Condo
$199,900
314, 5330 47 Avenue
Downtown Red Deer, Red Deer25 days on market
listed by RE/MAX real estate central alberta
MLS® A2348417
225, 4805 45 Street
$284,000
225, 4805 45 Street
Downtown Red Deer, Red Deer · MLS® A2319370
212
1,000 sq ft · Condo · Single Family · built 1999 · 136 days on market
listed by Gordon Phillips, Maxwell Real Estate Solutions Ltd.
realtor's description
Come enjoy the easy life in this bright condo with an open floor plan and lots of natural light. New flooring in the entry way and kitchen, with newer countertops greets you upon entry. A large primary bedroom and a second bedroom, no window, along with a laundry room with extra space for a freezer. The west facing deck is oversized and comes with a bbq hookup and storage closet. Secure underground parking with another storage unit, car wash and vacuum bay. You can stay home or enjoy the many activities including card nights, snooker, shuffleboard, movies in the media room, and relaxing in the pool or hot tub. For your convenience there is a party room that can be booked for family occasions complete with kitchen facilities and suites to book for over night guests. Lock up and leave for vacation with no worries of yard work.
property details
- type
- Condo, Single Family
- bedrooms
- 2
- bathrooms
- 1
- living area
- 1,000 sq ft
- parking
- 2
- year built
- 1999
- property tax
- $2,452 / yr
- strata fee
- $722 / mo ($0.72 / sq ft)
- strata rules
- Pets Allowed With Restrictions, Age Restrictions
- days on market
- 136
- MLS®
- A2319370
features
- No Animal Home
- No Smoking Home
- Guest Suite
- Gas BBQ Hookup
- Parking
- Pets Allowed With Restrictions
monthly cost
$2,164/mo
Mortgage $1,237 · Tax $204 · Strata $722
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
if you rented it out
- rent
- $1,430/mo
- after all costs
- −$884/mo
- cap rate
- 1.5%
- yearly net rent ÷ price
Costs: mortgage $1,237 · tax $204 · strata $722 · 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
Downtown Red Deer, Red DeerGoogle Maps ↗
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