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4, 5125 62 Street
Beds
3
Baths
3 full + 1 half
Sqft
1,110
Year
1994
Type
Single Family
On market
14d
Make your move to condo life without sacrificing space and comfort in this stunning walk-out bungalow, located in an exclusive adult-only condo development perched on top of the north hill. Offering the perfect blend of comfort and carefree living, this home offers beautifully manicured lawns and serene views of the surrounding woods, all without the hassle of yard maintenance. The gorgeous kitchen impresses with granite countertops, new vinyl tile flooring, upgraded cabinetry, and high-end appliances. It has been seamlessly opened up to the dining area and living room, a versatile living space that showcases beautiful hardwood floors and a cozy gas fireplace. Patio doors lead out to the upper deck, enhancing the home's natural light and flow. There are two inviting bedrooms on the main floor, including a primary suite with a walk-in closet and a lovely ensuite. A full shared bathroom and convenient main floor laundry add to the home's functionality. The spacious lower level offers a bright, open area perfect for entertaining guests or for a relaxing evening at home - complete with a wet bar, a spacious third bedroom, a three-piece bath, and a large storage room. Outside, bask in the sunshine on the south-facing upper deck, or relax on the lower patio and spend a little time in your own little garden spot. You are surrounded by nothing but grass and trees, providing tranquility and privacy. Additional features include a front driveway, a single attached garage, and central air conditioning for year-round comfort. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 36.58 Ft x 18.25 Ft | |
| Bedroom | 9.00 Ft x 11.33 Ft | |
| 3pc Bathroom | 11.17 Ft x 5.58 Ft | |
| Storage | 11.58 Ft x 11.50 Ft | |
| Furnace | 5.42 Ft x 7.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 9.92 Ft x 12.58 Ft | |
| Dining room | 11.50 Ft x 15.67 Ft | |
| Living room | 12.25 Ft x 11.92 Ft | |
| Primary Bedroom | 14.25 Ft x 12.83 Ft | |
| 4pc Bathroom | 8.92 Ft x 5.08 Ft | |
| 2pc Bathroom | 4.92 Ft x 5.00 Ft | |
| Bedroom | 12.83 Ft x 12.58 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
1.20%
Cap rate
5.10%
GRM
12.8
Break-even rent
$2,322
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 Jun 7, 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.