North Red Deer / Clearview Commercial Real Estate
Mature north Red Deer with grocery-anchored regional strip retail at Clearview Market, medical and professional office nodes, and established multifamily rental including walk-up apartments, townhomes and newer stacked condos serving north city residents.
North Red Deer / Clearview — Market Overview
North Red Deer and the Clearview neighbourhood represent one of Red Deer's most established residential and retail submarkets. Clearview Market — the grocery-anchored regional strip on 67 Street — anchors the commercial core, generating consistent weekly foot traffic for adjacent service retail, medical office and financial services.
The residential base in north Red Deer is mature and diverse, with a mix of established single-family homes, older walk-up rental apartments and newer townhome and stacked condo product. This demographic mix creates multifamily investment opportunities across different vintages and risk profiles — from value-add 1980s walk-ups to stabilized newer-build rental stacks.
For investors, north Red Deer / Clearview offers grocery-anchored retail with stable long-term income, medical office with consistent healthcare demand, and multifamily at cap rates that remain well above comparable suburban Calgary positions.
North Red Deer Cap Rates & Market Data (2025)
| Asset Class | Location | Cap Rate | Notes |
|---|---|---|---|
| Retail — Grocery-Anchored Strip | Clearview Market | 5.75–6.25% | Long-term grocery anchor, stable income |
| Retail — Service Commercial Strip | 67 St Corridor | 6.0–6.5% | Neighbourhood-serving, local operators |
| Office — Medical / Professional | Clearview Nodes | 6.5–7.5% | Family medicine, dental, allied health |
| Multifamily — Walk-Up (older) | Clearview / North | 5.5–6.0% | Value-add, 1970s–1990s vintage |
| Multifamily — Townhomes | North Red Deer | 5.0–5.75% | Family rental, ground-oriented |
| Multifamily — Newer Stacked | North Red Deer | 5.0–5.5% | Recent construction, lower OpEx |
Why Investors Choose North Red Deer / Clearview
Grocery-anchored income stability. Clearview Market's grocery anchor provides the most defensible retail income in north Red Deer — grocery-anchored strip centres consistently outperform unanchored retail during market cycles.
Mature multifamily market. Established walk-up apartment stock offers below-replacement-cost value-add acquisitions. Newer townhome and stacked product provides stabilized income with lower capital risk.
Captive north residential catchment. North Red Deer's established residential base provides consistent demand for retail and office services without the competition dynamics of the Gaetz Avenue or Gasoline Alley corridors.
No provincial income tax. Alberta's zero provincial income and sales tax enhances investor returns across all asset classes.
North Red Deer / Clearview — Frequently Asked Questions
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Looking at North Red Deer / Clearview?
Our Red Deer advisors cover Clearview Market retail, medical office and multifamily investment in north Red Deer's established residential catchment.
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