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16, 73 Addington Drive
homes for sale · Red Deer · Aspen Ridge
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$355,000

16, 73 Addington Drive

Aspen Ridge, Red Deer · MLS® A2354225

242

1,199 sq ft · Townhouse · Single Family · built 2000 · 2 days on market

listed by Karrie-Anne Brewster, RE/MAX real estate central alberta

realtor's description

Welcome to #16, 73 Addington Drive-This beautifully updated end unit townhouse offers comfortable living, modern finishes, and plenty of space. The fully finished walkout two storey features two spacious upper level bedrooms, each with its own ensuite, and a double attached garage with in floor heating.The main floor offers an inviting open concept living and dining area with hardwood flooring and a cozy gas fireplace. The kitchen has been tastefully refreshed with newer appliances, updated countertops, and refaced cabinetry, creating a stylish and functional space. A convenient 2 piece powder room completes the main level, while the living room provides direct access to a private deck, perfect for relaxing or entertaining.Upstairs, both generously sized bedrooms offer the privacy of their own bathrooms. The spacious primary suite features a walk in closet and ensuite, while the second bedroom includes its own 3 piece ensuite, ideal for guests or a home office.The fully finished walkout basement adds even more living space, featuring a spacious recreation room, an additional bathroom, durable linoleum flooring, and in floor heating. The large laundry room includes a newer washer and dryer, while two newer hot water tanks provide added peace of mind.Additional features include central vacuum, a water softener, and a heated double attached garage. With its desirable end-unit location, thoughtful updates, and fully developed living space across all three levels, this home offers a wonderful combination of comfort, convenience, and style.

property details

type
Townhouse, Single Family
bedrooms
2
bathrooms
4
living area
1,199 sq ft
parking
2
year built
2000
property tax
$3,399 / yr
strata fee
$453 / mo ($0.38 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
2
MLS®
A2354225

buying in a building from 1982 to 2000: what to read first

features

  • Back lane
  • PVC window
  • Closet Organizers
  • Level
  • Parking
  • Pets Allowed With Restrictions

monthly cost

$2,283/mo
Mortgage $1,547 · Tax $283 · Strata $453

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

estimated payment
$1,547/ monthly
loan $284,000
25-year amortization
total interest
$180,010
land title fees
$740
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$71,740
down + land title fees
total paid
$464,010

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
−$1,143/mo
cap rate
1.4%
yearly net rent ÷ price

Costs: mortgage $1,547 · tax $283 · strata $453 · insurance ~$175 · 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

Aspen Ridge, Red DeerGoogle Maps ↗

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listed by
Karrie-Anne Brewster
RE/MAX real estate central alberta
call Karrie-Anne · 403-350-9782
Powered by: REALTOR.ca

similar homes nearby

property tax

about $3,488 a year

The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).

The listing shows $3,399 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

Aspen Ridge, Red DeerGoogle Maps ↗
Drive times
  • Notre Dame High3 min
  • Mattie McCullough Elementary4 min
  • Downtown Red Deer9 min
  • Red Deer Regional Hospital Centre9 min
  • Bower Place9 min
  • Red Deer Polytechnic11 min
70

Walkability 70/100 · Walkable: many errands on foot

Within a 10 minute walk: 1 grocery store, 7 places to eat or drink, 1 cafe, 16 parks and playgrounds, 2 schools, 2 pharmacies, 12 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

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