Parkvale, Red Deer · MLS® A2337926
111
486 sq ft · Condo · Single Family · built 1977 · 68 days on market
listed by Derek Austin, Century 21 Advantage
Parkvale located 5th floor , elevator access end unit 1-bedroom, 1-bathroom condo on the Edge of Downtown Red Deer. Unit shows well and features a functional open-concept layout, spacious living room, galley kitchen, and full 4-piece bath. Unit has been upgraded with Neutral paint colours, Laminate flooring in LI ( large window) Ceramic tiles in kitchen and bathroom , bedroom has lino ( Large windows) . Same-floor coin laundry, 1 parking stall with the option to pay for a powered stall for $35.00 per month. This unit has always been in a Rental pool. All utilities included in Rental rate of $ 1,025.00.( new rental rates for new tenants will be $1075) Condo fee $393.96/Monthly includeds all utilities . Tenant has lived here for around 2 yrs. Security camera's outside and inside , Fob access to building front and back doors. On-site manager. Unbeatable location within walking distance of shopping, dining, medical facilities, and Waskasoo trail system. City Park area just south of building . Golden Circle Seniors community centre and recreation centre with swimming pool is also close by. Pet friendly with board approval . Ideal for buyers or investors looking for high value!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $414 · tax $75 · strata $394 · 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
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about $933 a year
The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).
The listing shows $902 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 85/100 · Very walkable: most errands on foot
Within a 10 minute walk: 17 places to eat or drink, 5 cafes, 7 parks and playgrounds, 2 schools, 3 pharmacies, 20 transit stops.
mihom score from OpenStreetMap places, by straight line distance.