homm

Real Estate in Riverside Light Industrial Park, Red Deer

Riverside Light Industrial Park is not a residential neighbourhood — there are no single-family homes, condos, or townhouses here.

Active listings

5

Median list price

$575,000

Avg list price

$585,002

Homes for Sale in Riverside Light Industrial Park, Red Deer

Showing 5 of 5 active MLS® listings

View all

Buying in Riverside Light Industrial Park

Who fits here

Riverside Light Industrial Park is not a residential neighbourhood — there are no single-family homes, condos, or townhouses here. Properties that appear in real estate searches for this area are almost entirely industrial bay condos, commercial warehouse units, and mixed-use IC (Industrial Commercial) strata units. The buyer profile is correspondingly narrow: owner-operators looking for affordable, owner-occupied workspace close to Red Deer''s downtown core; small investors acquiring bay units as income-producing commercial properties; and businesses in trades, services, light manufacturing, or food-and-beverage (the IC zoning permits microbreweries and indoor recreation facilities). Red Deer Polytechnic graduates and trades workers seeking to own rather than lease their workspace sometimes look here. This is emphatically not a neighbourhood for buyers prioritizing schools, parks, or residential community feel. If you need a home address, look elsewhere. If you need affordable, centrally located commercial real estate in Red Deer, Riverside Light Industrial Park is worth a serious look.

Current market in the neighbourhood

Properties in Riverside Light Industrial Park are commercial and industrial strata units, so pricing benchmarks differ from residential markets. Active listings are limited at any given time — the area has 5 properties currently listed, with asking prices ranging from. The average list price sits at $585,002. When units do sell, they have averaged days on market over the past 12 months, with a sale-to-list ratio. Demand is steady but not fast-moving; buyers should expect negotiation room on older or larger units.

Commute and lifestyle

Riverside Light Industrial Park''s strongest selling point for business owners is its central Red Deer location. The QE II Highway is minutes away, making the park convenient for suppliers and clients traveling the Calgary–Edmonton corridor. Downtown Red Deer''s office amenities and services are a short five-minute drive north. Red Deer Transit''s Route 18 provides weekday peak-hour service, though off-peak and weekend coverage is limited — employees arriving outside standard business hours will need personal vehicles. The Waskasoo Park trail system runs along the Red Deer River valley immediately west, giving workers a genuine outdoor option during breaks. Bower Place and Parkland Mall, along with Gaetz Avenue''s full commercial strip, are within five to ten minutes by car, covering all practical daily needs. The area is industrial in character and low on residential amenity, but the convenience trade-off is real for businesses that need central Alberta access without downtown lease rates.

Long-term context

Industrial and commercial real estate in Riverside Light Industrial Park has seen gradual but meaningful change since the City of Red Deer introduced the IC (Industrial Commercial) zoning district in 2020. Properties that have transitioned to IC zoning have broader permitted uses — including offices, microbreweries, and limited retail — which has supported values above traditional industrial-only comparables. The area is Red Deer''s oldest industrial park, established in 1961, and its compact lot sizes and central location make it increasingly attractive to mixed-use operators as industrial land closer to highways is developed. That said, appreciation is tied to commercial market cycles and oil-and-gas-influenced regional economics rather than residential demand drivers. Buyers should underwrite on cash-flow fundamentals and treat any land-value uplift from continued IC conversions as a secondary consideration.

About Riverside Light Industrial Park

Overview

Riverside Light Industrial Park is Red Deer''s oldest industrial district, established in 1961 along Riverside Drive in the city''s central corridor. Tucked below the escarpment near the Red Deer River, the park spans a compact grid of bay-unit buildings and commercial warehouses roughly bounded by Riverside Drive to the west and 62–63 Street to the east. The area is predominantly zoned Industrial and, since 2020, partially zoned Industrial Commercial (IC), permitting a mix of light manufacturing, service businesses, offices under 10,000 sq ft, microbreweries, and limited retail. There are no residential streets here; the neighbourhood functions as a working industrial precinct, not a place people call home.

Location

The park sits in central Red Deer, immediately north of the downtown core, at the base of the river-valley escarpment along Riverside Drive. It lies roughly between 40 Avenue and 50 Avenue, with Gaetz Avenue and the QE II Highway accessible within a five-minute drive. Its central location — a short hop from both the downtown and major arterials — is the area''s main geographic asset for businesses. The Red Deer River valley and Waskasoo Park trail corridor run just west, though these amenities serve recreational users rather than industrial tenants.

Housing character

Riverside Light Industrial Park has no conventional residential housing. The built form consists almost entirely of industrial bay condos, commercial warehouse units, and light-manufacturing facilities. Some IC-zoned properties now allow ancillary office and retail uses, and a handful of mixed-use conversions (including a microbrewery and indoor recreation facilities) have appeared since 2020. Buyers looking for residential property will not find it here; the neighbourhood is relevant primarily to owner-operators, investors in commercial real estate, or businesses seeking affordable bay-unit space close to Red Deer''s downtown.

Schools

There are no schools within Riverside Light Industrial Park. The nearest public schools are West Park Elementary and Westpark Middle School, both on the 55 Avenue corridor a few minutes north. Red Deer Polytechnic''s main campus is located at 100 Donald Blvd in the south of the city, roughly a 10-minute drive. Red Deer Public School District operates 16 elementary, 7 middle, and 3 high schools citywide; Red Deer Catholic Regional Schools serves an equivalent network. Families with school-age children would need to travel to surrounding residential neighbourhoods for school access.

Transit

Red Deer Transit''s Route 18 (Riverside Industrial) provides weekday peak-hour service to the area, operating approximately every 30 minutes from early morning through early evening, Monday to Friday. Off-peak, evening, and weekend coverage is limited or absent, reflecting the area''s workforce-oriented rather than residential transit demand. Connections to the broader network are available via downtown''s Sorensen Station. Commuters relying on transit outside peak hours or on weekends should plan around limited service. Most employees and visitors arrive by personal vehicle.

Shopping and dining

Riverside Light Industrial Park is not a retail or dining destination. Some IC-zoned properties now permit limited retail and food-and-beverage uses, least one microbrewery had established operations in the area following the 2020 rezoning. For conventional shopping, Parkland Mall and Bower Place (both major enclosed malls) are within a five-to-ten-minute drive. Gaetz Avenue''s full commercial corridor — including grocery, pharmacy, and restaurant chains — is similarly close. The park''s own commercial activity remains oriented toward trade and service businesses rather than consumer retail.

Parks and recreation

The park has no dedicated green space of its own, but the Waskasoo Park system — Red Deer''s signature 80-plus-kilometre multi-use trail network — runs along the Red Deer River valley immediately to the west. Pedestrian access to the river trail from the industrial area is feasible on foot. Bower Ponds, Heritage Ranch, and Great Chief Park are all within a short drive. These recreational assets belong to the broader city fabric; they are not oriented toward the industrial precinct but are genuinely accessible to workers and visitors during non-work hours.

Lifestyle

Life in Riverside Light Industrial Park, for those who work rather than reside there, is defined by its workhorse character. The neighbourhood attracts tradespeople, service businesses, and owner-operators who value affordable bay-unit space, central Red Deer access, and proximity to the QE II corridor. The IC rezoning trend is gradually introducing more mixed-use activity, but the area remains emphatically industrial in feel and function. Prospective buyers should approach this neighbourhood as a commercial real estate opportunity, not a residential lifestyle choice.

See recent sold prices in Riverside Light Industrial Park, Red Deer

Browse MLS® sold prices to understand the market before you buy.

View sold data

Frequently Asked Questions

No. Riverside Light Industrial Park has no residential housing. All properties here are industrial or commercial — bay units, warehouses, and mixed-use IC-zoned strata units. Buyers seeking a home should look at adjacent Red Deer residential neighbourhoods.

Website provided by Kelly Grant

Copyright 2026 by the Canadian Real Estate Association (CREA). All Rights Reserved.

Data provided by the Canadian Real Estate Association (CREA). Data is deemed reliable but is not guaranteed accurate.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).

Mortgage values are calculated by hômm and are provided for estimate purposes only.

The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.

Listing information last updated on June 9, 2026 at 9:00 pm (America/Edmonton)