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56 Elder Street
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Red Deer · Single Family · under $425,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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FULLY DEVELOPED BUNGALOW ~ 4 BEDROOMS, 2 BATHROOMS ~ DOUBLE DETACHED GARAGE ~ Mature landscaping and a stucco exterior offer eye catching curb appeal ~ Covered entry leads to a foyer with tile flooring ~ The living room features a large south facing window that overlooks the front yard and features a cozy wood burning fireplace with stacked stone and a raised hearth ~ The eat-in kitchen offers plenty of oak cabinets, ample counter space, window above the sink, full tile backsplash, large wall pantry and plenty of space for a dining table and chairs ~ Rear entry just off the kitchen/basement stairs has easy access to the rear patio and garage ~ The primary bedroom can easily accommodate a king size bed and has dual closets with mirrored doors ~ 2 additional bedrooms are located next to the 4 piece main bathroom ~ The fully finished basement offers a huge family room, a large 4th bedroom, laundry, 4 piece bathroom and space for storage ~ The backyard is landscaped, has a storage shed, and is fully fenced with back alley access ~ 24.5' L x 22' W detached garage is insulated, finished with painted drywall, has built in shelving and a workbench ~ No carpet in the home, newer basement flooring ~ Located close to multiple schools, parks, rec centres and walking trails with easy access to all other amenities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 13.00 Ft x 18.00 Ft | |
| Recreational, Games room | 9.33 Ft x 19.00 Ft | |
| Bedroom | 12.25 Ft x 12.50 Ft | |
| 4pc Bathroom | 5.17 Ft x 6.00 Ft | |
| Laundry room | 6.25 Ft x 10.42 Ft | |
| Furnace | 5.25 Ft x 8.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 4.25 Ft x 9.33 Ft | |
| Living room | 10.42 Ft x 16.08 Ft | |
| Dining room | 8.75 Ft x 11.42 Ft | |
| Kitchen | 8.00 Ft x 9.50 Ft | |
| Primary Bedroom | 12.00 Ft x 13.00 Ft | |
| Bedroom | 8.33 Ft x 12.17 Ft | |
| Bedroom | 7.75 Ft x 9.83 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.67 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
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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).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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.
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 12, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.