228, 54 Bell Street

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$189,900

228, 54 Bell Street

Bower, Red Deer · MLS® A2348409

211

898 sq ft · Condo · Single Family · built 1981 · 19 days on market

listed by Cassandra Westwood, Century 21 Maximum

realtor's description

IMMEDIATE POSSESSION available for this well-maintained condo in a prime location! Just steps away from the Red Deer River Valley trails and Bower Mall, this two bedroom, top floor unit has everything you could ask for. A new furnace and hot water heater, vinyl plank flooring throughout most of the unit, and timeless finishes are just some of the upgrades. This open-concept condo has two balconies- one off of the living area and one off of the primary bedroom. Whether you're a first-time home buyer, downsizing, or looking to add to your investment portfolio, you'll want to take a look at this low-maintenance option.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 898 sq ft
parking: 1
year built: 1981
property tax: $1,740 / yr
strata fee: $509 / mo ($0.57 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 19
MLS®: A2348409

features

See remarks
Parking
Pets Allowed With Restrictions
Washer
Refrigerator
Dishwasher

property tax

about $1,866 a year

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

The listing shows $1,740 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.

monthly cost

$1,481/mo

Mortgage $827 · Tax $145 · Strata $509

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

estimated payment

$827/ monthly

loan $151,920

25-year amortization

down payment20% · $37,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $96,293
land title fees: $445; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $38,425; down + land title fees
total paid: $248,213

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: −$201/mo
cap rate: 4.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $827 · tax $145 · strata $509 · 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