Bower, Red Deer · MLS® A2336165
211
877 sq ft · Condo · Single Family · built 1980 · 72 days on market
listed by Roxann Klepper, RE/MAX real estate central alberta
Affordable, convenient, and easy to maintain, this 2 Bedroom corner-unit condo at 201-49 Bennett Street is a practical option for first-time buyers, students, downsizers, or anyone looking to add an affordable property to their investment portfolio. Located on Red Deer’s south side, directly across from Bower Place and close to shopping, restaurants, services, and public transit, everyday essentials are just minutes away. Red Deer Polytechnic is approximately a 20-minute walk, and easy access to Red Deer’s trail network adds another convenient way to get around and enjoy the area.Being a corner unit is a definite bonus, with windows along both the north and west sides providing plenty of natural light along with exceptional airflow and cooling during the summer months. Easy-clean laminate flooring keeps everyday upkeep simple, while the Kitchen offers plenty of counter space for meal prep and everyday use. The adjoining Dining area leads into a comfortable Living Room with access to the Balcony.The Primary Bedroom is generously sized, while the second Bedroom offers flexibility for a roommate, guests, or additional space as needed. There’s also a dedicated in-suite storage room. The updated Bathroom features a large walk-in shower along with an abundance of counter space and storage. Shared laundry is conveniently accessed using reloadable Coinamatic laundry cards rather than coins or cash.An assigned powered parking stall is also included, with the power conveniently controlled by a breaker within the apartment’s fuse panel. Condo fees cover many of the day-to-day services and expenses associated with the property, including building maintenance, contributions to the reserve fund, building insurance, management, natural gas/heat, water/sewer, and garbage. Whether you're looking for an affordable place of your own, housing close to Red Deer Polytechnic, or an investment property in a convenient location, this condo offers a practical way to get into the Red De er real estate market.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $718 · tax $128 · strata $470 · 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 $1,620 a year
The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).
The listing shows $1,533 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 95/100 · Very walkable: most errands on foot
Within a 10 minute walk: 3 grocery stores, 30 places to eat or drink, 6 cafes, 7 parks and playgrounds, 2 pharmacies, 17 transit stops.
mihom score from OpenStreetMap places, by straight line distance.