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475 Townsend Street
Beds
4
Baths
5 full + 1 half
Sqft
2,133
Year
2015
Type
Single Family
On market
27d
A rare opportunity offering exceptional flexibility, modern design living in the sought-after community of Timberlands. Whether you’re accommodating aging parents, adult children, a nanny, snowbirds, or exploring home-based business possibilities, this unique property delivers with a stunning executive-style home, legal suite, and three garage spaces.The modern 2-storey main home features 3 bedrooms plus a main floor office, 4 bathrooms, and a bright open-concept layout designed for both everyday living and entertaining. Beautiful tile flooring flows throughout the main living areas, while the contemporary kitchen showcases granite countertops, stainless steel appliances, and a large peninsula with plenty of seating space. The sun-filled living room features a cozy fireplace and garden door access to the private, low-maintenance south-facing yard.The main level also offers a dedicated office/den and convenient 2-piece powder room. Upstairs, the spacious primary retreat includes a sunroom, walk-in closet, and luxurious 5-piece ensuite complete with dual sinks, tiled shower, and relaxing soaker tub. Two additional bedrooms, a full 4-piece bathroom, and upstairs laundry complete the upper level.The fully finished basement expands the living space with a large family/games room, wet bar, and additional 3-piece bathroom — perfect for entertaining or relaxing.Adding tremendous value is the detached carriage house featuring a heated 25’ x 25’ garage with a beautifully finished 700 sq. ft. legal 1-bedroom suite above. Complete with rear lane access and garage parking as designated by the owner, this versatile space is ideal for extended family or guests.Located just steps from shopping, restaurants, schools, parks, and Red Deer’s extensive trail system, this one-of-a-kind Timberlands property combines luxury, function, and incredible versatility in an unbeatable location. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 16.08 Ft x 27.83 Ft | |
| Other | 8.25 Ft x 8.50 Ft | |
| Furnace | 10.92 Ft x 14.25 Ft | |
| Storage | 4.42 Ft x 4.00 Ft | |
| 3pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 16.75 Ft x 20.08 Ft | |
| Kitchen | 12.67 Ft x 11.08 Ft | |
| Dining room | 7.83 Ft x 12.83 Ft | |
| Office | 9.33 Ft x 9.92 Ft | |
| Foyer | 8.67 Ft x 10.08 Ft | |
| 2pc Bathroom | — |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 14.75 Ft x 13.42 Ft | |
| Bedroom | 12.17 Ft x 13.08 Ft | |
| Bedroom | 12.83 Ft x 9.92 Ft | |
| 4pc Bathroom | — | |
| Laundry room | 5.50 Ft x 8.25 Ft | |
| 5pc Bathroom | — | |
| Sunroom | 1.33 Ft x 13.00 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Living room | 15.50 Ft x 15.67 Ft | |
| Kitchen | 10.50 Ft x 9.33 Ft | |
| Bedroom | 9.17 Ft x 12.58 Ft | |
| 4pc Bathroom | — | |
| Laundry room | 4.50 Ft x 8.33 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).
Cash on cash
-1.00%
Cap rate
4.66%
GRM
13.9
Break-even rent
$5,173
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.
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 19, 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.