Downtown Red Deer, Red Deer · MLS® A2336965
211
851 sq ft · Condo · Single Family · built 1976 · 73 days on market
listed by Bobby-Jo Nesterchuk, Century 21 Advantage
Affordable Downtown Living with CharacterLooking for an affordable way to enjoy downtown living or a great opportunity to add to your investment portfolio? This 2-bedroom, top-floor corner condo offers comfort, convenience, and plenty of potential.Enjoy the added privacy of a corner unit with only one shared wall, along with the peace and quiet of being on the top floor. The home features updated white cabinetry, durable laminate flooring, and a 4-piece bathroom with a relaxing soaker tub.The functional layout includes 4 appliances, including a convenient washer/dryer combo, a private balcony, in-unit storage, and one powered parking stall. Additional storage may be available through the condo board.Located close to downtown amenities, shopping, transit, and nearby trails, this is a great opportunity to enjoy a convenient lifestyle without the price tag of a newer property.Affordable, practical, and full of potential—whether you’re looking for your first home, a low-maintenance place to call your own, or an investment property, this condo is worth a look!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $566 · tax $105 · strata $548 · 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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about $1,276 a year
The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).
The listing shows $1,263 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.
Walkability 93/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 22 places to eat or drink, 5 cafes, 6 parks and playgrounds, 2 schools, 2 pharmacies, 18 transit stops.
mihom score from OpenStreetMap places, by straight line distance.