5002 55th ST #501 Red Deer, AB T4N 7A4
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,209 sqft
Price per Sqft $306
Subdivision Railyards
MLS® Listing ID A2330717
Style Apartment-Penthouse
Bedrooms 3
Full Baths 2
Half Baths 1
Condo Fees $2,205/mo
Year Built 2013
Annual Tax Amount $11,143
Tax Year 2026
Property Sub-Type Apartment
Source Central Alberta
Property Description
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 shower, 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.
Location
Province AB
County Red Deer
Zoning DC (3)
Direction S
Rooms
Other Rooms 1
Interior
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
Heating In Floor, Natural Gas
Cooling Central Air
Flooring Hardwood, Tile
Fireplaces Number 2
Fireplaces Type Double Sided, Gas, Living Room, Masonry, Primary Bedroom, See Through
Inclusions Sub Zero Fridge, Built in Microwave, Induction Cooktop, Gas Range, Wall Ovens x 2, Built in Dishwasher x 3, Bar Fridge, Wine Fridge, TV's x 4, Cappuccino Maker, Baby Grand Piano, Garage Door Remote x 3, Building Security Access x 3
Appliance See Remarks
Laundry In Unit, Laundry Room
Exterior
Parking Features Enclosed, Gated, Heated Garage, Insulated, Off Street, Owned, Parkade, Underground
Garage Spaces 4.0
Community Features Park, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Amenities Available Elevator(s), Fitness Center, Secured Parking, Storage
Waterfront Description River Access,River Front
Roof Type Other
Accessibility Enhanced Accessible
Porch Balcony(s)
Exposure N,S,W
Total Parking Spaces 4
Building
Lot Description Low Maintenance Landscape, Views
Story 6
Architectural Style Apartment-Penthouse
Level or Stories Multi Level Unit
Structure Type Concrete,Metal Frame,Other,Stone
Others
HOA Fee Include Amenities of HOA/Condo,Common Area Maintenance,Electricity,Gas,Heat,Maintenance Grounds,Parking,Professional Management,Reserve Fund Contributions,Sewer,Snow Removal,Trash,Water
Restrictions Non-Smoking Building,Pets Not Allowed
Tax ID 113540266
Ownership Private
Pets Allowed No
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