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501 5002 55th Street
Railyards Red Deer T4N 7A4

$2,200,000
Residential beds: 2 baths: 3.0 5,393 sq. ft. built: 2013

Main Photo: 501 5002 55th Street: Red Deer Apartment for sale : MLS®# A2147434
Photo 1: 501 5002 55th Street: Red Deer Apartment for sale : MLS®# A2147434
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2147434
Bedrooms:
2
Bathrooms:
3
Year Built:
2013
Presenting sophistication and exclusivity, this Executive Penthouse condo is masterfully designed to combine elegance with unparalleled luxury. Nestled along the banks of the Red Deer River, Elements at River’s Edge is reserved for those who seek an exclusive lifestyle. This adult-only property encompasses the utmost attention to detail and the highest quality amenities, ensuring a living experience like no other in a location. Spanning over 5,300 sq ft of opulence with expansive floor-to-ceiling windows it offers awe-inspiring views of the Red Deer River, enveloping the residence in natural beauty. Boasting two bedrooms, three bathrooms, office, and four balconies, each offering breathtaking views, it is truly unprecedented in Red Deer. The penthouse sets the scene for exceptional entertaining, highlighted by a custom-designed wet bar and an extraordinary kitchen that serves as the heart of the home. Exceptional walnut cabinetry, separate quartz prep and entertaining islands, state-of-the-art Wolf appliances, Sub-Zero refrigerator, and pantry accentuate the culinary space, offering a perfect blend of style and functionality. A formal dining room and casual dining area easily accommodates entertaining. The upscale wet bar features built-in appliances including wine fridges, dishwasher, cappuccino maker and wine room. The expansive open-plan living space leads seamlessly into the living room that boasts a floor to ceiling fireplace and is the focal point for cozy gatherings. The primary bedroom is a sanctuary of sophistication, featuring a double-sided fireplace that exudes warmth and ambiance. Indulge in the luxury of the ensuite, which boasts a full tiled bathroom, a floating tub, and dual sinks, creating a spa-like environment that is both tranquil and opulent. Residents have exclusive access to a range of amenities, including a private gym, ensuring wellness and convenience without leaving the comfort of this professional building. With only 10 residential suites within the five-story tower, this community promises an intimate living experience. The inclusion of four underground heated and secured parking spaces, along with two dedicated secured storage spaces, adds to the convenience. This executive penthouse condo is more than a residence - it's a statement of luxurious living, designed for those who seek unparalleled elegance and a connection with natural beauty, all within a prestigious and secure setting.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Penthouse
Total Living Area:
5,393 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$1,938.30
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Electricity, Gas, Heat, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
HOA Fee Includes:
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North, South, West
Floor Location:
Top
Entry Level:
5
Stories Total:
6
Levels:
Multi Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
8
Year built:
2013 (Age: 11)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1222073
Heating:
In Floor, Natural Gas
New Constr.:
No
Construction Material:
Concrete, Metal Frame, Other, Stone
Structure Type:
High Rise (5+ stories)
Roof:
Other
Ensuite:
Yes
Flooring:
Hardwood, Tile
Cooling:
Central Air
Fireplaces:
2
Fireplace Details:
Double Sided, Gas, Living Room, Masonry, Primary Bedroom, See Through
Garage:
0
Garage Spaces:
4
Parking:
Enclosed, Gated, Heated Garage, Insulated, Off Street, Owned, Parkade, Underground
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Unit, Laundry Room
Condo Fee Frequency:
Monthly
Elements at Rivers Edge
Railyards
Elevator(s), Fitness Center, Secured Parking, Storage
See Remarks
Sub Zero Fridge, Microwave, Induction Cooktop, Gas Range, Wall Ovens x2, Built in Dishwasher x3, Wine Fridge x2, TV's x4, Cappuccino Maker, Baby Grand Piano
Non-Smoking Building, Pets Not Allowed
No
Floor
Type
Size
Other
Main Floor
Kitchen
24'9" × 22'8"
Main Floor
Dining Room
20'2" × 18'1"
Main Floor
Living Room
36'2" × 33'
Main Floor
Family Room
17'3" × 14'8"
Main Floor
Bedroom - Primary
20'10" × 15'
Main Floor
Walk-In Closet
12'7" × 11'8"
Main Floor
Bedroom
16'9" × 14'4"
Main Floor
Office
16' × 15'
Main Floor
Den
19'11" × 14'11"
Main Floor
Breakfast Nook
14'10" × 10'2"
Main Floor
Laundry
13'3" × 8'
Main Floor
Storage
10'6" × 6'2"
Main Floor
Walk-In Closet
13'3" × 8'
Floor
Ensuite
Pieces
Other
Main Floor
Yes
5
19'6" x 13'3"
Main Floor
Yes
3
7'8" x 14'8"
Main Floor
No
2
6' x 5'7"
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Built-in Features, Closet Organizers, Double Vanity, Elevator, Granite Counters, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Recreation Facilities, Soaking Tub, Storage, Walk-In Closet(s), Wet Bar
Exterior Features:
Balcony, Lighting, Private Entrance
Patio And Porch Features:
Balcony(s)
Lot Features:
Low Maintenance Landscape, Views
Num. of Parcels:
0
Region:
Red Deer
Zoning:
DC (3)
Listed Date:
Jul 03, 2024
Days on Mkt:
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Listed by Coldwell Banker Ontrack Realty
Data was last updated November 15, 2024 at 08:05 PM (UTC)
Area Statistics
Listings on market:
208
Avg list price:
$464,950
Min list price:
$84,900
Max list price:
$2,200,000
Avg days on market:
37
Min days on market:
1
Max days on market:
298
Avg price per sq.ft.:
$324.33
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.