We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Swipe through similar matches — tap the heart to save, or open one for the full read.
41 Terra Close
Beds
3
Baths
3 full + 1 half
Sqft
1,217
Year
2026
Type
Single Family
On market
32d
Ready to downsize but not ready for a duplex or apartment living? Welcome to low maintenance living in The Timbers, where a small monthly fee handles yard maintenance and snow shovelling year round! This stunning community offers executive single-family homes that come fully fenced and landscaped, with no restrictions on age or pets, and all of your yard work, mowing, and shovelling in the winter are taken care of for you! Offering a bright and open floor plan with 9' ceilings, main floor laundry, quartz counter tops, and beautiful modern finishes throughout. The two tone kitchen features raised cabinetry, stainless steel appliances, quartz countertops, a large island with under mount granite sink and bar seating, and a spacious corner pantry. Sliding patio doors off the dining area lead out to a spacious deck overlooking the yard, and the adjacent living room is a great place to relax and unwind. The primary bedroom features a large walk in closet and a beautiful spa like ensuite with a freestanding soaker tub, walk in shower, and his and hers sinks. There is also a den/office space at the front of the home, and a convenient powder room down the hall. The fully finished basement offers a huge family and rec room area, two large bedrooms, a 4 pce bath, and has also been roughed-in for in-floor heat. The garage is fully drywalled, insulated, taped, and roughed in for a heater, and there's a convenient floor sump to help keep floors clean in the winter months. Out back, your fully fenced and landscaped yard enjoys a South facing composite deck for the ultimate in low maintenance enjoyment. Condo fees of $223.98 cover lawn mowing, snow shovelling, and maintenance of all common areas, trails, and green spaces. A poured concrete front driveway, front landscaping, fencing, and rear sod will all be completed in 2026 as weather permits. The builder can complete Central A/C, a garage heater, or provide allowances for a washer and dryer and window coverings throug h the builders suppliers at an additional 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 | 15.58 Ft x 29.83 Ft | |
| Bedroom | 10.33 Ft x 10.58 Ft | |
| 4pc Bathroom | 8.33 Ft x 8.00 Ft | |
| Bedroom | 12.25 Ft x 13.83 Ft | |
| Furnace | 19.42 Ft x 8.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 14.58 Ft x 22.00 Ft | |
| Living room | 13.42 Ft x 18.08 Ft | |
| 2pc Bathroom | 4.92 Ft x 5.00 Ft | |
| Primary Bedroom | 12.50 Ft x 13.00 Ft | |
| 5pc Bathroom | 10.42 Ft x 8.67 Ft | |
| Den | 9.08 Ft x 9.50 Ft | |
| Laundry room | 6.58 Ft x 9.50 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
-6.81%
Cap rate
3.50%
GRM
16.7
Break-even rent
$4,027
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
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 27, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.