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Investment signal

$155,000

107, 35 Bennett Street

Save this home

Beds

2

Baths

1

Sqft

Year

1981

Type

Single Family

Suite

Investment signal

Location nearby

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.

About this home

Beautiful lower lever condo with patio directly across from Bower Mall. Located in the South of Red Deer this condo is perfect for anyone looking to be close to shopping, work, stores, playgrounds and community centers. Great investment opportunity with 2 bedrooms, 1 bath and a good size storage room. Laundry is inside the building, and comes with 1 assigned parking stall. The primary is a large spaced room with good closet space, galley kitchen with dishwasher leads into an open dining room. Lower level patio brings the outdoors in with being able to sit outside enjoy the sun or a bbq. (id:65958)

Subtype
Single Family
Structure
Apartment
Community
Bower
Common interest
Condo/Strata
Living area
860 square feet
Lot size
859 square feet
Lot dimensions
859.00
Bedrooms
2 above grade, 0 below grade
Parking
1 total
Condo/HOA fee
$396.81 monthly
Stories
3
On market
Jan 26, 2026
Status changed
Apr 28, 2026
Annual tax
$1,211 (2025)
Zoning
R-H
Photos
14
MLS#
A2279301
Area
RED_DEER

Features and systems

Appliances

RefrigeratorDishwasherStoveHood Fan

Heating

Baseboard heaters

Cooling

None

Exterior

BrickStucco

Construction

Wood frame

Flooring

TileLaminateCarpeted

Lot

No Animal HomeNo Smoking Home

Community

Pets Allowed With Restrictions

Fee includes

Common Area MaintenanceProperty ManagementWaste RemovalGround MaintenanceHeatWaterInsuranceReserve Fund ContributionsSewer
Positive cash flow ~$832/mo at these assumptions

Cash on cash

32.20%

Cap rate

11.30%

GRM

6.8

Break-even rent

$1,024

Financing

Down payment$31,000
Loan amount$124,000
Mortgage$628/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$71
Insurance$80
Maintenance$129
CapEx reserve$65
Vacancy loss$95

Estimates 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.

Location nearby

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.

Mortgage estimate

Estimated $628/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.

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