Regional Hospital Centre Redevelopment — one of Alberta’s largest healthcare infrastructure upgrades. This major provincial investment is expected to significantly increase demand for medical, professional, hospitality, and mixed-use development in the immediate area, directly benefiting this property’s long-term value.
The site is 1.94 acres within the C4 – Major Arterial Commercial Zone, fully leased to three stable tenants: a Japanese restaurant, a bakery & café, and a bar & lounge, generating net rental income of $374,524/Y. The building was originally constructed in 1962, with substantial renovations completed in 1998–1999, 2005, 2008, and 2014, ensuring ongoing functionality and tenant appeal.
A major advantage of this offering is the large portion of vacant land included on the site. This additional land provides exceptional potential for future development, including:
-Medical-professional centre supporting the expanding hospital district,
-Rental condominium or apartment complex,
-Mixed-use commercial with residential above, Specialized healthcare services or clinics,
- Underground parking or walkout-level development, enabled by the site’s natural grade,
The property’s topography offers an ideal foundation for walkout basements and subterranean facilities, reducing construction complexity and enhancing design flexibility.
The C4 district is intended for high-visibility, high-traffic commercial uses along major transportation corridors. It supports businesses that benefit from strong exposure and easy access.
C4 – Major Arterial Commercial Zone Overview
This zone is designed to accommodate high-traffic commercial developments along major roadways. It typically supports businesses that benefit from visibility and accessibility.
-Permitted Uses: Retail stores and service shops, Restaurants and cafes, Hotels and motels, financial institutions, Medical and professional offices, Automotive sales and service,
Essential information
MLS® number
A2293080
Status
Active
Price
$6,590,000
Property type
Commercial
Type
Retail
Transaction
For Sale
Restrictions
See Remarks
Building area
15,513 sq ft
Lot size
84,506 sq ft
Year built
1962
Structure
Mixed Use
Listing brokerage
MaxWell Canyon Creek
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
C4 COMMERCIAL DISTRICT
Community
Subdivision
RRWA
City
Red Deer
Province
AB
Postal code
T4N 1V9
Where it is
Loading map…
Approximate location, plotted from the listing’s own coordinates.
Business valuation calculator
SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
SDE—
EBITDA—
Gross profit
—
Pre-tax profit as the books show it
—
Value at that multiple SDE × multiple
—
Asking price as a multiple of SDE
—
Buyer’s earnings after debt SDE less the asking price paid over 5 years at 8%
—
—
Arithmetic on the numbers you enter — not a valuation, not an appraisal and not financial advice. Real multiples vary enormously by industry, lease terms and how much the business depends on its owner. Have an accountant review the actual books before you rely on any of it. Nothing typed here is sent anywhere or saved.
Tell me when another one comes up
Leave your details and Satyam will let you know as soon as a new listing in retail space in Red Deer reaches the market — often before it is advertised anywhere else.
✓
You are on the list.
You will hear the moment a new listing in retail space comes up.
4 photos$7,140,00019650 Walden Boulevard SE, Calgary
