Downtown Red Deer, Red Deer · MLS® A2348417
222
1,054 sq ft · Condo · Single Family · built 1978 · 25 days on market
listed by Marcella Barthel, RE/MAX real estate central alberta
TWO UNDERGROUND PARKING STALLS AND TWO BALCONIES! Welcome home to this FRESHLY painted downtown TOP FLOOR condo with all NEW carpet! This 2 bedroom, 2 bath home is move-in ready and offers a comfortable, low maintenance lifestyle. Enjoy the added bonus of a balcony off the living room and one off the primary bedroom along with a gas fireplace for those winter nights that are coming. Insuite laundry! Parking is a breeze with two underground parking stalls, a fantastic feature that is hard to find. This condo is an excellent opportunity for those looking for a 45+ building close to the trails and downtown amenities.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $871 · tax $146 · strata $723 · 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 $1,964 a year
The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).
The listing shows $1,752 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 75/100 · Walkable: many errands on foot
Within a 10 minute walk: 5 places to eat or drink, 7 parks and playgrounds, 2 schools, 2 pharmacies, 13 transit stops.
mihom score from OpenStreetMap places, by straight line distance.