Sunnybrook, Red Deer · MLS® A2278580
211
791 sq ft · Condo · Single Family · built 1974 · 286 days on market
listed by Tony Sankovic, RE/MAX real estate central alberta
Sought after SUNNYBROOK is where you will find this wonderful, renovated, freshly painted, 2 bed, one bath condo, with EAST facing fenced garden area for your BBQ pleasure or just relaxing. Yes, there is an exterior renovation going on with a completion date in 2026. All new decks and all new siding will make this property a true gem. This complex is close to everything including the vibrant southside, numerous walking/bike paths, schools, shopping, hospital, and also easy access to highway 2 and the Red Deer College making this property appealing to investors. The condo board has chosen that rather than issuing a lump sump cash call to complete all the exterior renovations, they have decided to raise the condo fees while also keeping the resale price of the units lower than similar properties.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
about $1,228 a year
The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).
The listing shows $1,198 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.
Costs: mortgage $545 · tax $100 · strata $914 · 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
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Walkability 41/100 · Somewhat walkable: some errands on foot
Within a 10 minute walk: 15 parks and playgrounds, 3 schools, 19 transit stops.
mihom score from OpenStreetMap places, by straight line distance.