5213 47 Avenue

Downtown Red Deer, Red Deer · MLS® A2353324

602 m² lot · Land · Vacant Land · 4 days on market

listed by Andrew Russell, RE/MAX real estate central alberta

realtor's description

A treed setting along Waskasoo Creek brings a natural backdrop to this downtown Red Deer development opportunity. This 50' x 130' lot at 5213 47 Avenue backs onto treed reserve and the creek, pairing a central location with green space behind. R-M zoning provides a starting point for exploring residential development options, while rear alley access offers flexibility when planning site access and parking. Downtown shopping, restaurants and professional services are nearby, along with parks and walking trails for time outdoors. City services will need to be brought into the lot from the road at the developer's expense. For a future residential project, the appeal is in the combination of downtown convenience and a creekside setting.

property details

type: Land, Vacant Land
lot: 602 m²
parking: 0
property tax: $1,672 / yr
days on market: 4
MLS®: A2353324

property tax

about $1,768 a year

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

The listing shows $1,672 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

$923/mo

Mortgage $784 · Tax $139

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

estimated payment

$784/ monthly

loan $143,920

25-year amortization

down payment20% · $35,98020%+ 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: $91,222
land title fees: $425; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $36,405; down + land title fees
total paid: $235,142

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.