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227 Piper Drive
Beds
7
Baths
4 full + 1 half
Sqft
3,297
Year
1978
Type
Single Family
On market
0d
Backing onto a beautiful treed reserve and situated on an incredible 10,000 + sq. ft. lot, this one-of-a-kind property offers a spectacular park-like setting with mature trees, exceptional landscaping, and outstanding privacy. Boasting over 3,200 sq. ft. above grade, 7 bedrooms, 3.5 bathrooms, and a layout designed for both family living and entertaining, this is a home unlike anything else on the market. The stunning living room is the heart of the home, featuring soaring vaulted cedar ceilings, exposed beams, and a floor-to-ceiling stone-faced wood-burning fireplace that creates a warm and inviting atmosphere. The spacious kitchen offers plenty of workspace and storage, while the dining area overlooks the backyard and provides direct access to the deck. A main floor office offers the perfect work-from-home setup, and the integrated surround sound system services the living room, dining area, outdoor entertaining spaces, and basement media room. The oversized attached garage is a standout feature, complete with rear overhead door access to the backyard. The primary suite is a true retreat, offering a generous bedroom with room for a sitting area, large closet space, and an oversized 5-piece ensuite featuring a custom tile shower and separate soaker tub. Patio doors lead directly to the expansive upper balcony overlooking the beautifully landscaped yard and reserve. Four additional bedrooms complete the upper level (1 more up & 3 on the main) providing exceptional space for large or growing families. Recent upgrades include all bathrooms renovated in 2025 with new cabinetry, granite countertops, and travertine flooring and tile work, along with electric heated flooring in the main floor bathroom. The home is primarily plumbed with copper, with the remaining Poly-B replaced in 2025. Additional improvements include a cedar shake roof (2015), majority of triple pane windows relaced in 2008, new fence (2020), fence refinishing (2026), and a 7-zone heating system providi ng customized comfort throughout the home. The lower level is built for entertaining, featuring a wet bar with seating area, a sunken theatre/media room accompanied by another wood burning fireplace, two additional bedrooms, abundant storage space, and a separate exterior entrance to the backyard. Outside, the meticulously maintained grounds are truly the showpiece of the property. Beautiful landscaping, mature trees, and a flower misting system create an incredible outdoor environment, while the treed reserve behind the property provides year-round privacy and a stunning natural backdrop. Whether enjoying the deck, relaxing on the upper balcony, or simply taking in the view, this backyard offers a setting that is rarely found. Properties offering this combination of size, character, updates, and location rarely come available. This is a home that must be experienced in person to be fully appreciated. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.58 Ft x 7.83 Ft | |
| Recreational, Games room | 12.67 Ft x 12.08 Ft | |
| Bedroom | 12.67 Ft x 11.00 Ft | |
| Bedroom | 12.83 Ft x 9.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.67 Ft x 4.83 Ft | |
| 5pc Bathroom | 9.33 Ft x 11.67 Ft | |
| Bedroom | 13.92 Ft x 10.92 Ft | |
| Bedroom | 10.75 Ft x 13.83 Ft | |
| Breakfast | 12.33 Ft x 14.83 Ft | |
| Dining room | 14.67 Ft x 24.08 Ft | |
| Foyer | 7.50 Ft x 10.83 Ft | |
| Kitchen | 12.25 Ft x 13.83 Ft | |
| Laundry room | 5.67 Ft x 6.58 Ft | |
| Living room | 19.67 Ft x 16.83 Ft | |
| Office | 8.83 Ft x 10.58 Ft | |
| Bedroom | 14.08 Ft x 10.50 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 5pc Bathroom | 13.17 Ft x 10.83 Ft | |
| Bedroom | 19.25 Ft x 14.50 Ft | |
| Family room | 13.00 Ft x 28.08 Ft | |
| Primary Bedroom | 11.75 Ft x 25.33 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
-0.92%
Cap rate
4.68%
GRM
13.9
Break-even rent
$6,058
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 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Exact location of this listing.
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.