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203, 4700 55 Street
homes for sale · Red Deer · Downtown Red Deer
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$97,600

203, 4700 55 Street

Downtown Red Deer, Red Deer · MLS® A2324140

111

413 sq ft · Condo · Single Family · built 1964 · 107 days on market

listed by Jacqui Fletcher, Royal LePage Network Realty Corp.

realtor's description

Centrally located in the heart of Red Deer, this condo offers comfortable, low-maintenance living within walking distance to all amenities. The building features laundry, an elevator, and a cozy sitting area with a library. Inside the unit, the open-concept main living space is enhanced by large windows that flood the home with natural light. The functional galley-style kitchen features white cabinetry, some counter space, and a convenient eating bar. The living room provides direct access through garden doors to a large covered, north-facing balcony—perfect for relaxing. A well-appointed 4-piece bathroom and a walk-in storage closet with floor-to-ceiling shelving add to the home’s practicality. This property offers true ease of living with a monthly condo fee of $267.58, which includes insurance, heat, water, sewer, parking, interior and exterior maintenance, snow removal, trash, professional management, and reserve fund contributions. The unit also includes one assigned parking stall, along with ample visitor parking. An excellent opportunity for first-time buyers, downsizers, or investors seeking a centrally located property in a well-managed building by Braden Equities. This unit is part of a rental pool also managed by Braden equities.

property details

type
Condo, Single Family
bedrooms
1
bathrooms
1
living area
413 sq ft
parking
1
year built
1964
property tax
$950 / yr
strata fee
$268 / mo ($0.65 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
107
MLS®
A2324140

features

  • Pets Allowed With Restrictions
  • Refrigerator
  • Stove

monthly cost

$772/mo
Mortgage $425 · Tax $79 · Strata $268

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

estimated payment
$425/ monthly
loan $78,080
25-year amortization
total interest
$49,490
land title fees
$280
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$19,800
down + land title fees
total paid
$127,570

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
$269/mo
cap rate
8.5%
yearly net rent ÷ price

Costs: mortgage $425 · tax $79 · strata $268 · 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
Jacqui Fletcher
Royal LePage Network Realty Corp.
call Jacqui · 403-896-3244
Powered by: REALTOR.ca
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similar homes nearby

property tax

about $959 a year

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

The listing shows $950 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 Deer2 min
  • École Camille J. Lerouge2 min
  • Lindsay Thurber Comprehensive High3 min
  • Parkland Mall4 min
  • Red Deer Regional Hospital Centre5 min
  • Red Deer Polytechnic9 min
68

Walkability 68/100 · Walkable: many errands on foot

Within a 10 minute walk: 2 places to eat or drink, 5 parks and playgrounds, 2 schools, 13 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

107, 4700 55 Street, Red Deer
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Condo
$104,900
4methe deep dive
107, 4700 55 Street
Downtown Red Deer, Red Deer43 days on market
listed by Royal LePage Network Realty Corp.
111576 sq ft
MLS® A2324136
104, 4700 55 Street, Red Deer
104, 4700 55 Street, Red Deer, photo 2
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104, 4700 55 Street, Red Deer, photo 4
104, 4700 55 Street, Red Deer, photo 5
104, 4700 55 Street, Red Deer, photo 6
104, 4700 55 Street, Red Deer, photo 7
104, 4700 55 Street, Red Deer, photo 8
Condo
$104,900
4methe deep dive
104, 4700 55 Street
Downtown Red Deer, Red Deer43 days on market
listed by Royal LePage Network Realty Corp.
11
1
575 sq ft
MLS® A2323906