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Rural Red Deer County · Single Family · under $500,000 · 4+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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660 Red Oak Close
Ideal property that offers some great diversity. Perfect for a buyer who desires home ownership with the ability to offset some costs or excellent for a seasoned investor looking to maximize on their investment. Detached home which offers a legal suite professionally built for this particular design and proper zoning. Both units have separate entrances, laundry, heating and power so nothing is shared between the two. Upper level offers a spacious living room area, generous kitchen space with plenty of oak cabinets, corner pantry, some updated appliances plus good size dining area. Three bedrooms makes for a good family set up plus the Primary bedroom has a deep walk in closet and a private 4 piece en suite. Laundry area plus room for some storage under the stairs. Garden door off the back to your own exclusive use deck. Lower level unit offers a great room design which is all open space between the living room, kitchen and dining space. There is a large center island, plenty of cupboard and counter space plus all appliances included. Two large bedrooms plus a full 4 piece bath. Laundry area plus mechanical space as well. Main floor is heated by forced air, lower level has in floor heat. New flooring in lower unit kitchen just installed in June of 2025. Brand new 40 year shingles on home just installed in 2025 as well. Plenty of parking out back plus room for additional on street. Springbrook is a quiet enjoyable community within close proximity to Penhold and Red Deer for all your needed amenities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 12.33 Ft x 13.75 Ft | |
| Living room | 17.58 Ft x 12.50 Ft | |
| Other | 5.25 Ft x 9.33 Ft | |
| Bedroom | 9.42 Ft x 14.83 Ft | |
| Bedroom | 8.92 Ft x 11.42 Ft | |
| 4pc Bathroom | — | |
| Laundry room | 5.92 Ft x 7.17 Ft | |
| Furnace | 6.67 Ft x 6.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.75 Ft x 14.75 Ft | |
| Kitchen | 9.75 Ft x 11.75 Ft | |
| Dining room | 9.92 Ft x 12.17 Ft | |
| Primary Bedroom | 10.92 Ft x 12.00 Ft | |
| Bedroom | 9.50 Ft x 13.75 Ft | |
| Bedroom | 9.67 Ft x 11.50 Ft | |
| 4pc Bathroom | — | |
| 4pc 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
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
7.10%
Cap rate
6.28%
GRM
11.1
Break-even rent
$2,752
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.
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 Jul 2, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
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