Investors or first time home buyers! If you're looking for a no maintenance, no hassle real estate investment, this 1 bedroom condo has a great long term tenant and can be managed in a rental pool (but is not required to be). This 2nd floor apartment offers 623 sq ft of functional living space with a long term tenant already in place paying $1300/mo. The layout includes a galley style kitchen with white appliances, a separate dining area, and a large living room with sliding doors to a private balcony. The unit features one nicely sized bedroom with ample closet space, a 4 pce bathroom, and a large storage room, adding useful space for everyday items. One assigned parking stall is also included. Condo fees of $461.13 include all utilities except power which is paid for by the tenant, professional management, common area maintenance, and exterior maintenance. This property offers immediate income potential for investors, or an affordable living option for a single working individual. Located close to shopping, restaurants, transit, schools, and the river trail system, this is a practical and economical choice in a convenient area.
Data was last updated November 30, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
268
Avg list price:
$439,700
Min list price:
$75,000
Max list price:
$2,150,000
Avg days on market:
38
Min days on market:
1
Max days on market:
359
Avg price per sq.ft.:
$337.97
These statistics are generated based on the current listing's property type
and located in
Red Deer. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.