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Red Deer · Single Family · under $825,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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224 Emerald Drive
Welcome to this stunning modified bi-level located across from the pond in Evergreen! The bright, open concept main floor features 13’ ceilings, large windows with powered zebra blinds, beautiful vinyl plank flooring and a electric fireplace with a striking floor to ceiling feature wall. The kitchen is a true highlight with quartz countertops, plenty of cabinet space, black stainless-steel appliances, a corner pantry and a large centre island with eating bar and under mount sink. There is an impressive arched feature wall over the stove that is complete with hood fan, pot filler, and full tile backsplash. Two generous bedrooms and a full 4-piece bathroom complete this level. A few steps up lead you to your private primary suite featuring a loft sitting area overlooking the open main floor. The spacious primary bedroom easily accommodates king-sized furniture and offers a large walk-in closet and a luxurious 5-piece ensuite featuring a freestanding tub, separate fully tiled shower with bench, dual sinks with under-cabinet motion lighting, and an exposed brick feature wall.Downstairs, the fully finished basement includes in-floor heat, a large family room, a 4th bedroom, and another 4-piece bathroom. The separate laundry room provides plenty of space for a folding table plus additional storage. This home is equipped with hot water on demand, a high efficient furnace as well as a water softener.Step outside through the dining area onto the large west-facing low-maintenance deck complete with Duradek, aluminum railing, and a gas line for your BBQ. The deck is fully enclosed with hardie board, creating an impressive under-deck storage space. Enjoy your fully fenced and landscaped backyard complete with artificial turf, vinyl fencing, a large concrete patio, and firepit area, ideal for summer evenings and low-maintenance living.The front double attached garage is fully finished, heated, and upgraded with epoxy flooring.This home truly checks every box: style, space, upgrades, and an unbeatable location. Turn-key ready and packed with features! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 25.17 Ft x 19.00 Ft | |
| Bedroom | 13.25 Ft x 9.33 Ft | |
| 4pc Bathroom | 8.17 Ft x 5.75 Ft | |
| Furnace | 8.42 Ft x 12.25 Ft | |
| Laundry room | 9.25 Ft x 9.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12.25 Ft x 12.17 Ft | |
| Living room | 26.00 Ft x 10.83 Ft | |
| Dining room | 15.17 Ft x 8.67 Ft | |
| Bedroom | 9.67 Ft x 10.08 Ft | |
| 4pc Bathroom | 8.00 Ft x 6.58 Ft | |
| Bedroom | 13.00 Ft x 10.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Loft | 7.58 Ft x 11.92 Ft | |
| Primary Bedroom | 12.33 Ft x 13.17 Ft | |
| 5pc Bathroom | 15.42 Ft x 8.58 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
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Property taxes
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Insurance estimate
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Commute
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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
-1.01%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,632
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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 29, 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.
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