501, 5002 55th Street , Red Deer, Alberta

$1,595,000

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3

Beds

3

Baths

5,209

Square feet

About 501, 5002 55th Street

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 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.

Features of 501, 5002 55th Street

MLS® # A2330717
Price $1,595,000
Bedrooms 3
Bathrooms 3.00
Full Baths 2
Half Baths 1
Square Footage 5,209
Year Built 2013
Type Residential
Sub-Type Apartment
Style Apartment-Penthouse
Status Active

Community Information

Address 501, 5002 55th Street
Subdivision Railyards
City Red Deer
County Red Deer
Province Alberta
Postal Code T4N 7A4

Amenities

Amenities Elevator(s), Fitness Center, Secured Parking, Storage
Parking Spaces 4
Parking Enclosed, Gated, Heated Garage, Insulated, Off Street, Owned, Parkade, Underground
# of Garages 4
Is Waterfront No
Waterfront River Access, River Front
Has Pool No

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
Appliances See Remarks
Heating In Floor, Natural Gas
Cooling Central Air
Fireplace Yes
# of Fireplaces 2
Fireplaces Double Sided, Gas, Living Room, Masonry, Primary Bedroom, See Through
# of Stories 6
Has Basement No

Exterior

Exterior Features Balcony, Lighting, Private Entrance
Lot Description Low Maintenance Landscape, Views
Roof Other
Construction Concrete, Metal Frame, Other, Stone

Additional Information

Date Listed August 4th, 2026
Days on Market 7
Zoning DC (3)
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker OnTrack Realty

Listing Map