Calgary Real Estate Geek
Home Communities Riverside Meadows 5906 60 Street
$667,777 Active
5906 60 Street · Red Deer · T4N 2P8
bd ba 1,701 sqft $393/sqft Built 1976
MLS® A2302014 · Listed Apr 15, 2026
Listed by Real Broker — Nabil Noorani
By the numbers

How this listing measures up

$/sqft $393
vs Riverside Meadows median +83% community avg $364K
Sqft per bedroom
Year built 1976
Annual taxes $5,684 2025

About this property

Exceptional investment opportunity in the Riverside community of Red Deer featuring a well-maintained fourplex situated on a massive lot. This property offers four fully self-contained units, each with two bedrooms, providing an ideal layout for consistent rental income. All units are currently tenanted, making this a true turnkey investment with immediate cash flow. Each suite is thoughtfully designed with its own in-unit laundry, offering added convenience and appeal for tenants. The property also features private balconies for each unit, enhancing livability and long-term rental desirability. The expansive, fully fenced lot provides additional outdoor space and privacy, while also offering potential for future value enhancement. Well-positioned within Red Deer, this property benefits from strong rental demand and a stable tenant base. With separate living spaces, desirable unit features, and solid income potential, this fourplex is an excellent addition to any investment portfolio.

Property details

StyleBi-Level
InclusionsFridge x4, Stoved x4, Washer x4, Dryer x4
Lot size10400.00 sqft
Year built1976
Parking total4
Annual taxes$5,684
Tax year2025
PossessionImmediate,Negotiable
ZoningR-L
TitleFee Simple
RestrictionsNone Known
NeighbourhoodRiverside Meadows
List AORCalgary

Location

Sold comparables in Riverside Meadows

0 recent sales in Riverside Meadows

VOW members see sold prices, sold dates, and full comparable details. Free registration; takes 30 seconds.

Sign up to see sold data

About Riverside Meadows

AI-generated summary

Riverside Meadows is a quiet, established southeast Calgary community with a relaxed suburban feel, sitting alongside the Bow River and backing onto natural green space.

Only 3 active listings, suggesting a tight and relatively stable local market
Average list price of $364,059 offers an accessible entry point compared to many Calgary communities
Proximity to the Bow River provides year-round pathway and outdoor recreation opportunities
Housing
The neighbourhood features a mix of single-family detached homes and some semi-detached properties, many built in the 1970s and 1980s with mature landscaping.
Transit
The community is primarily car-dependent, though Calgary Transit bus routes provide connections to the broader transit network.
Amenities
Residents have access to the nearby Bow River pathway system, with shopping and services available along nearby Barlow Trail and 17th Avenue SE.
Who lives here
Riverside Meadows tends to attract families, long-term homeowners, and buyers seeking affordable entry points with access to riverside recreation.
Full Riverside Meadows community profile →

This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.

Browse Calgary homes by feature

Heritage & Character Homes New Construction Homes Character Homes Homes Near C-Train Legal Suite Homes Backing Onto Park EV Charging Homes Hot Tub Homes River Homes Walkout Basements Luxury Homes Triple Car Garage Just Listed

Similar listings in Riverside Meadows

Listed by: Real Broker — Nabil Noorani.