Downtown Red Deer, Red Deer · MLS® A2342474
221
1,058 sq ft · Condo · Single Family · built 2001 · 40 days on market
listed by Jacqui Fletcher, Royal LePage Network Realty Corp.
Welcome to Heritage Village, ideally located in downtown Red Deer and close to parks, the arena, curling rink, grocery stores, restaurants and everyday amenities. This well-designed main floor 2-bedroom unit offers a comfortable layout with a kitchen featuring wood cabinets and plenty of storage, a dining area and living room with access to the balcony. The unit also features air conditioning for added comfort. The primary bedroom includes a 4-piece ensuite, with a second 3-piece bathroom and convenient in-suite laundry completing the space. The unit also includes titled underground parking and a spacious storage locker. Heritage Village offers an impressive range of amenities and spaces for residents to enjoy. The second level features a social lounge, games room with billiards tables, party room, full kitchen and dance floor for community gatherings and events. The third floor includes a library and media room, while the fourth level offers two rooftop terraces complete with BBQs and comfortable patio seating. An indoor pool, hot tub, exercise room and craft room provide even more options for recreation and relaxation. Two guest suites are also available to rent separately for visiting family and friends. The monthly common area maintenance fee is $691.72 and includes electricity, gas, heat, insurance, parking, reserve fund contributions, sewer, snow removal, trash and water. With its central location, extensive amenities and comfortable living space, Heritage Village offers a convenient and enjoyable place to call home.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,634 · tax $225 · strata $662 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Red Deer: CMHC's average there ($1,418) raised 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 $3,685 a year
The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).
The listing shows $2,700 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 94/100 · Very walkable: most errands on foot
Within a 10 minute walk: 2 grocery stores, 23 places to eat or drink, 10 cafes, 4 parks and playgrounds, 1 school, 3 pharmacies, 18 transit stops.
mihom score from OpenStreetMap places, by straight line distance.