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Pemberton Holmes Ltd.

mihom.ca is operated by Dan Robbins, REALTOR®, Pemberton Holmes Ltd.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listing data via CREA's DDF®. about · terms of use · privacy · © 2026 mihom.

201, 5330 57 Avenue
homes for sale · Red Deer · Downtown Red Deer
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$187,900

201, 5330 57 Avenue

Downtown Red Deer, Red Deer · MLS® A2353334

111

836 sq ft · Condo · Single Family · built 1978 · 5 days on market

listed by Michael Holmes, Royal LePage Network Realty Corp.

realtor's description

Welcome to this spacious 1 bedroom , 1 bathroom apartment located in the downtown Red Deer area. When you step inside you will immediately be impressed with how well cared for and clean this unit is. The master bedroom has 2 closet spaces, perfect for a couple. The bathroom is fully tiled with shower. The kitchen has ample space and the dining area offers additional storage cabinets with glass doors to display your collectibles. The living room features a corner gas fireplace and access to the patio. The covered patio on this unit is on the west shaded side of the building, There are pull down privacy blinds on the balcony. There is an A/C unit mounted in the living room and the apartment is heated by radiant heaters throughout. This apartment has its own in suite laundry. A great feature to this building is the enclosed heated underground parking so your vehicle will be secure year round. There is also a storage locker located just off the north side of the parking area on the main floor. This building has an age restriction of 40+. Condo fees are $527.26 a month and include garbage/water/sewer and heat. If your downsizing, work away and/or like to travel frequently this apartment is perfect for you.

property details

type
Condo, Single Family
bedrooms
1
bathrooms
1
living area
836 sq ft
parking
1
year built
1978
property tax
$1,304 / yr
strata fee
$527 / mo ($0.63 / sq ft)
strata rules
Pets Allowed With Restrictions, Age Restrictions
days on market
5
MLS®
A2353334

features

  • See remarks
  • Other
  • No Animal Home
  • Pets Allowed With Restrictions
  • Age Restrictions
  • Refrigerator

monthly cost

$1,455/mo
Mortgage $819 · Tax $109 · Strata $527

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

estimated payment
$819/ monthly
loan $150,320
25-year amortization
total interest
$95,279
land title fees
$445
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$38,025
down + land title fees
total paid
$245,599

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
$1,170/mo
after all costs
−$413/mo
cap rate
2.6%
yearly net rent ÷ price

Costs: mortgage $819 · tax $109 · strata $527 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Red Deer: CMHC's average there ($1,220) lowered 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
Michael Holmes
Royal LePage Network Realty Corp.
call Michael · 403-350-5579
Powered by: REALTOR.ca
▶ virtual tour

similar homes nearby

property tax

about $1,846 a year

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

The listing shows $1,304 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 Deer1 min
  • École Camille J. Lerouge2 min
  • Lindsay Thurber Comprehensive High3 min
  • Red Deer Regional Hospital Centre5 min
  • Parkland Mall5 min
  • Red Deer Polytechnic9 min
75

Walkability 75/100 · Walkable: many errands on foot

Within a 10 minute walk: 4 places to eat or drink, 7 parks and playgrounds, 2 schools, 2 pharmacies, 13 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

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