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40 Oakwood Close
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Beds
4
Baths
3
Sqft
1,793
Year
2007
Type
Single Family
On market
29d
Custom quality, built by Ted Olson.Welcome to a truly exceptional family residence in one of Red Deer’s most exclusive neighborhoods. This luxurious, custom built walk out bungalow offers generous living space, blending style and comfort to the discerning buyer. Step inside and discover quality craftsmanship at every turn, from triple glazed windows and hand stamped ceilings to beautiful crown moldings, hardwood flooring throughout main level and tray ceilings. Enjoy impressive 10 foot ceilings on main level, a grand living room with fireplace and a gourmet kitchen with granite work tops. The master bedroom is a sanctuary with its own fireplace, walk in closet, and a lavish five piece ensuite featuring an air tub, heated tiles, dual sinks and separate shower. Main floor conveniences include laundry, a second bedroom and a large office. Access to the massive upper floor deck partially covered with a sunshade. Downstairs boasts a theatre room, wet bar, 2 further bedrooms, and a weatherproof walk out 3 season room with outdoor flooring and electric blinds. This property backs onto scenic river walking paths, with a south facing backyard and a heated double garage. This house defines family living. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Sunroom | 11.33 Ft x 26.67 Ft |
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.00 Ft x 9.67 Ft | |
| Bedroom | 17.75 Ft x 11.75 Ft | |
| Bedroom | 17.17 Ft x 12.58 Ft | |
| Family room | 24.08 Ft x 13.33 Ft | |
| Recreational, Games room | 21.08 Ft x 27.58 Ft | |
| Storage | 8.08 Ft x 13.33 Ft | |
| Furnace | 7.00 Ft x 7.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 7.42 Ft | |
| 5pc Bathroom | 12.17 Ft x 10.33 Ft | |
| Bedroom | 10.75 Ft x 12.58 Ft | |
| Other | 8.67 Ft x 14.75 Ft | |
| Kitchen | 17.17 Ft x 13.00 Ft | |
| Laundry room | 7.17 Ft x 10.33 Ft | |
| Living room | 13.58 Ft x 23.25 Ft | |
| Office | 11.33 Ft x 11.83 Ft | |
| Primary Bedroom | 13.92 Ft x 19.75 Ft | |
| Other | 5.92 Ft x 10.33 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).
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 29, 2026.
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.