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56 Heron Court
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Penhold · Single Family · under $400,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to 56 Heron Court — a beautifully cared-for half-duplex tucked onto a quiet court in Penhold's Hawkridge Estates, where pride of ownership shows the moment you step inside. Fully finished top to bottom and set on a standout pie-shaped lot, this is a home that's been loved and it shows.You're just a 1-minute walk from the IGA grocery store, and a quick 13-minute walk to the Penhold Regional Multiplex — home to an NHL-size arena, indoor fitness track, fitness centre, gymnasium, and the Penhold & District Library. Families are within easy reach of all three of Penhold's schools — Jessie Duncan, Penhold Elementary, and Penhold Crossing Secondary — and Red Deer's big-box stores, including Costco just a 12-minute drive away, are close at hand.Inside, the bright, open-concept main floor connects a warm living room, dining nook, and a functional kitchen finished with rich hickory cabinetry, generous counter space, a large centre island with sink, and a handy pantry — an easy flow for both everyday life and entertaining. Two comfortable bedrooms include a spacious primary with a walk-in closet and convenient access to the full 4-piece bath. Main-floor laundry seals the deal, complete with a brand-new Maytag washer and dryer (2026).Downstairs is where this home truly stands apart. The fully finished basement is built for gathering: a spacious rec room with in-floor heating, a theatre area already wired for your setup, plus a full wet bar/kitchenette with sink, fridge, and cabinetry — ideal for movie nights, guests, or game day. Two additional large bedrooms and a modern 3-piece bath round out the lower level.A few extras savvy buyers will appreciate: a wired-in generator transfer switch with an outside generator hookup for genuine peace of mind, and a hot water tank replaced in 2025.Out back, enjoy summer evenings on the covered deck overlooking a yard that's been lovingly landscaped with trees, shrubs, and garden beds — a settled, rooted feel you simply won't ge t from a new build. The generous pie lot backs onto a rear lane with a parking pad and garden shed already in place, and plenty of room to add a future garage.Move-in ready and rooted in a real sense of community — 56 Heron Court is a home that just feels good to come home to. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 8.00 Ft x 8.00 Ft | |
| Bedroom | 13.00 Ft x 10.00 Ft | |
| Bedroom | 9.00 Ft x 9.00 Ft | |
| Recreational, Games room | 19.00 Ft x 11.00 Ft | |
| Storage | 9.00 Ft x 14.00 Ft | |
| Media | 12.00 Ft x 13.00 Ft | |
| Furnace | 13.00 Ft x 6.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.00 Ft x 5.00 Ft | |
| Bedroom | 11.00 Ft x 9.00 Ft | |
| Dining room | 9.00 Ft x 11.08 Ft | |
| Foyer | 8.00 Ft x 6.00 Ft | |
| Kitchen | 13.00 Ft x 7.25 Ft | |
| Laundry room | 6.00 Ft x 6.00 Ft | |
| Living room | 11.00 Ft x 14.00 Ft | |
| Primary Bedroom | 12.00 Ft x 10.00 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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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
11.35%
Cap rate
7.13%
GRM
10.0
Break-even rent
$2,204
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.
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 9, 2026.
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