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27137 Highway 42
Beds
4
Baths
3
Sqft
1,649
Year
1992
Type
Single Family
On market
83d
Situated on 10 private acres approximately 10 minutes to Gasoline Alley and Red Deer. This peaceful country property offers space, privacy, and a well-maintained home with extensive updates and multiple outbuildings. Located directly off Highway 42, the property enjoys convenient access while still offering a quiet rural setting with no immediate neighbours on either side. School bus service is available with pickup conveniently located at the end of the driveway.The 1992-built home offers a functional layout of 1649.45 sq feet featuring 4 bedrooms and 3 bathrooms, including three bedrooms on the main level and an additional bedroom and bathroom in the basement. The main floor features a spacious kitchen, large living room with wood-burning fireplace, main floor laundry, and a comfortable primary suite complete with a 4-piece ensuite and double doors leading to the deck. The basement provides excellent additional living and recreation space, including a large entertainment area with a circular birch wet bar, a hot tub with ventilation, additional storage areas, cold storage, access to the garage, and a wood-burning fireplace. Over the past decade the home has seen numerous important upgrades, including triple-pane windows, doors, furnace, and hot water tank. The home also features central vacuum with attachments, and newer vinyl plank flooring, along with quality oak finishes throughout. Heating includes a high-efficiency natural gas furnace along with two WETT-certified Osburn wood stoves with approximately 85,000 BTU capacity, providing both comfort and backup heating options. A wood pellet stove is also installed in the garage. The property features an oversized attached double garage with drywall, blown-in insulation, built-in shelving, mezzanine storage, and double-pane windows. Outside, the acreage offers exceptional rural functionality with a large deck with seating, hot tub, and firepit area. The front yard offers a wonderful blend of mature landscapin g and productive garden space. Fruit trees include apple, crab apple and plum, saskatoon berries, chokecherries, high-bush cranberries, and rhubarb. There are several agricultural outbuildings throughout the property including a 1950s dairy barn, storage shed, pole-frame combine shelter, and multiple animal shelters. In 2024, a new organic septic treatment system with four tanks and fermentation process was installed, designed to significantly reduce maintenance with pumping typically required only every 5–8 years. The system includes alarms and backup float protection. The property includes a well with newer pump and pressure system.With its combination of privacy, functional outbuildings, updated mechanical systems, and easy access to Red Deer, this acreage offers a rare opportunity for those seeking space, rural living, and flexibility with the bonus agricultural zoning. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.75 Ft x 11.33 Ft | |
| Bedroom | 11.92 Ft x 15.17 Ft | |
| Recreational, Games room | 47.17 Ft x 15.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.25 Ft x 7.17 Ft | |
| 4pc Bathroom | 8.25 Ft x 5.00 Ft | |
| Bedroom | 11.08 Ft x 13.92 Ft | |
| Bedroom | 11.92 Ft x 13.83 Ft | |
| Dining room | 9.92 Ft x 16.67 Ft | |
| Kitchen | 13.17 Ft x 16.67 Ft | |
| Laundry room | 6.67 Ft x 9.00 Ft | |
| Living room | 19.75 Ft x 13.92 Ft | |
| Primary Bedroom | 11.92 Ft x 12.67 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
-0.84%
Cap rate
4.70%
GRM
13.9
Break-even rent
$5,840
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 7, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Red Deer County. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.