Johnstone Park, Red Deer · MLS® A2340812
212
843 sq ft · Condo · Single Family · built 2009 · 57 days on market
listed by Len Parsons, RE/MAX real estate central alberta
Welcome home to this bright and spacious 2-bedroom unit, ideally located at the back of the complex for added privacy and featuring a desirable west-facing view. The open-concept living space boasts soaring vaulted ceilings and plenty of natural light, creating a warm and inviting atmosphere. Enjoy the upgraded package, including crown moulding and laminate flooring throughout. The kitchen features a center island with pendant lighting, perfect for entertaining or enjoying your morning coffee. Step outside onto the oversized balcony and take in the west-facing views. Additional highlights include in-unit laundry and a functional layout designed for comfortable everyday living. Whether you're a first-time buyer or looking for an excellent investment opportunity, this is a fantastic chance to stop renting and start building equity in your own home! comes with 2 parking stalls.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $941 · tax $184 · strata $216 · insurance ~$35 · 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 $2,121 a year
The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).
The listing shows $2,206 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 25/100 · Mostly by car
Within a 10 minute walk: 12 parks and playgrounds, 1 school, 13 transit stops.
mihom score from OpenStreetMap places, by straight line distance.