Parkvale, Red Deer · MLS® A2349370
211
891 sq ft · 2,230 sq ft lot · Townhouse · Single Family · built 1986 · 24 days on market
listed by Shantel Campbell, Royal LePage Network Realty Corp.
Enjoy main-floor living in this 55+ community, set in a mature neighbourhood close to amenities. This 2-bedroom, 1-bathroom home features a single attached garage and a three-season room off the main living area, plus enclosed storage room. Backing onto a greenbelt, it offers a peaceful setting near parks, the Golden Circle, recreation facilities and swimming pools, with convenient access to downtown shopping and restaurants. Lawn maintenance and snow removal are taken care of for a low annual fee of approximately $950, making everyday living easy.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
Costs: mortgage $1,298 · tax $195 · insurance ~$175 · 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 $2,928 a year
The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).
The listing shows $2,339 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 71/100 · Walkable: many errands on foot
Within a 10 minute walk: 1 place to eat or drink, 8 parks and playgrounds, 17 transit stops.
mihom score from OpenStreetMap places, by straight line distance.