Situated just steps from the Red Deer Hospital and close to shopping, restaurants, and groceries, this large 47' x 120' lot is zoned R-M, which permits multi-family development. The existing home is currently rented for $1,500/mo with the tenants paying all utilities. This older but well-maintained home has seen minor renovations including an updated kitchen and a newer high-efficiency furnace. It offers 2 bedrooms on the main floor and a 3rd bedroom in the basement with its own 2-piece bathroom, plus a large rec room. There is a single detached garage at the back, and the lot is fully fenced with a large yard.
Data was last updated July 30, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
382
Avg list price:
$434,900
Min list price:
$89,900
Max list price:
$4,750,000
Avg days on market:
27
Min days on market:
1
Max days on market:
393
Avg price per sq.ft.:
$354.16
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.