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Rural Red Deer County · Single Family · under $725,000 · 3+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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10 Memorial Parkway
Brand-new up/down duplex in Liberty Landing, ideally located within walking distance to Gasoline Alley's shops, restaurants, services, Farmers' Market, and trail system, with quick highway access and just 9 minutes to Red Deer Polytechnic. The main floor legal suite offers 2 bedrooms and 2 bathrooms, including a spacious primary bedroom with a walk-in closet and ensuite. The bright open-concept kitchen features a large centre island, quartz countertops, stainless steel appliances, and in-suite laundry, with access to the rear deck and divided yard. The fully developed walkout basement legal suite also offers 2 bedrooms, 2 bathrooms, a private entrance, abundant natural light, a primary bedroom with walk-in closet and ensuite, a modern kitchen with quartz countertops, large island, stainless steel appliances, in-suite laundry, and in-floor heating. Front and back sod, completed fencing, front and rear decks with railings, gravel parking pad, and paved back alley are all included. Each unit is self contained, utilities are separately metered except for water. A fantastic opportunity for homeowners or investors seeking a quality new build in a convenient location. Taxes to be assessed. GST included with rebate to builder. 1-2-5-10 year new home warranty for peace of mind (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Great room | 11.42 Ft x 21.33 Ft | |
| Kitchen | 9.42 Ft x 12.92 Ft | |
| Primary Bedroom | 10.42 Ft x 12.58 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 14.00 Ft x 10.42 Ft | |
| 4pc Bathroom | 5.00 Ft x 7.75 Ft | |
| Furnace | 7.58 Ft x 11.42 Ft | |
| Other | 5.08 Ft x 7.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Great room | 12.58 Ft x 22.00 Ft | |
| Kitchen | 11.83 Ft x 12.58 Ft | |
| Primary Bedroom | 13.00 Ft x 10.83 Ft | |
| Bedroom | 11.25 Ft x 14.42 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Furnace | 5.25 Ft x 10.42 Ft | |
| Other | 5.00 Ft x 7.75 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-1.08%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,023
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 4, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
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