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Investment signal

$372,000

22 arthur Close

Save this home

Beds

2

Baths

3 full + 1 half

Sqft

Year

2004

Type

Single Family

Suite

Investment signal

Location nearby

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.

About this home

Experience the perfect blend of modern luxury and quiet cul-de-sac living at 22 Arthur Close. This meticulously renovated 2-storey semi-detached duplex in Aspen Ridge has been transformed with high-end finishes, including brand-new vinyl flooring, fresh designer paint, sleek brand new appliances, and custom window coverings. The heart of the home is an expansive open-concept main floor, where a sun-drenched, East-facing living area flows seamlessly into a gourmet kitchen featuring a massive central island, walk-in pantry, and direct access to your attached garage.The upper level is a rare find, boasting two massive bedrooms, each featuring its own private ensuite bathroom—the primary retreat even offers dual walk-in closets! Outside, enjoy the freedom of no condo fees while being steps away from the best of Red Deer. You are less than 2km from the East Hill Shopping Centre, grocery stores, and the Collicutt Centre, with Bower Place just a short 5km drive away. Whether you are a first-time buyer or looking for a savvy investment, this turnkey property offers unmatched value in a prime location. Book your showing today! (id:65958)

Subtype
Single Family
Structure
Duplex
Community
Aspen Ridge
Common interest
Freehold
Living area
1,230 square feet
Lot size
2,684.2 square feet
Lot dimensions
2684.20
Bedrooms
2 above grade, 0 below grade
Parking
2 total
Stories
2
On market
Apr 9, 2026
Status changed
Apr 22, 2026
Annual tax
$2,872.14 (2025)
Zoning
R-D
Photos
15
MLS#
A2300341
Area
RED_DEER

Features and systems

Parking

Attached Garage

Basement

UnfinishedFull

Appliances

WasherRefrigeratorRange - ElectricDishwasherDryerMicrowave Range Hood Combo

Heating

Central heating

Cooling

None

Exterior

Vinyl sidingSee Remarks

Flooring

Vinyl Plank

Foundation

Poured Concrete

Lot

Cul-de-sacSee remarksOther
Negative cash flow ~$418/mo at these assumptions

Cash on cash

-6.75%

Cap rate

3.51%

GRM

16.3

Break-even rent

$2,340

Financing

Down payment$74,400
Loan amount$297,600
Mortgage$1,508/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$171
Insurance$80
Maintenance$310
CapEx reserve$155
Vacancy loss$95

Estimates 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.

Mortgage estimate

Estimated $1,508/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.

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