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Red Deer · Single Family · under $525,000 · 3+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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318 Teasdale Drive
Rarely does a home come to market with this combination — original owner, meticulously maintained, freshly painted, and positioned directly across from a park in development in the heart of Timber Ridge. Walking trails and community pathways are already in place, schools and amenities are minutes away, and this address will only grow in desirability as the neighbourhood continues to mature.318 Teasdale Drive offers 1,641 sq ft above grade plus a fully finished basement — 4 bedrooms, 3.5 bathrooms, and approximately 2,300 sq ft of thoughtfully developed living space across three levels.The main floor impresses immediately — arched doorways, a striking accent feature wall, and a kitchen built for real family life. White cabinetry, stainless steel appliances, centre island with breakfast bar, pantry, and tile backsplash flowing into a generous dining area. Main floor powder room and rear mudroom complete the level.Upstairs — primary suite with walk-in closet and private 4-piece ensuite, two additional bedrooms, a second full bath, and upper floor laundry.The basement is the standout — large rec room, fourth bedroom, 3-piece bath with glass shower, and a fully equipped wet bar with white cabinetry, tile backsplash, and stainless appliances. Perfect for extended family or guests.Outside — rear deck, fully fenced yard, storage shed, and park views right from your front window.Triple pane windows. Water softener. Central vacuum. HRV system. Refrigerator and hot water tank replaced in 2025. Stove replaced in 2024. Nothing to do but move in. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.00 Ft x 9.08 Ft | |
| Bedroom | 11.08 Ft x 13.25 Ft | |
| Recreational, Games room | 17.17 Ft x 15.33 Ft | |
| Furnace | 10.83 Ft x 7.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.92 Ft x 5.75 Ft | |
| Dining room | 14.92 Ft x 18.92 Ft | |
| Kitchen | 11.33 Ft x 16.50 Ft | |
| Living room | 13.83 Ft x 14.83 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.92 Ft x 17.33 Ft | |
| 4pc Bathroom | 4.83 Ft x 8.67 Ft | |
| Bedroom | 10.25 Ft x 10.17 Ft | |
| Bedroom | 11.75 Ft x 12.33 Ft | |
| 4pc Bathroom | 4.83 Ft x 8.67 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
-1.13%
Cap rate
4.64%
GRM
13.8
Break-even rent
$2,995
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 15, 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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