48, 33 Jennings Crescent

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$185,000

48, 33 Jennings Crescent

Johnstone Crossing, Red Deer · MLS® A2326094

111

809 sq ft · Condo · Single Family · built 2005 · 109 days on market

listed by Brad Jenkins, eXp Realty

realtor's description

Rare, move-in ready ground-level condo — no stairs, no elevator! This 809 sq ft, 1-bedroom, 1-bathroom unit in Johnstone Crossing comes with your own assigned plug-in parking stall, just steps from your door. Enjoy an open-concept kitchen, in-suite laundry, and a spacious walk-in closet, all on one easy level. Pet-friendly building. Walk to a community health center, pharmacy with walk-in clinic, and grocery — everything you need close to home. Condo fees include heat, insurance, and snow removal. A smart, low-maintenance option for anyone looking to simplify without giving up space or comfort.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 809 sq ft
parking: 1
year built: 2005
property tax: $1,661 / yr
strata fee: $424 / mo ($0.52 / sq ft)
strata rules: Pets Allowed
days on market: 109
MLS®: A2326094

features

See remarks
Pets Allowed
Refrigerator
Dishwasher
Stove
Microwave Range Hood Combo

property tax

about $1,818 a year

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

The listing shows $1,661 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

$1,368/mo

Mortgage $806 · Tax $138 · Strata $424

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

estimated payment

$806/ monthly

loan $148,000

25-year amortization

down payment20% · $37,00020%+ 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: $93,808
land title fees: $435; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $37,435; down + land title fees
total paid: $241,808

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: −$327/mo
cap rate: 3.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $806 · tax $138 · strata $424 · 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