$439,900
82 Harvest Close
Penhold, Alberta
4bed3bath1,112sqft
Alberta
Penhold Real Estate
Browse homes for sale in Penhold • Median $475,000
$475,000Median Price
30Avg Days on Market
14Detached1Commercial
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About Penhold Real Estate
Penhold, a charming city located in central Alberta, has a rich history that dates back to its establishment in the early 1900s. Originally serving as a settlement for railway workers, the community has grown and evolved while maintaining its small-town charm. Nestled just a short drive from the bustling city of Red Deer, Penhold offers residents the unique blend of serene country living with convenient access to urban amenities. The city is characterized by its friendly atmosphere and strong sense of community, making it a welcoming place for newcomers and long-time residents alike.
What sets Penhold apart is its commitment to recreational activities and community involvement. The city boasts a variety of parks and green spaces, including the popular Penhold Athletic Park, which hosts local sports events and community gatherings. Additionally, the Penhold Multiplex is a key feature of the community, providing facilities for ice skating, hockey, and other events throughout the year. The vibrant community spirit is further enhanced by regular events such as the Penhold Family Day and the annual Penhold Winterfest, which attract residents and visitors to celebrate together.
With a median listing price of $449,900 and 13 active listings, Penhold appeals to a diverse range of buyers, from families looking for a tight-knit community to young professionals seeking affordability without sacrificing quality of life. The city's unique blend of rural charm and modern conveniences makes it an attractive option for those who appreciate a slower pace while still being close to urban amenities. As new developments continue to take shape, Penhold is well-positioned to offer potential homebuyers a promising future in a growing community.
13 active listings with a median price of $449,900.
Lifestyle & Community
Living in Penhold offers a relaxed lifestyle characterized by a strong sense of belonging and community involvement. Residents enjoy the benefits of small-town living, where neighbors know each other and local events foster connections. The city features a range of recreational opportunities, including walking trails, playgrounds, and sports facilities, promoting an active lifestyle for families and individuals alike. Community events, such as seasonal festivals and farmers' markets, provide a vibrant local culture that encourages participation and engagement among residents.
Local Amenities
- Penhold Multiplex for sports and events
- Penhold Athletic Park with sports fields
- Local grocery stores including Penhold IGA
- Schools such as Penhold Elementary School
- Community library for public access
- Parks and playgrounds throughout the city
- Local dining options like The Penhold Pub
- Health services including clinics and pharmacies
- Access to outdoor recreation areas
- Public transportation facilities
- Regular community events and workshops
Points of Interest
- Penhold Multiplex
- Penhold Athletic Park
- Penhold Community Library
- The Penhold Heritage Centre
- Red Deer River for outdoor activities
- Nearby Red Deer for shopping and entertainment
- Local farmers' markets during the summer
- Scenic walking and biking trails
- Seasonal festivals like Winterfest
- Community gardens and green spaces
Market Overview
The current real estate market in Penhold is characterized by a modest number of active listings, with 13 homes available, creating a competitive environment for potential buyers. The median listing price of $449,900 reflects the area's affordability compared to nearby urban centers. Buyers can expect a range of housing options, from single-family homes to townhouses, catering to various preferences and budgets. As the economy stabilizes and interest rates fluctuate, the demand for homes in Penhold is likely to remain steady, making it an attractive market for both homebuyers and investors.
Investment Outlook
Penhold presents a promising investment opportunity, with its growing population and proximity to Red Deer, making it an appealing choice for rental properties. The city's affordable median home prices attract first-time buyers and young families, while steady demand for rentals indicates potential for investors looking for long-term gains. With ongoing developments and community enhancements, investing in Penhold is likely to yield positive returns as the area continues to evolve and expand.
Ideal For
Penhold is ideal for first-time buyers, families seeking a supportive community, and retirees looking for a peaceful lifestyle. The affordable housing market makes it particularly attractive for young professionals and investors interested in rental properties. Its community-oriented vibe and local amenities also appeal to those wanting to enjoy a balanced life away from the hustle and bustle of larger cities.
Living in Penhold
Lifestyle
Living in Penhold offers a relaxed lifestyle characterized by a strong sense of belonging and community involvement. Residents enjoy the benefits of small-town living, where neighbors know each other and local events foster connections. The city features a range of recreational opportunities, including walking trails, playgrounds, and sports facilities, promoting an active lifestyle for families and individuals alike. Community events, such as seasonal festivals and farmers' markets, provide a vibrant local culture that encourages participation and engagement among residents.
Local Amenities
Penhold Multiplex for sports and eventsPenhold Athletic Park with sports fieldsLocal grocery stores including Penhold IGASchools such as Penhold Elementary SchoolCommunity library for public accessParks and playgrounds throughout the cityLocal dining options like The Penhold PubHealth services including clinics and pharmaciesAccess to outdoor recreation areasPublic transportation facilitiesRegular community events and workshops
Market Insights
The current real estate market in Penhold is characterized by a modest number of active listings, with 13 homes available, creating a competitive environment for potential buyers. The median listing price of $449,900 reflects the area's affordability compared to nearby urban centers. Buyers can expect a range of housing options, from single-family homes to townhouses, catering to various preferences and budgets. As the economy stabilizes and interest rates fluctuate, the demand for homes in Penhold is likely to remain steady, making it an attractive market for both homebuyers and investors.
Investment Potential
Penhold presents a promising investment opportunity, with its growing population and proximity to Red Deer, making it an appealing choice for rental properties. The city's affordable median home prices attract first-time buyers and young families, while steady demand for rentals indicates potential for investors looking for long-term gains. With ongoing developments and community enhancements, investing in Penhold is likely to yield positive returns as the area continues to evolve and expand.
Written with AI assistance using live MLS data, reviewed by our team.
Price Distribution
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$200K – $400K
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$400K – $600K
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$3.0M+
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Frequently Asked Questions About Penhold
There are currently 13 active residential listings in Penhold. This includes detached homes, condos, townhouses, and other property types. Listings are updated throughout the day from CREA's DDF®.