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37 Terra Close
Executive living in one of Red Deer's best communities! The Timbers is an executive community of beautiful detached homes with fully fenced, private yards where your lawn maintenance and snow removal is all looked after for you, and there’s no restrictions on age or pets! This beautiful, brand new, fully finished bungalow offers a wide open plan with 9' ceilings and large windows that fill the space with natural light. The kitchen features raised two tone cabinetry, quartz counter tops, upgraded stainless steel appliances including an induction range, and a convenient corner pantry. The dining room provides access to the yard and composite deck through sliding patio doors, and you'll love relaxing in the large living room space. The primary bedroom enjoys a spa like ensuite with a freestanding tub, oversized shower, dual sinks, private water closet, and dual walk in closets. The main floor office provides a place to work or read, and main floor laundry just off the primary bedroom is an added convenience. The basement is fully finished with a massive family room and rec room area with plenty of space for a pool table and home theatre. Two bedrooms share a 4 pce bath and in-floor heat is roughed in for future use. The garage is insulated, drywalled, taped, and roughed in for a heater, and there’s a floor sump to help keep things clean in the winter months. Condo fees of $192.81/mo cover mowing and landscape maintenance, snow shovelling and street clearing in winter, and maintenance of common property including green spaces and walking trails. The builder can provide and install Central A/C and a garage heater if desired, and allowances for a washer and dryer or blinds through the builders suppliers at an added cost. GST is already included in the purchase price, and 1 year builder warranty and balance of 10 year Alberta New Home Warranty are included. Taxes have yet to be assessed. Immediate possession is available! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 23.42 Ft x 29.83 Ft | |
| Bedroom | 13.25 Ft x 11.25 Ft | |
| 4pc Bathroom | 8.67 Ft x 6.92 Ft | |
| Bedroom | 12.67 Ft x 11.00 Ft | |
| Furnace | 8.17 Ft x 7.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11.83 Ft x 14.75 Ft | |
| Dining room | 14.00 Ft x 7.75 Ft | |
| Living room | 14.00 Ft x 13.25 Ft | |
| 2pc Bathroom | 5.00 Ft x 5.83 Ft | |
| Primary Bedroom | 14.50 Ft x 11.92 Ft | |
| 5pc Bathroom | 18.00 Ft x 9.58 Ft | |
| Den | 9.50 Ft x 8.42 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).
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 18, 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.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.