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2 Elm Close
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Beds
3
Baths
2
Sqft
1,216
Year
1993
Type
Single Family
On market
10d
Whether you're looking for a family home, retirement property, or investment opportunity, this affordable home in the quiet hamlet of Erskine may be exactly what you've been searching for. Situated on a spacious 0.25-acre lot in a peaceful cul-de-sac, this modular home offers comfort, privacy, and plenty of potential.Out front, you'll find a generous 30x34 parking pad—perfect for RV parking, storing the toys, or as a great starting point for a future garage, as well as a front deck extending across between the 2 entrances. A unique feature of this home is the concrete foundation extending beneath the modular, providing a solid and sturdy base.Inside, the open-concept layout brings together the kitchen, dining, and living areas, creating a welcoming space that's ideal for everyday living and entertaining. The kitchen offers ample cupboard and counter space along with a convenient pantry. Just beyond the kitchen is the laundry room, leading to the spacious primary bedroom complete with a walk-in closet and a 4-piece ensuite featuring a relaxing jacuzzi tub.At the opposite end of the home are two additional bedrooms and another 4-piece bathroom, offering a functional layout for families or guests.The fully fenced backyard is ideal for children and pets to play safely. With a large parcel behind the property consisting mainly of grass and low lying area, you'll enjoy added privacy and peaceful views. Mature trees provide extra shade, and two storage sheds—including a spacious 10x16 shed—offer plenty of room for tools and outdoor equipment.Erskine is a welcoming community featuring a K–9 school and a convenient location just 10 minutes from Stettler for shopping and amenities, and approximately 45 minutes from Red Deer.If you're looking for a solid home that offers great value without breaking the bank, you may want to come have a look. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.75 Ft x 14.67 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.92 Ft | |
| Bedroom | 7.92 Ft x 10.42 Ft | |
| Living room | 14.42 Ft x 14.67 Ft | |
| Dining room | 6.92 Ft x 10.25 Ft | |
| Kitchen | 7.25 Ft x 18.92 Ft | |
| Laundry room | 5.67 Ft x 6.25 Ft | |
| Primary Bedroom | 13.00 Ft x 14.67 Ft | |
| 4pc Bathroom | 5.67 Ft x 9.42 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
48.45%
Cap rate
14.55%
GRM
5.5
Break-even rent
$1,049
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 8, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Erskine. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.