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Red Deer · Single Family · under $400,000 · 1+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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22 arthur Close
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, NEW ROOFING SHINGLES 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!! ** ROOFING SHINGLES ARE REPLACED NOW** (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 7.42 Ft x 10.08 Ft | |
| Kitchen | 10.17 Ft x 11.17 Ft | |
| Pantry | 3.67 Ft x 3.58 Ft | |
| Living room | 9.00 Ft x 13.83 Ft | |
| 2pc Bathroom | 4.67 Ft x 5.58 Ft | |
| Other | 3.67 Ft x 8.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.67 Ft x 13.83 Ft | |
| Other | 3.75 Ft x 4.08 Ft | |
| Other | 4.17 Ft x 4.92 Ft | |
| 3pc Bathroom | 4.92 Ft x 8.17 Ft | |
| 3pc Bathroom | 4.92 Ft x 8.58 Ft | |
| Bedroom | 12.50 Ft x 12.92 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
-6.37%
Cap rate
3.59%
GRM
16.1
Break-even rent
$2,310
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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 24, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.