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22 Earl Close
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Red Deer · Single Family · under $500,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to this beautifully two-storey half duplex nestled on a quiet close in one of Red Deer's most sought-after communities. Designed with an open-concept layout and flooded with natural light, this home offers the perfect blend of contemporary style, thoughtful functionality, and an unbeatable location. The heart of the home is the stunning designer kitchen, where dark cabinetry, gleaming stainless steel appliances, a spacious pantry, and an oversized centre island with an eating bar create the ideal space for gathering with family and friends. An abundance of cupboard space makes organization effortless, while the adjacent dining area provides plenty of room for entertaining. Upstairs, retreat to the spacious primary suite featuring a generous walk-in closet and a private ensuite complete with a beautifully finished glass and tile shower. Two additional bedrooms, a full bathroom, and the convenience of upper-level laundry make family living both practical and comfortable. The unfinished basement is a blank canvas, ready to bring your vision to life with additional living space, a home gym, or extra bedrooms. Living in Evergreen means embracing an active lifestyle surrounded by nature. This award-winning community offers an abundance of parks, playgrounds, scenic walking trails, natural reserves, and interconnected pathways that link to Red Deer's extensive trail system. Just minutes away you'll find Clearview Market Square with shopping, restaurants, fitness facilities, and everyday conveniences, while nearby amenities include River Bend Recreation Area, Riverbend boat launch, cross-country ski trails, and Three Mile Bend an off-leash dog park. Stylish, low-maintenance, and ideally located—this exceptional home offers the perfect balance of modern living and outdoor adventure in one of Red Deer's premier family communities. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.92 Ft x 12.58 Ft | |
| Dining room | 8.17 Ft x 12.42 Ft | |
| Living room | 11.33 Ft x 12.33 Ft | |
| 2pc Bathroom | .00 Ft x .00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 10.83 Ft x 12.75 Ft | |
| 3pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 9.67 Ft x 12.83 Ft | |
| Bedroom | 9.00 Ft x 10.83 Ft | |
| 4pc Bathroom | — |
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
-5.55%
Cap rate
3.75%
GRM
15.8
Break-even rent
$2,843
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 Jul 3, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.