$539,900
50 Donald Close
Red Deer, Alberta
3bed3bath1,170sqft
Alberta
Red Deer Real Estate
Browse homes for sale in Red Deer • Median $389,900
$389,900Median Price
30Avg Days on Market
215Detached63Condo50Commercial18Other12House1Multi- Unit
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About Red Deer Real Estate
Red Deer, located in central Alberta, is a vibrant city known for its rich history and welcoming community. Established in the late 1800s, Red Deer has evolved from a trading post to a bustling urban center. The city is surrounded by beautiful natural landscapes, including the picturesque Red Deer River, which is central to outdoor recreational activities such as hiking, cycling, and fishing. The blend of urban amenities and natural beauty gives Red Deer a unique character that sets it apart from larger metropolitan areas.
The downtown area features a variety of local shops, restaurants, and cultural venues, creating a lively atmosphere for residents and visitors alike. The city hosts numerous annual events, such as the Red Deer Rotary Arts Festival and the Red Deer Aboriginal Festival, reflecting its diverse community and commitment to arts and culture. The historical significance of the city is highlighted by landmarks such as the Red Deer Museum + Art Gallery, which showcases the region's history and artistic talent.
Red Deer appeals to a wide range of buyers, from young professionals drawn to job opportunities in the growing local economy to families seeking a safe and nurturing environment for their children. The city boasts excellent educational institutions, including Red Deer College, making it an attractive option for those pursuing higher education. With a strong community feel and a focus on quality of life, Red Deer is a place where residents can truly thrive.
383 active listings with a median price of $409,999.
Lifestyle & Community
Living in Red Deer offers a balanced lifestyle with a strong sense of community. Residents enjoy a mix of urban conveniences and outdoor activities, thanks to the city's parks and easy access to nature. The vibe is friendly and welcoming, with community events such as farmers' markets and seasonal festivals fostering connections among neighbors. Local culture flourishes through art galleries, theaters, and music events, making Red Deer a culturally rich environment for all ages. The city's diverse population contributes to a vibrant community atmosphere, perfect for families and individuals alike.
Local Amenities
- Red Deer Regional Hospital Centre
- The G.H. Dawe Community Centre
- Bower Ponds
- Red Deer College
- City of Red Deer Public Library
- Red Deer Market Square
- Heritage Ranch
- Waskasoo Park
- Red Deer Museum + Art Gallery
- The Alberta Sports Hall of Fame and Museum
Points of Interest
- Bower Ponds
- Red Deer Museum + Art Gallery
- Red Deer Regional Airport
- Waskasoo Park Trail System
- Heritage Ranch
- City Hall Park
- Alberta Sports Hall of Fame and Museum
- Red Deer Farmers Market
- G.H. Dawe Community Centre
- Red Deer Arts Council
Market Overview
As of October 2023, Red Deer boasts 383 active listings with a median listing price of $409,999. The market shows a stable demand, making it an appealing option for both first-time homebuyers and those looking to upgrade. With a balanced inventory, buyers can expect to find a range of properties from single-family homes to condos. The current market dynamics suggest a gradual appreciation in property values, influenced by the city's growing economy and community developments.
Investment Outlook
Red Deer presents promising investment opportunities, particularly in the rental market, which is bolstered by a strong demand for affordable housing options. With ongoing developments and infrastructure improvements, the city is poised for growth, making it an attractive location for real estate investors. The relatively low median listing price compared to larger cities in Alberta offers potential for significant returns, especially for those looking to enter the rental market or invest in new developments.
Ideal For
Red Deer is ideal for first-time buyers seeking affordability alongside a vibrant community atmosphere. Families are attracted to the city's safety, quality schools, and recreational opportunities. Additionally, retirees looking for a peaceful setting with access to amenities will find Red Deer appealing, as will investors interested in the city's growth potential and rental market opportunities.
Living in Red Deer
Lifestyle
Living in Red Deer offers a balanced lifestyle with a strong sense of community. Residents enjoy a mix of urban conveniences and outdoor activities, thanks to the city's parks and easy access to nature. The vibe is friendly and welcoming, with community events such as farmers' markets and seasonal festivals fostering connections among neighbors. Local culture flourishes through art galleries, theaters, and music events, making Red Deer a culturally rich environment for all ages. The city's diverse population contributes to a vibrant community atmosphere, perfect for families and individuals alike.
Local Amenities
Red Deer Regional Hospital CentreThe G.H. Dawe Community CentreBower PondsRed Deer CollegeCity of Red Deer Public LibraryRed Deer Market SquareHeritage RanchWaskasoo ParkRed Deer Museum + Art GalleryThe Alberta Sports Hall of Fame and Museum
Market Insights
As of October 2023, Red Deer boasts 383 active listings with a median listing price of $409,999. The market shows a stable demand, making it an appealing option for both first-time homebuyers and those looking to upgrade. With a balanced inventory, buyers can expect to find a range of properties from single-family homes to condos. The current market dynamics suggest a gradual appreciation in property values, influenced by the city's growing economy and community developments.
Investment Potential
Red Deer presents promising investment opportunities, particularly in the rental market, which is bolstered by a strong demand for affordable housing options. With ongoing developments and infrastructure improvements, the city is poised for growth, making it an attractive location for real estate investors. The relatively low median listing price compared to larger cities in Alberta offers potential for significant returns, especially for those looking to enter the rental market or invest in new developments.
Written with AI assistance using live MLS data, reviewed by our team.
Price Distribution
$0 – $200K
53
$200K – $400K
149
$400K – $600K
99
$600K – $800K
52
$800K – $1.0M
17
$1.0M – $1.5M
8
$1.5M – $2.0M
5
$2.0M – $3.0M
3
$3.0M+
7
Explore More in Red Deer
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Frequently Asked Questions About Red Deer
There are currently 325 active residential listings in Red Deer. This includes detached homes, condos, townhouses, and other property types. Listings are updated throughout the day from CREA's DDF®.