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#118, 5300 48 Street
homes for sale · Red Deer · Downtown Red Deer
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$375,000

#118, 5300 48 Street

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.

realtor's description

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.

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
1,058 sq ft
parking
1
year built
2001
property tax
$2,700 / yr
strata fee
$662 / mo ($0.63 / sq ft)
strata rules
Pets not Allowed, Age Restrictions
days on market
40
MLS®
A2342474

features

  • Pets not Allowed
  • Age Restrictions
  • Washer
  • Refrigerator
  • Dishwasher
  • Stove

monthly cost

$2,521/mo
Mortgage $1,634 · Tax $225 · Strata $662

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$1,634/ monthly
loan $300,000
25-year amortization
total interest
$190,152
land title fees
$775
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$75,775
down + land title fees
total paid
$490,152

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent
$1,430/mo
after all costs
−$1,240/mo
cap rate
1.3%
yearly net rent ÷ price

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

location

Downtown Red Deer, Red DeerGoogle Maps ↗

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listed by
Jacqui Fletcher
Royal LePage Network Realty Corp.
call Jacqui · 403-896-3244
Powered by: REALTOR.ca
▶ virtual tour

similar homes nearby

property tax

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.

location

Downtown Red Deer, Red DeerGoogle Maps ↗
Drive times
  • Downtown Red Deer2 min
  • West Park Elementary2 min
  • Red Deer Regional Hospital Centre3 min
  • Lindsay Thurber Comprehensive High6 min
  • Red Deer Polytechnic6 min
  • Parkland Mall6 min
94

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.

327, 4805 45 Street, Red Deer
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Condo
$287,500
4methe deep dive
327, 4805 45 Street
Downtown Red Deer, Red Deer54 days on market
listed by Royal LePage Network Realty Corp.
211929 sq ft
MLS® A2341612
422, 4512 52 Avenue, Red Deer
422, 4512 52 Avenue, Red Deer, photo 2
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Condo
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4methe deep dive
422, 4512 52 Avenue
Downtown Red Deer, Red Deer68 days on market
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122
225, 4805 45 Street, Red Deer
225, 4805 45 Street, Red Deer, photo 2
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Condo
$284,000
4methe deep dive
225, 4805 45 Street
Downtown Red Deer, Red Deer136 days on market
listed by Maxwell Real Estate Solutions Ltd.
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943 sq ft
MLS® A2336932
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1,000 sq ft
MLS® A2319370