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38, 45 Ironstone Drive
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Beds
5
Baths
3 full + 1 half
Sqft
1,455
Year
2007
Type
Single Family
On market
25d
Click brochure link for more details. Situated in a very quiet neighborhood in South Red Deer, this home is perfectly positioned for outdoor enthusiasts and families. It is located directly next to two parks and is within easy walking distance of local amenities and green spaces. Property Overview This unique condo townhouse features a fully finished layout that has been expanded to 5 bedrooms and 2.5 bathrooms. Combining practical upgrades with a spacious floor plan, it offers efficient and clean living in a well-managed complex. Key Upgrades & Interior Features - New Flooring: New waterproof vinyl flooring has been installed throughout the main level and the basement. Reconfigured Basement: The basement has been upgraded from a 1-bedroom carpeted area to a 2-bedroom, 1-bathroom space with vinyl flooring. Main Floor: Features an open-concept living area with a gas fireplace facing the front common area. The kitchen offers ample cabinet space and includes a convenient main-floor laundry room. Upper Level: The oversized primary bedroom includes a massive walk-in closet and a "cheater door" to the full bathroom. Two additional bedrooms are located on this level. Garage & Exterior - Parking: Attached oversized single garage. New Update: Recently installed new garage door. Tenancy & Investment - Current Revenue: Currently rented for $3,300 per month. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.08 Ft x 11.17 Ft | |
| Bedroom | 11.00 Ft x 11.17 Ft | |
| Recreational, Games room | 11.50 Ft x 11.08 Ft | |
| Other | 9.50 Ft x 6.08 Ft | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.83 Ft x 8.92 Ft | |
| Dining room | 8.25 Ft x 9.08 Ft | |
| Living room | 15.33 Ft x 9.08 Ft | |
| Laundry room | 6.33 Ft x 6.08 Ft | |
| 2pc Bathroom | — |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.67 Ft x 8.83 Ft | |
| Bedroom | 9.92 Ft x 7.75 Ft | |
| Primary Bedroom | 15.25 Ft x 10.08 Ft | |
| 4pc Bathroom | — |
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 Jun 8, 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.