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132 Kirkland Close
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Red Deer · Single Family · under $325,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Unlock Your Vision in This Charming ½ Duplex!Here's your chance to build equity and make it your own! This 1,030 sq ft half duplex is perfectly situated close to schools and the YMCA — a great location situated on a close and a pie lot.Freshly painted, the main floor offers an open-concept layout with hardwood flooring flowing through the living room, dinette, and hall. The kitchen features lots of counter space, breakfast bar and a door that opens directly onto a sunny deck and south-facing rear yard. The backyard has been freshly re-seeded and is dotted with mature lilac bushes.Off-street parking in the rear adds everyday convenience.Two comfortable bedrooms and a full 4-piece bathroom round out the main level, along with the added bonus of main floor laundry. Downstairs, the mostly undeveloped basement is a blank canvas brimming with potential — featuring large windows, rough-in for in-floor heat, a rough-in for a second bathroom, and room to develop two additional bedrooms plus a generous family room. A separate rear entry offers added flexibility for future development possibilities.Whether you're an investor, a first-time buyer, or looking to downsize, this home is ready to add your personal touch. The seller is having new shingles installed. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Kitchen | 11.83 Ft x 12.00 Ft | |
| Other | 9.00 Ft x 10.00 Ft | |
| Living room | 11.00 Ft x 18.00 Ft | |
| Bedroom | 9.00 Ft x 9.00 Ft | |
| Primary Bedroom | 10.92 Ft x 11.00 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
1.13%
Cap rate
5.09%
GRM
12.7
Break-even rent
$1,842
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 Jun 22, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.