405, 4820 47 Avenue, Red Deer

Discover this hidden gem in historic Downtown Red Deer, just steps from Coronation Park, the Recreation Centre, and some of the best walking trails in the city. This inviting 4th-floor condo offers a peaceful retreat with spectacular east-facing views overlooking mature trees and parkland — a rare find at this price point! ( units are valued at approximately $5,000 per floor.) Inside, the home feels warm with light paint tones, creating a bright and welcoming ambiance. Enjoy your morning coffee or a relaxing afternoon tea and take in the views. The kitchen features crisp white cabinetry paired with an appliance package, offering a timeless and functional space. The primary bedroom is spacious, and the bathroom next to it. Two generously sized hallway closets provide excellent storage, complemented by an additional in-unit storage area, making organization effortless. This well-designed condo offers incredible convenience with a laundry room just down the hall and an elevator located across from the unit, making daily living simple and accessible. The building itself is well managed with a long-standing, reliable condo association and affordable condo fees $396.62 that include all utilities except for power and internet. Ample parking is available behind the building, with the option to rent an assigned powered stall for just $35/month. Those without a vehicle will love being within walking distance to downtown shops, services and the beautiful natural pathways along the creek. The recreational center is right next door - short walk - with an indoor and outdoor pool. This pet-friendly( some restrictions) building is also wonderfully suited for those considering rental income. On-site manager lives in the building — a huge advantage for investors looking for hands-off management and excellent building security. Whether you’re a busy professional, first-time buyer, downsizer, nature lover or someone looking for affordable home ownership, this condo delivers unbeatable value. A perfect choice for anyone seeking comfort, convenience and a budget-friendly lifestyle in the heart of Red Deer. Parking spot available for rent outside of the building. Please note photos of the unit inside were taken from another unit with the same layout. (id:1945)

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Property details for 405, 4820 47 Avenue, Red Deer

Type: Apartment
Bedrooms: 1
Bathrooms: 2
Living Area: 496 square feet
Lot Size: 0.00
Stories: 5
Basement: None
Parking: Parking Pad, Other, Other, None, See Remarks, Shared
Heating: Natural gas, Other
Cooling: None
Exterior: Concrete
Ownership: Condo/Strata
Annual Taxes: $888 (2026)
Condo Fee: $397 / Monthly

Nearby Listings Stat
Estimated price and comparable properties near 405, 4820 47 Avenue

Active Listings

Min Price

$88,900

Max Price

$379,900

Avg Price

$275,900

Days on Market

days

Sold Listings

Min Sold Price

$N/A

Max Sold Price

$N/A

Avg Sold Price

$N/A

Days until Sold

N/A

days

Neighbourhood Census Data

Red Deer, Alberta

Population

632

Median Age

Median Income

$30,016

Dwelling Value

$250,084

Housing Tenure

Owners 43%

Renters 56%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.5

Pop. Density: 1,992.4/km²

Avg Shelter Cost: $815/mo

Owners with Mortgage: 28.9%

Owners Spending 30%+: 13.5%

Tenants Spending 30%+: 51%

English only: 95.2%

English and French: 4%

Neither: 0.8%

Median Household Income: $42,453

Median Employment Income: $28,544

Price History

Listed

September 29, 2026

by RE/MAX real estate central alberta

Current Price

$88,900

-0.1% from last change

Type

Apartment

For Sale

Price Changes

Date	Price	Change
Current	$88,900	$100 (-0.1%)
Sep 29, 2026	$89,000	$900 (-1%)
Sep 11, 2026	$89,900	$2,100 (-2.3%)
Jul 22, 2026	$92,000	$1,000 (-1.1%)
Jul 8, 2026	$93,000	$1,900 (-2%)
Jun 3, 2026	$94,900	$5,000 (-5%)
May 26, 2026	$99,900	$5,100 (-4.9%)
May 21, 2026	$105,000	Listed