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40 Talisman Close
Executive bungalow in Timberstone, Red Deer. 4 bedrooms, 3 bathrooms, 1,672 square feet above grade with a fully developed basement, triple heated attached garage, and a 9,090 square foot lot. Nearly a quarter acre in one of Red Deer's most coveted bare land condo communities, with a private backyard built for entertaining and maintenance-free living year-round. The main floor delivers: an open-concept kitchen with two-tone cabinetry, granite countertops, granite sink, gas stove, double oven, full tile backsplash, and a butler's pantry with secondary refrigerator and laundry access. The living room centres on a gas fireplace with floor-to-ceiling tile surround under a tray ceiling. The primary suite is a proper retreat with king-sized layout, in-floor heat, air tub, tiled walk-in shower, large vanity, and an oversized walk-in closet. A 2-piece bath and mudroom complete the main floor. The triple attached garage is built out right: dedicated furnace, mezzanine storage, epoxy-ready floor, and built-in cabinetry. The fully developed basement offers a large family room with in-floor heat, wet bar, three additional bedrooms with generous closet systems, and a 4-piece bathroom. Outside, composite decking, a built-in BBQ with granite countertop, privacy glass, custom stonework, mature privacy trees, and a Green Drop lawn. Apple tree out back, pear tree out front, professional landscaping throughout. The bare land condo fee of $369.24 per month covers lawn care and snow removal year-round. Minutes to Timberlands, Clearview Market, schools, and the Red Deer trail system. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 5pc Bathroom | 11.83 Ft x 10.50 Ft | |
| Other | 10.50 Ft x 3.67 Ft | |
| Bedroom | 15.17 Ft x 17.92 Ft | |
| Bedroom | 13.00 Ft x 12.17 Ft | |
| Bedroom | 11.75 Ft x 17.58 Ft | |
| Recreational, Games room | 16.33 Ft x 32.83 Ft | |
| Furnace | 6.92 Ft x 8.50 Ft | |
| Other | 6.42 Ft x 8.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.25 Ft x 5.75 Ft | |
| 4pc Bathroom | 13.83 Ft x 9.08 Ft | |
| Dining room | 12.50 Ft x 15.75 Ft | |
| Kitchen | 15.58 Ft x 21.75 Ft | |
| Living room | 15.00 Ft x 18.25 Ft | |
| Other | 7.00 Ft x 11.50 Ft | |
| Primary Bedroom | 13.58 Ft x 16.83 Ft | |
| Pantry | 6.58 Ft x 9.92 Ft | |
| Storage | 9.00 Ft x 12.67 Ft | |
| Other | 13.83 Ft x 7.17 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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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
-0.89%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,694
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.
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 12, 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.