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344 Timothy Drive
Beds
4
Baths
3
Sqft
1,212
Year
2011
Type
Single Family
On market
61d
This well-kept bi-level in Timberlands checks a lot of boxes for first-time buyers and young families. Built in 2011 and sitting at 1,212 sq ft above grade, it's the kind of home that feels solid without trying too hard — a functional layout, and a location that genuinely delivers on the neighbourhood front. You're walking distance to an elementary school, the public library, parks and playgrounds, and everyday shopping including grocery and restaurants.The main floor opens with a spacious tiled entryway before stepping up into a bright living room with hardwood floors and a large window that pulls in plenty of natural light. The kitchen has dark maple cabinetry, a island, and counters with a stylish epoxy finish that gives it a bit of a custom feel. The dining area is a good size with a view to the backyard. The primary bedroom has hardwood floors, a larger closet, and connects directly to a 3-piece ensuite with a stand-up shower. The second bedroom is carpeted, while the third features hardwood and a built-in cabinet with a murphy bed — a setup that works equally well as a guest room or a dedicated home office.Downstairs is where things get interesting. The basement is finished to a high standard with hardwood throughout, tall ceilings, and pot lights. The living area is set up as a media room, complete with a projector setup. The bedroom is oversized with a very generous walk-in closet and its own 3-piece bathroom featuring a deep soaker tub — a setup that functions almost like a second primary suite. The laundry room is a good size with cabinets and counter space.Outside, the stamped concrete walkways wrap around both sides of the home leading to a wood deck and patio in the backyard, all enclosed with a wood fence. There's a large gravel parking pad in the back. The high-efficiency furnace and hot water tank were both replaced in 2021, so the mechanical side of things is in great shape. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 11.33 Ft x 7.92 Ft | |
| Bedroom | 14.67 Ft x 15.67 Ft | |
| Laundry room | 15.50 Ft x 7.92 Ft | |
| Recreational, Games room | 12.75 Ft x 19.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.08 Ft x 9.92 Ft | |
| 4pc Bathroom | 7.33 Ft x 4.92 Ft | |
| Bedroom | 9.50 Ft x 10.00 Ft | |
| Primary Bedroom | 14.08 Ft x 10.58 Ft | |
| Bedroom | 9.50 Ft x 9.92 Ft | |
| Living room | 15.75 Ft x 14.83 Ft | |
| Kitchen | 19.25 Ft x 11.00 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
3.19%
Cap rate
5.50%
GRM
12.2
Break-even rent
$2,662
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 May 31, 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 Red Deer. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.