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Rare opportunities like this don't come along often! Lovingly maintained by the same family for decades, this charming 1955 raised bungalow is ideally located just one block from the hospital, within walking distance to downtown and all amenities, and backs onto a beautiful forested area along Waskasoo Creek with no neighbours behind. Situated on a huge lot with a spacious double garage, room for RV parking, and multi-family residential zoning, this property offers outstanding future potential for expansion or redevelopment "” while being a wonderful home today. Inside, you'll find a bright, functional layout with large windows, spacious rooms, and original mid-century charm. Numerous updates include shingles, high-efficiency furnace, humidifier, and hot water tank (all 2014) as well as vinyl windows in approximately 2023. This provides peace of mind and extremely affordable energy bills, even in the coldest months. The bright basement features a walk-up side entrance, plenty of storage, a kitchenette with a vintage gas stove, another bedroom and an office or den. This is a truly unique property offering exceptional value in one of Red Deer's most unique hidden locations.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 7/16/2026 |
|---|---|---|---|
| TRACT | Downtown Red Deer | YEAR BUILT | 1955 |
| GARAGE SPACES | 2.0 | COUNTY | Red Deer |
| STATUS | Pending | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Electric Range, Freezer, Gas Range, Refrigerator |
| BASEMENT | Exterior Entry, Full, Partially Finished, Walk-Up Access, Yes |
| CONSTRUCTION | Frame, Vinyl Siding |
| EXTERIOR | Private Entrance, Private Yard |
| GARAGE | Yes |
| HEAT | Forced Air, Humidity Control, Natural Gas |
| INTERIOR | Ceiling Fan(s), See Remarks |
| LOT | 7405 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Rectangular Lot |
| PARKING | Garage Door Opener, Off Street, Garage |
| STORIES | 1 |
| STYLE | Bungalow |
| SUBDIVISION | Downtown Red Deer |
| TAXES | 3289.34 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with RE/MAX real estate central alberta
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Data last updated 7/21/26 6:37 PM PDT
This IDX solution is (c) Diverse Solutions 2026.
