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20, 10 Fairbank Road
homes for sale · Red Deer · Fairview
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$165,000

20, 10 Fairbank Road

Fairview, Red Deer · MLS® A2313103

322

617 sq ft · 581 sq ft lot · Townhouse · Single Family · built 1989 · 157 days on market

listed by Kshitija Dahal, LPT Realty

realtor's description

3 BEDROOM, 1.5 BATH HOME, Covered entry welcomes you into a bright and functional layout designed for everyday living. The main floor offers a spacious living area with large windows allowing for plenty of natural light, a dining space ideal for family gatherings, and a well-appointed kitchen with ample cabinet and counter space, plus easy access to the outdoor area. A convenient 2-piece bathroom completes the main level. Upstairs/downstairs features three bedrooms, offering flexibility for families, guests, or a home office, along with a full 4-piece bathroom. Additional features include laundry, extra storage space, and parking. Located close to parks, walking trails, schools, shopping, and everyday amenities, this property offers comfortable living in a convenient location.

property details

similar homes nearby

type
Townhouse, Single Family
bedrooms
3
bathrooms
2
living area
617 sq ft
lot
581 sq ft
parking
2
year built
1989
property tax
$1,418 / yr
strata fee
$352 / mo ($0.57 / sq ft)
strata rules
Pets Allowed
days on market
157
MLS®
A2313103

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

features

  • No neighbours behind
  • Parking
  • Lake Privileges
  • Pets Allowed
  • Washer
  • Refrigerator

monthly cost

$1,189/mo
Mortgage $719 · Tax $118 · Strata $352

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

estimated payment
$719/ monthly
loan $132,000
25-year amortization
total interest
$83,667
land title fees
$400
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$33,400
down + land title fees
total paid
$215,667

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
$1,740/mo
after all costs
$237/mo
cap rate
6.9%
yearly net rent ÷ price

Costs: mortgage $719 · tax $118 · strata $352 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Red Deer: CMHC's average there ($1,677) raised by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (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

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Kshitija Dahal
LPT Realty
call Kshitija · 587-447-2221
Powered by: REALTOR.ca

location

Fairview, Red DeerGoogle Maps ↗

property tax

about $1,621 a year

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

The listing shows $1,418 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

Fairview, Red DeerGoogle Maps ↗
Drive times
  • Oriole Park Elementary3 min
  • Downtown Red Deer4 min
  • Red Deer Regional Hospital Centre5 min
  • Parkland Mall7 min
  • Lindsay Thurber Comprehensive High8 min
  • Red Deer Polytechnic8 min
65

Walkability 65/100 · Walkable: many errands on foot

Within a 10 minute walk: 2 places to eat or drink, 2 cafes, 12 parks and playgrounds, 1 school, 10 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

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