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