Property Details

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501, 5002 55th Street
Red Deer (A2147434)

$2,200,000
2
2+1
5,393 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

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 details

Basic Info

MLS® #
A2147434
Property Type:
Residential
Subtype:
Apartment
Subdivision:
Railyards
Price
$2,200,000
Sale/Lease:
For Sale
Size:
5,393 sq.ft.
Bedrooms:
2
Bathrooms:
2 full / 1 half
Year Built:
2013 (11 years old)

Building Info

Structure Type:
High Rise (5+ stories)
Building Style:
Penthouse
Garage:
Yes
Parking:
Enclosed, Gated, Heated Garage, Insulated, Off Street, Owned, Parkade, Underground
Fence:
Basement:
No
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
Fireplaces:
2
Inclusions:
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
Appliances:
See Remarks
Laundry:
In Unit, Laundry Room
Exterior Features:
Balcony, Lighting, Private Entrance
Patio/Porch Features:
Balcony(s)

Neighborhood Info

Nearby Amenities:
Park, Schools Nearby, Shopping Nearby, Walking/Bike Paths

Condo/Association Info

Condo Type:
Conventional
Condo Amenities:
Elevator(s), Fitness Center, Secured Parking, Storage
Condo Fee:
$2,000
Condo Fee 2:
$2,000
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
Pets Allowed:
Yes

Lot / Land Info

Lot Features:
Low Maintenance Landscape, Views
Zoning:
DC (3)

Materials & Systems

Roof:
Other
Exterior:
Concrete,Metal Frame,Other,Stone
Floors:
Hardwood, Tile
Heating:
In Floor, Natural Gas
Cooling:
Central Air
Amenities:
Park, Schools Nearby, Shopping Nearby, Walking/Bike Paths

Listing Info

Possession:
60 Days / Neg
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Grassroots Realty Group Ltd.
1-833-477-6687

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