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Investment signal

$255,000

65 Northey Avenue

Save this home

Beds

6

Baths

2

Sqft

Year

1977

Type

Single Family

Suite

Investment signal

Location nearby

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.

About this home

Welcome to this fantastic opportunity at 65 Northey Ave, Red Deer, Alberta! This bungalow half duplex is the perfect starter home for a growing family or a smart investment property.6 Bedrooms, 2 Bathrooms, 1006 sq.ft. above grade. Functional bungalow layout, Ideally located just across from a playground—perfect for kids and family time—and close to schools, making everyday living convenient and family-friendly.Whether you’re looking to get into the market or expand your portfolio, this home offers incredible value and unbeatable price . (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
Duplex
Community
Normandeau
Common interest
Freehold
Living area
1,007 square feet
Lot size
3,924 square feet
Lot dimensions
3924.00
Bedrooms
3 above grade, 3 below grade
Parking
2 total
Stories
1
On market
Mar 26, 2026
Status changed
Apr 20, 2026
Annual tax
$1,988 (2025)
Zoning
R-D
Photos
29
MLS#
A2296240
Area
RED_DEER

Features and systems

Parking

Parking PadOther

Basement

FinishedFull

Appliances

WasherRefrigeratorStoveDryerMicrowaveWindow Coverings

Heating

Forced air

Cooling

None

Exterior

Wood siding

Construction

Wood frame

Flooring

LaminateLinoleum

Foundation

Poured Concrete

Lot

See remarksOtherNo Animal Home
Positive cash flow ~$1,586/mo at these assumptions

Cash on cash

37.31%

Cap rate

12.33%

GRM

6.4

Break-even rent

$1,631

Financing

Down payment$51,000
Loan amount$204,000
Mortgage$1,034/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$117
Insurance$80
Maintenance$213
CapEx reserve$106
Vacancy loss$165

Estimates 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.

Mortgage estimate

Estimated $1,034/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.

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