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201, 49 Bennett Street
homes for sale · Red Deer · Bower
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$164,900

201, 49 Bennett Street

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

realtor's description

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.

property details

type
Condo, Single Family
bedrooms
2
bathrooms
1
living area
877 sq ft
parking
1
year built
1980
property tax
$1,533 / yr
strata fee
$470 / mo ($0.54 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
72
MLS®
A2336165

features

  • Parking
  • Pets Allowed With Restrictions
  • Refrigerator
  • Dishwasher
  • Stove
  • Microwave

monthly cost

$1,316/mo
Mortgage $718 · Tax $128 · Strata $470

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

estimated payment
$718/ monthly
loan $131,920
25-year amortization
total interest
$83,616
land title fees
$400
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$33,380
down + land title fees
total paid
$215,536

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
−$35/mo
cap rate
5.0%
yearly net rent ÷ price

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

location

Bower, Red DeerGoogle Maps ↗

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listed by
Roxann Klepper
RE/MAX real estate central alberta
call Roxann · 403-872-4546
Powered by: REALTOR.ca
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similar homes nearby

property tax

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.

location

Bower, Red DeerGoogle Maps ↗
Drive times
  • Bower Place1 min
  • École La Prairie3 min
  • Red Deer Regional Hospital Centre4 min
  • Downtown Red Deer5 min
  • Red Deer Polytechnic6 min
  • Hunting Hills High7 min
95

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.

228, 54 Bell Street, Red Deer
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228, 54 Bell Street, Red Deer, photo 8
Condo
$189,900
4methe deep dive
228, 54 Bell Street
Bower, Red Deer19 days on market
listed by Century 21 Maximum
211898 sq ft
MLS® A2348409
305, 19 Bennett Street, Red Deer
305, 19 Bennett Street, Red Deer, photo 2
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305, 19 Bennett Street, Red Deer, photo 8
Condo
$147,400
4methe deep dive
305, 19 Bennett Street
Bower, Red Deer68 days on market
listed by RE/MAX real estate central alberta
11
1
618 sq ft
MLS® A2337641