Parkvale, Red Deer · MLS® A2345140
231
1,137 sq ft · 2,359 sq ft lot · Townhouse · Single Family · built 1985 · 39 days on market
listed by Tim Maley, RE/MAX real estate central alberta
Great location and a perfect option for those looking to downsize! This Parkvale attached bungalow offers all of the main floor features a busy buyer or snowbird might be looking for, including a large and bright front living room with wood burning fireplace, connected kitchen and dining space, and main floor laundry. There is a full 4 pce bath on the main, plus 2 bedrooms including the main bedroom with it's own 3 pce ensuite! Hard surface flooring allows for easy cleanup, the kitchen is functional and has oak cabinets, and there is a rear detached single garage plus a concrete pad in the back. The basement is finished with a large rec room, front den, 3pce bath and separate storage room - there is ample space in the lower level for a media or hobby room! Parkvale is nicely located near Barrett Park, walking trails, and all of the shopping and amenities in downtown Red Deer!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
Costs: mortgage $1,263 · tax $232 · 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 $2,849 a year
The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).
The listing shows $2,781 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 73/100 · Walkable: many errands on foot
Within a 10 minute walk: 1 grocery store, 2 places to eat or drink, 5 parks and playgrounds, 1 school, 1 pharmacy, 16 transit stops.
mihom score from OpenStreetMap places, by straight line distance.