Morrisroe Extension, Red Deer · MLS® A2349142
322
1,244 sq ft · 1,996 sq ft lot · Townhouse · Single Family · built 1984 · 24 days on market
listed by Marina Kooman, RE/MAX real estate central alberta
NO CONDO FEES! This beautifully maintained and move-in-ready townhome in the highly desirable Morrisroe neighborhood presents an incredible opportunity for investors or first-time home buyers alike. The charming main level welcomes you with beamed ceilings and a remarkably spacious, west-facing living room with big bright windows looking out onto a small green space—complete with a rough-in for a cozy corner fireplace. Cooking and entertaining are a breeze in the updated, generously sized kitchen and dining area, which sits just steps away from a main-floor 2 pce bathroom and laundry closet. Upstairs boasts three spacious bedrooms and a full 4-piece bathroom, while the unfinished lower level provides endless potential for a custom family room, extra storage, or an additional bathroom. Step outside to your private, covered deck and lawn space, which features a large storage shed and rear parking. With premium peace-of-mind upgrades already taken care of—including a new furnace (2025), shingles (2018), newer windows (2016); paint, kitchen and bathroom renovations (2017)—this lovely sparkling property is completely turnkey and waiting for you!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
Costs: mortgage $1,176 · tax $207 · 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
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about $2,653 a year
The asking price times Red Deer's 2026 residential rate of 9.83 per $1,000 (municipal and education).
The listing shows $2,484 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 46/100 · Somewhat walkable: some errands on foot
Within a 10 minute walk: 10 parks and playgrounds, 12 transit stops.
mihom score from OpenStreetMap places, by straight line distance.