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207, 35 Bennett Street
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Red Deer · Single Family · under $175,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Ideal investment property for the long term or a great holding property for a short term before moving in. Beautifully cared for two bedroom condo with large balcony situated within walking distance to numerous amenities and public recreation. Located on the second floor this unit offers a spacious front sitting room with large sliding patio doors allowing in the natural light. A galley style kitchen boasts a pleasing amount of counter space for everyday meal prep as well as a number of cabinets for your storage needs. A nice size dining area just adjacent to the room offers enough space to expand the table to host a dinner party or an inviting evening for two. A spacious Primary room plus a second guest bedroom are all of a good size plus offer a nice amount of closet space as well. The four piece bath also includes a large vanity and full tub surround. A handy additional storage room as well ideal for swapping out seasonal items and decor. All of the doors and casings have been updated giving the unit a modern feel, as well as newer windows throughout for better efficiency. There is laundry located in the building on the lower level plus the unit comes with one assigned parking stall. The ideal location offers just about every amenity you need all within walking distance. Shopping, dining, medical are all right there. Plus direct access to the stunning trail system that you can enjoy all year round. This property is also within a close proximity to Red Deer Polytech school so would also make a perfect place to own while taking your degree as opposed to renting. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.25 Ft x 11.08 Ft | |
| Primary Bedroom | 11.25 Ft x 14.25 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Kitchen | 7.50 Ft x 7.83 Ft | |
| Dining room | 8.25 Ft x 7.50 Ft | |
| Living room | 16.00 Ft x 11.33 Ft | |
| Storage | 7.25 Ft x 4.75 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
30.16%
Cap rate
10.90%
GRM
7.0
Break-even rent
$1,054
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 24, 2026.
Location of this listing. Distances are straight-line.
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