What is the price of 501, 5002 55th Street?

This property is listed at $1,595,000 CAD.

Where is 501, 5002 55th Street located?

This property is located at 501, 5002 55th Street in Red Deer, Alberta, Canada.

What is the size of 501, 5002 55th Street?

This property has 5,209 square feet of living space.

How can I schedule a viewing of 501, 5002 55th Street?

Contact Terri Williams by phone at (403) 588-8857 or email at tcwilliams@remax.net to schedule a viewing or request more information about this property.

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501, 5002 55th Street, Red Deer

501, 5002 55th Street, Red Deer

Red Deer, Alberta, T4N7A4

MLS®: A2330717

Listing photo – 501, 5002 55th Street, Red Deer

$1,595,000

Active

3 Beds 3 Baths 5,209 square feet living area

Property Description

A rare offering of uncompromising luxury, this extraordinary signature penthouse residence at Elements at the River is one of Red Deer’s most prestigious homes. Perfectly positioned along the banks of the Red Deer River, this remarkable residence blends timeless elegance with contemporary sophistication, creating an unparalleled lifestyle reserved for the discerning buyer.Encompassing over 5,300 sq. ft. of impeccably designed living space, the residence is framed by dramatic floor-to-ceiling windows that capture sweeping views of the Red Deer River, panoramic city views, and the surrounding landscape. Every detail has been thoughtfully curated, offering an exceptional balance of luxury, comfort, and architectural beauty. Featuring three spacious bedrooms, three bathrooms, a private office, and four private balconies, this home is truly without comparison in Central Alberta.Designed with entertaining in mind, the spectacular chef’s kitchen is the centrepiece of the home, showcasing custom walnut cabinetry, dual quartz islands for preparation and gathering, premium Wolf appliances, a Sub-Zero refrigerator, and a walk-in pantry. A formal dining room, casual dining area, and an impressive entertaining bar complete with wine refrigerators, dishwasher, cappuccino maker, and a private wine room, creating an unforgettable setting for hosting family and guests.The grand open-concept living room is anchored by a striking floor-to-ceiling fireplace, creating a warm yet sophisticated setting for everyday living and entertaining. Floor-to-ceiling windows frame breathtaking views of the Red Deer River, panoramic city views, and the surrounding landscape, while four private balconies provide exceptional outdoor living spaces to enjoy the ever-changing scenery.The primary suite is a luxurious private retreat, featuring a spacious sitting area, private terrace, double-sided fireplace, and an exquisite spa-inspired ensuite with a freestanding soaker tub, fully tiled walk-in s hower, and dual vanities. Designed as a true sanctuary, it offers complete privacy, comfort, and sophistication.Residents enjoy exclusive access to a private fitness centre within this boutique, adult-only building. With only 10 residential suites in the five-storey tower, Elements at the River offers exceptional privacy, security, and prestige. Four heated, secure underground parking stalls and two private storage units complete this exceptional package.More than a residence, this is a legacy property—an exceptional expression of luxury, craftsmanship, and refined living, offering an unparalleled opportunity to own one of Red Deer’s most iconic penthouse homes.

Property Details

Property Information

Type: Single Family
Ownership: Condo/Strata
Year Built: 2013
Storeys: 6
Listed: 90 days ago (Aug 5, 2026)
Annual Tax: $11,143 (2026)
Subdivision: Railyards
Photos: 48 photos
MLS®: A2330717

Maintenance Fees

Monthly Fee: $2,205
Frequency: Monthly
Includes: Common Area Maintenance, Property Management, Waste Removal, Ground Maintenance, Heat, Electricity, Water, Condominium Amenities, Parking, Reserve Fund Contributions, Sewer

Interior

Bedrooms: 3 above grade
Bathrooms: 3 full, 1 half
Above-Grade Area: 5,209 square feet
Heating: In Floor Heating, Natural gas
Cooling: Central air conditioning
Flooring: Tile, Hardwood
Fireplace: 2

Building

Structure: Apartment
Exterior: Concrete, Stone
Construction: Poured concrete, Steel frame

Land / Lot

View: View
Waterfront: Waterfront on river
Zoning Detail: DC (3)

Parking & Utilities

Parking Total: 4
Parking: Garage, Underground, Other, Heated Garage

Features

Features: Exercise Centre, Wet bar, Elevator, Closet Organizers, No Animal Home, No Smoking Home, Parking
Community: Pets not Allowed
Appliances: See remarks

Rooms

Room	Level	Dimensions
Kitchen	Main level	22.67 Ft x 24.75 Ft
Dining room	Main level	18.08 Ft x 20.17 Ft
Living room	Main level	36.17 Ft x 33.00 Ft
Bedroom	Main level	14.67 Ft x 17.25 Ft
Primary Bedroom	Main level	15.00 Ft x 20.83 Ft
5pc Bathroom	Main level	19.50 Ft x 13.25 Ft
Other	Main level	11.67 Ft x 12.58 Ft
Bedroom	Main level	16.75 Ft x 14.33 Ft
3pc Bathroom	Main level	7.67 Ft x 14.67 Ft
Office	Main level	15.00 Ft x 16.00 Ft
Den	Main level	19.92 Ft x 14.92 Ft
2pc Bathroom	Main level	6.00 Ft x 5.58 Ft
Breakfast	Main level	14.83 Ft x 10.17 Ft
Laundry room	Main level	13.25 Ft x 8.00 Ft
Storage	Main level	6.17 Ft x 10.50 Ft
Other	Main level	13.25 Ft x 8.00 Ft