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Reduced $25,400 (6%) from $419,900
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62 Nance Avenue
Beds
6
Baths
3 full + 1 half
Sqft
1,174
Year
1978
Type
Single Family
On market
27d
Inviting home located in a mature area, surrounded by established trees, quiet streets and a welcoming atmosphere. This property offers a warm setting for families alike to enjoy and get acquainted with the community. A bright L-shaped living and dining area seamlessly offers an open design perfect for enjoying uninterrupted entertainment and guests. With a low maintenance laminate flooring throughout the main not only makes for simple cleaning but also hypoallergenic living. The functional kitchen design has been updated with refinished cabinets, Reverse Osmosis System added, plus an updated stove. Ideal for the growing families you will find three excellent size bedrooms on the main level keeping everyone close by plus the Primary bedroom even offers its own two piece en suite and generous size closet space. Head down to the fully developed basement and be pleasantly surprised with the exceptional flow of the overall design. A spacious media area perfect for streaming for your favorite series or gaming system. Enhanced features include cozy carpet flooring for extra warmth, pot lights added, drop ceiling plus even a wet bar with sink and extra storage cupboards to grab a drink and snack without having to go upstairs. Three additional bedrooms for all your family or guests needs to enjoy. A fully updated three piece bath which includes new flooring, back splash plus a full tile surround walk in shower. There is even a flex area which could easily be used for a small studio, office or hobby type room. Noteworthy improvements to home include all newer windows which add to the efficiency of home, newer furnace & hot water tank, shingles have been replaced plus the electrical panel has been upgraded as well. A well manicured and private backyard offers its own enjoyment for the summer. Large deck ideal for the bbq and patio furniture perfect for a relaxing afternoon or evening. Small fire pit area great for the late night marshmallow roasts. Large double detached garag e is excellent for added vehicle storage and security with room for work area as well plus there is plenty of yard space leftover for the family to appreciate. Home is conveniently located close to family parks and community schools in the area plus within walking distance to small shopping plaza. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 19.08 Ft x 15.92 Ft | |
| Bedroom | 10.58 Ft x 8.50 Ft | |
| Furnace | 9.92 Ft x 12.58 Ft | |
| Bedroom | 9.58 Ft x 9.00 Ft | |
| Other | 7.33 Ft x 12.17 Ft | |
| Bedroom | 11.17 Ft x 12.42 Ft | |
| 3pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 17.00 Ft x 13.50 Ft | |
| Dining room | 8.67 Ft x 13.50 Ft | |
| Kitchen | 9.00 Ft x 13.17 Ft | |
| Primary Bedroom | 10.75 Ft x 13.17 Ft | |
| Bedroom | 8.00 Ft x 10.08 Ft | |
| Bedroom | 9.25 Ft x 10.08 Ft | |
| 4pc Bathroom | — | |
| 2pc 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
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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
11.89%
Cap rate
7.24%
GRM
10.0
Break-even rent
$2,477
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 9, 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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.