305, 19 Bennett Street

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$147,400

305, 19 Bennett Street

Bower, Red Deer · MLS® A2337641

111

618 sq ft · Condo · Single Family · built 1981 · 68 days on market

listed by Mitzi Billard, RE/MAX real estate central alberta

realtor's description

Beautifully updated 1-bedroom condo in a prime location across from Bower Mall! This fully renovated unit features stylish flooring, modern doors, a relaxing soaker tub, upgraded kitchen cabinets, a storage room and newer appliances. Heat is included in the condo fees. Small pets allowed with board approval. Close to walking trails, transit, restaurants, pubs, shopping and more. Great South Hill location is perfect for First Time Buyers, Investors, or College Students. Quick access to Gaetz avenue and all amenities.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 618 sq ft
parking: 1
year built: 1981
property tax: $1,332 / yr
strata fee: $349 / mo ($0.57 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 68
MLS®: A2337641

features

Parking
Pets Allowed With Restrictions
Refrigerator
Stove
Window Coverings

property tax

about $1,448 a year

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

The listing shows $1,332 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

$1,103/mo

Mortgage $642 · Tax $111 · Strata $349

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

estimated payment

$642/ monthly

loan $117,920

25-year amortization

down payment20% · $29,48020%+ 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: $74,742
land title fees: $370; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $29,850; down + land title fees
total paid: $192,662

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: −$61/mo
cap rate: 4.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $642 · tax $111 · strata $349 · 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