Downtown Red Deer, Red Deer · MLS® A2323906
111
575 sq ft · Condo · Single Family · built 1964 · 43 days on market
listed by Jacqui Fletcher, Royal LePage Network Realty Corp.
Centrally located in the heart of Red Deer, this condo offers comfortable, low-maintenance living within walking distance to all amenities. The building features laundry, an elevator, and a cozy sitting area with a library. Inside the unit, the open-concept main living space is enhanced by large windows that flood the home with natural light. The functional galley-style kitchen features white cabinetry, some counter space, and a convenient eating bar. The living room provides direct access through garden doors to a large covered, south-facing balcony—perfect for relaxing. A well-appointed 4-piece bathroom and a walk-in storage closet with floor-to-ceiling shelving add to the home’s practicality. This property offers true ease of living with a monthly condo fee of $ which includes insurance, heat, water, sewer, parking, interior and exterior maintenance, snow removal, trash, professional management, and reserve fund contributions. The unit also includes one assigned parking stall, along with ample visitor parking. An excellent opportunity for first-time buyers, downsizers, or investors seeking a centrally located property in a well-managed building by Braden Equities. This unit is part of a rental pool also managed by Braden equities.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $457 · tax $91 · strata $373 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 1-bedroom in Red Deer: CMHC's average there ($1,220) lowered by what new tenants pay against everyone in the Red Deer area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca
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about $1,031 a year
The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).
The listing shows $1,094 a year in property tax.
Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.
Walkability 68/100 · Walkable: many errands on foot
Within a 10 minute walk: 2 places to eat or drink, 5 parks and playgrounds, 2 schools, 13 transit stops.
mihom score from OpenStreetMap places, by straight line distance.