6 Ellenwood Drive

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

rent

$1,740/mo

after all costs

$250/mo

cap rate

6.6%

yearly net rent ÷ price

Costs: mortgage $980 · tax $196 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Red Deer: CMHC's average there ($1,677) raised by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (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