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Reduced $16,900 (3%) from $575,900
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194 Webster Drive
Beds
5
Baths
3
Sqft
1,281
Year
2005
Type
Single Family
On market
27d
LOCATION, LOCATION! This extremely well cared for 5 bedroom bi-level located in Westlake on a corner lot has had a thorough and amazing renovation done to the LEGAL basement suite. The suite has it's own separate entrance at the rear of the house which steps out to the back yard. There are two very large bedrooms and a full 4 piece bathroom including a deep soaker tub. The kitchen, dining and living rooms flow together making the term "open concept" very real. The upgrades are immense from the ceramic tile flooring to the custom interior doors. A beautiful kitchen area with a lot of cupboards, stainless steel appliances and under the stairs a huge pantry/storage area. The basement has functional in-floor heat. The upstairs is heated by the furnace with central a air conditioner. There are three bedrooms upstairs, a full four piece main bathroom and a three piece ensuite. The living room is cozy and yet spacious. This kitchen is also quite large with a good sized eating area. The back door leads out to a 8 X 14ft COVERED deck. The fence in the back yard can be removed for more parking space if needed. The exterior of the home is esthetically pleasing with a combination of rock and vinal siding. The yard is fully landscaped with an apple tree out front and many perennials along the side of the house. The shingles were replaced in 2005, new HWT in 2017 and furnace in 2022. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 16.92 Ft x 16.58 Ft | |
| Other | 13.25 Ft x 13.83 Ft | |
| Bedroom | 13.25 Ft x 13.42 Ft | |
| Bedroom | 11.42 Ft x 11.58 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.92 Ft x 17.50 Ft | |
| Kitchen | 17.42 Ft x 11.17 Ft | |
| Dining room | 14.33 Ft x 8.42 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Primary Bedroom | 11.67 Ft x 11.33 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 9.92 Ft x 9.17 Ft | |
| Bedroom | 9.33 Ft x 9.92 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
-1.27%
Cap rate
4.61%
GRM
13.9
Break-even rent
$3,475
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 7, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Red Deer. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.