Red Deer Homes under $500,000

Red Deer Homes under $500,000

Welcome to Red Deer, a vibrant city nestled in the heart of Alberta, Canada. Known for its picturesque parks, dynamic community spirit, and rich cultural scene, Red Deer is the perfect place to call home for families, professionals, and retirees alike. With a population of over 100,000, this thriving city offers a perfect blend of urban amenities and small-town charm, making it an ideal setting for those looking to settle down.

One of the most appealing aspects of Red Deer is its diverse real estate market, which features an array of homes under $500,000. Whether you’re searching for a cozy bungalow, a spacious family home, or a modern townhouse, you’ll find an impressive selection of properties that cater to various lifestyles and budgets. The affordability of homes in Red Deer allows first-time buyers and growing families to invest in their dream home without breaking the bank.

In addition to its attractive housing options, Red Deer boasts a wealth of recreational facilities, parks, and trails that encourage an active lifestyle. Enjoy leisurely strolls along the Red Deer River, explore the lush landscapes of Heritage Ranch, or take advantage of the numerous sports and entertainment venues throughout the city. With a strong sense of community and a commitment to fostering a welcoming environment, Red Deer is a place where neighbors become friends and memories are made.

Discover the charm of Red Deer and find your perfect home today, all while enjoying the many benefits of living in this beautiful Alberta city. Your dream home awaits!

Newest Red Deer Homes under $500,000

179 Allan Street, Red Deer
$425,000
3 Beds ⋅ 3 Baths ⋅ A2350072 MLS
Welcome to this beautifully maintained half duplex, ideally located in the highly desirable neighbourhood of Anders Park and across the street from a large green space and park. Offering a wonderful combination of comfort, privacy and a low-maintenance lifestyle, this move-in ready home has been thoughtfully cared for and updated. Step inside to beautiful hardwood flooring, vaulted ceilings and a cozy gas fireplace that creates a warm and inviting living space. The kitchen has been tastefully refreshed with repainted cabinetry, updated countertops, a brand-new fridge, a large pantry with attractive wood slat detailing, and a built-in wine rack. Convenient main-floor laundry makes everyday living easy. The spacious primary bedroom features a walk-in closet and private ensuite, while a second bedroom, currently used as a craft room, and another full bathroom complete the main level. Downstairs, you’ll find even more living space with a generous family room featuring a second gas fireplace, a third bedroom, full bathroom, dimmer lighting and plenty of storage. Outside, enjoy a completely private, low-maintenance backyard—perfect for relaxing and enjoying the outdoors without the upkeep. With a beautiful park and green space right across the street, plenty of living space and thoughtful updates throughout, this is a wonderful opportunity to enjoy easy living in one of Red Deer’s most sought-after neighbourhoods. Recent improvements include fresh exterior paint and new shingles in 2024, a new fridge in 2025, kitchen cabinetry repainted approximately eight years ago, and updated countertops approximately five years ago. (id:5764)

179 Allan Street, Red Deer

Listing courtesy of Royal LePage Network Realty Corp..

222 Davison Drive, Red Deer
$449,900
4 Beds ⋅ 3 Baths ⋅ A2349442 MLS
Welcome to this well-maintained and thoughtfully designed home, ideally located on a bus route and offering plenty of space for the whole family. This home has been lovingly cared for by the same owners for over 30 years and offers a comfortable layout with great functionality both inside and out.Step inside and walk into the spacious living room, featuring a skylight that brings in an abundance of natural light. A few steps up lead to the dining room and kitchen, with access to the deck — perfect for enjoying your morning coffee or entertaining friends and family.The main floor features 3 bedrooms, including a primary bedroom with a convenient 3-piece ensuite, as well as a 4-piece main bathroom. Central air keeps the home comfortable throughout the warmer months.The fully finished basement adds even more living space and includes a 4th bedroom, family room with a cozy wood-burning fireplace, office, and a separate laundry room. The laundry room has a window and plenty of room for folding and organizing, with the option to close the door when laundry is in progress. A 3-piece bathroom with a shower completes the basement.Outside, the yard has been exceptionally well cared for and features a vinyl fence, deck, and storage space underneath the deck — providing excellent additional storage for outdoor items.Additional features include:Double attached garageCentral air conditioningVinyl fencingShingles approximately 2 years oldWindows, doors and furnace approximately 10 years oldSkylight in living roomFully finished basementWood-burning fireplaceBus route locationWell-maintained yard4 bedrooms and 3 bathroomsA home with this much care, space, and practical living area doesn't come along often. After more than three decades of ownership, this property is ready for its next chapter! (id:5764)

222 Davison Drive, Red Deer

Listing courtesy of RCR - Royal Carpet Realty Ltd..

3720 44 Street, Red Deer
$309,900
4 Beds ⋅ 2 Baths ⋅ A2350001 MLS
BRIGHT AND SUNNY HALF DUPLEX IN EASTVIEW - Close to schools, playgrounds and shopping! Offering 3 bedrooms/full bath up and 2 den/bedrooms down along with a great size family room and combined bathroom / laundry room! This fully finished home has a wonderful, mature lot, single garage, original hardwood, newer windows, some nice renos, newly installed carpet and a quaint porch addition for extra entrance/foyer at the side. Enjoy the well cared for, massive, fenced yard and a cute side yard/patio for your morning coffee. All ready for its next owner with nothing to do but move in! Excellent starter home, down sizer or investment property! (id:5764)

3720 44 Street, Red Deer

Listing courtesy of RE/MAX real estate central alberta.

5928 52 Avenue, Red Deer
$499,000
5 Beds ⋅ 3 Baths ⋅ A2349937 MLS
INVESTOR ALERT! Welcome to this well-maintained corner-unit home in Riverside Meadows, offering an excellent opportunity for investors seeking a property with flexible living arrangements, a legal basement suite, and strong rental potential.The bright main level features a large east-facing window, bringing in plenty of natural light, along with new hardwood flooring throughout the main living spaces. The main floor offers three bedrooms, while the fully developed legal basement suite provides an additional two bedrooms, giving the property a total of five bedrooms.The legal basement suite adds significant value and flexibility, featuring a large family room, separate laundry, and a separate entrance. The suite is currently occupied by long-term tenants who are willing to stay, providing a potential opportunity for a new owner to maintain the existing tenancy and rental income, subject to the applicable tenancy terms.Outside, you'll find a large deck, perfect for entertaining or relaxing, along with newer fencing for added privacy. Parking is another major advantage, with six parking spaces in total, including two spaces at the rear of the property and three additional spaces within the gated RV parking area.The home also features a high-efficiency heating system, adding to its overall appeal for both homeowners and investors.Located in Riverside Meadows, this property offers convenient access to local amenities, services, and transportation routes. Whether you're looking to expand your rental portfolio, house-hack, or purchase a property with multiple income-producing options, this is an opportunity worth taking a closer look at.Key Investor Features:Legal 2-bedroom basement suiteLong-term basement-suite tenants willing to stay5 bedrooms total3 bedrooms on the main levelSeparate suite entranceSeparate laundryLarge basement family roomNew hardwood flooringLarge east-facing windowHigh-efficiency heating system6 parking spaces / gated RV parking spaces2 additional rear parking spacesLarge deckNewer fencingCorner-unit locationRiverside MeadowsExcellent rental and house-hacking potential (id:5764)

5928 52 Avenue, Red Deer

Listing courtesy of RE/MAX First.

227 Livingston Close, Red Deer
$449,900
2 Beds ⋅ 2 Baths ⋅ A2349550 MLS
2 BEDROOM, 2 BATHROOM BI-LEVEL IN LAREDO ~ OFF STREET PARKING ~ CENTRAL AIR CONDITIONING ~ Covered front veranda welcomes you and leads to a bright foyer with high ceilings that open to the main floor above ~ Open concept main floor layout is complemented by vaulted ceilings and vinyl plank flooring ~ The living room features large south facing windows that fill the space with natural light ~ The kitchen offers a functional layout with plenty of white cabinets, ample counter space, large island with an eating bar and pendant lights above, full tile backsplash, a wall pantry and stainless steel appliances ~ The dining space has more large windows that fill the space with natural light and garden door access to the deck and backyard ~ The primary bedroom can easily accommodate a king size bed plus multiple pieces of furniture, has a walk-in closet with built in organizers, and a 4 piece ensuite with a cheater door to the conveniently located main floor laundry room ~ Second bedroom is also a generous size, has a walk-in closet, and is next to the 4 piece main bathroom ~ The basement features high ceilings, in floor heat, offers tons of additional living space, and awaits your future finishing touches ~ The backyard is landscaped and fully fenced with back alley access ~ Rear parking pad offers ample off street parking ~ Located in desirable Laredo, with walking trails, parks, playgrounds, schools, and shopping all close by! (id:5764)

227 Livingston Close, Red Deer

Listing courtesy of Lime Green Realty Central.

124 Lamont Close, Red Deer
$499,900
4 Beds ⋅ 3 Baths ⋅ A2349515 MLS
FULLY DEVELOPED ~ 4 BEDROOM, 3 BATHROOM BUNGALOW ~ HEATED DOUBLE ATTACHED GARAGE ~ Front veranda welcomes you and leads to a sun-filled foyer ~ Vaulted ceilings throughout the main living space ~ The living room features large bay windows that fill the space with natural light, and is centred by a cozy fireplace with a lighted niche above ~ The kitchen offers a functional layout with plenty of warm stained oak cabinets, ample stone counter space, full tile backsplash, stainless steel appliances and a counter height eating bar ~ The spacious dining room is open to the kitchen, has large bay windows that overlook the backyard and garden door access to the deck ~ The primary bedroom can easily accommodate a king size bed plus multiple pieces of furniture, has a walk-in closet and a 3 piece ensuite ~ 2 additional main floor bedrooms are both a generous size with ample closet space ~ 4 piece main bathroom and laundry in it's own room complete the main level ~ The fully finished basement with in floor heat has tons of additional living space ~ A large L-shaped family room has plenty of space for a sitting area and games tables ~ Versatile flex space is currently being used as a home gym ~ 4th bedroom is located next to a 4 piece bathroom ~ The backyard is fully fenced and backs onto a walking trail, has a garden shed for storage, a spacious deck and lower patio, and tons of yard space ~ Excellent location, close to multiple schools, parks, playgrounds, and shopping, steps to the Collicut Centre. (id:5764)

124 Lamont Close, Red Deer

Listing courtesy of Lime Green Realty Central.

303 Addington Drive, Red Deer
$345,000
2 Beds ⋅ 3 Baths ⋅ A2348805 MLS
No condo fees, a fully fenced yard , 2 bedrooms with 2 ensuites, and a fantastic Anders South location—303 Addington Drive has a lot to love! This 1,356 sq. ft. home offers two bedrooms, two and a half bathrooms and the space to settle in comfortably.The unfinished basement is a blank canvas for whatever comes next: a family room, home office, workout space or simply plenty of storage. Outside, the south facing fenced yard gives you your own place to relax, entertain or enjoy a summer evening.With schools, parks and shopping close by, this is a location that makes daily life easy. Homes in Anders South are always in demand—come see what makes this one such a great opportunity. (id:5764)

303 Addington Drive, Red Deer

Listing courtesy of .

14 Ladwig Close, Red Deer
$449,900
4 Beds ⋅ 2 Baths ⋅ A2349770 MLS
Welcome to 14 Ladwig Close! This very well-maintained 4-bedroom, 2-bathroom home offers a wonderful combination of comfort, functionality, and outdoor enjoyment.The home has been thoughtfully cared for and features all newer stainless steel appliances, along with Hunter Douglas blinds that add both style and quality throughout the home. With four bedrooms and two bathrooms, there is plenty of space for families, guests, or a home office. One of the standout features of this property is the detached 22' x 28' garage, complete with 220 wiring—an ideal setup for the hobbyist, mechanic, or anyone needing additional workspace and storage.Step outside and you'll appreciate the beautifully landscaped backyard, offering a private and inviting space to relax, entertain, or enjoy the outdoors. The pride of ownership is evident throughout this property, both inside and out.The location is especially convenient for families, with Mattie McCullough Elementary School just a short distance away, making the morning school routine that much easier. Located in a desirable Red Deer neighbourhood, 14 Ladwig Close is a fantastic opportunity for buyers looking for a well-cared-for home with an exceptional garage, beautiful landscaping, quality window coverings, and a family-friendly location. This one is ready to welcome its next owners! (id:5764)

14 Ladwig Close, Red Deer

Listing courtesy of RE/MAX real estate central alberta.

101 Baile Close, Red Deer
$294,700
2 Beds ⋅ 2 Baths ⋅ A2348892 MLS
Welcome to this beautifully maintained end-unit townhouse in the mature and desirable Bower community - offering NO CONDO FEES, a fully finished layout, a south-facing fenced yard backing onto green space, and immediate possession available! As an end unit, this home enjoys the added benefit of extra yard space and extra natural light, with windows along the side of the home in addition to the south-facing patio doors and kitchen window. The main floor offers a bright, open-concept design with the kitchen, dining area and living room flowing comfortably together. The patio doors provide direct access to the spacious COMPOSITE deck and fully fenced backyard, creating an easy connection between the indoor and outdoor living spaces. A convenient 2-piece bathroom completes the main level. The fully finished basement offers two bedrooms, a 4-piece bathroom, storage space, and a laundry/furnace utility room, providing approximately 1,100 sq. ft. of total living space, plus an additional crawl space area offering approximately 4' of height for extra storage. The south-facing backyard is a wonderful bonus, backing onto green space and a large parking area for homeowners and guests. The yard is fully fenced with attractive white vinyl fencing and includes an 8' x 13' deck with composite decking, black railing and a gate at the stairs, along with a 7' x 4' vinyl storage shed. There is also a gated asphalt parking pad accessed from the back lane, measuring approximately 11' x 18' and providing parking for one vehicle. This home has been exceptionally well cared for, with numerous updates over the years. In 2026, new flooring was installed throughout, the walls and ceilings were freshly painted, and the toilets were replaced. Other improvements include the upgraded rear deck which was updated with composite floor and black railing along with a new vinyl storage shed in 2025, shingles and eavestroughing in 2019, and a new furnace, hot water tank and central air conditioning in 2015. In 2014, the windows and exterior doors were replaced. Located in the established Bower community, you’ll enjoy beautiful trails along the creek and surrounding natural areas, while being conveniently close to Red Deer Hospital, Red Deer Polytechnic, Bower Mall, South Red Deer shopping and a variety of everyday amenities. Easy highway access adds to the convenience. Pride of ownership is evident throughout this immaculate, pet-free and smoke-free home, lovingly cared for by the owner for approximately 17 years. A wonderful opportunity for anyone looking for a move-in-ready home in a convenient and established Red Deer location—with NO CONDO FEES! (id:5764)

101 Baile Close, Red Deer

Listing courtesy of 2 Percent Realty Advantage.

12 Ironside Street, Red Deer
$259,900
2 Beds ⋅ 2 Baths ⋅ A2349219 MLS
Beautifully kept 2-bedroom, 2-bathroom condo with a heated, secure underground parking stall! Located in a desirable southeast area of the city, this home offers convenient access to city amenities while providing quick access to the highway. Situated on the third floor, you’ll appreciate the private east-facing balcony, the perfect spot to enjoy your morning coffee while taking in lovely views of the walking paths and seasonally changing treetops. Inside, the unit has been thoughtfully updated with upgraded laminate flooring and new baseboards throughout. A modern paint color creates a warm and welcoming atmosphere. The well-designed kitchen makes excellent use of the available space and features a large center island, perfect for additional meal preparation, four upgraded matching stainless steel appliances, and a decorative tile backsplash. The spacious living area provides plenty of room for your media space and equipment. The generous primary suite offers ample room for your furnishings, along with a walk-through closet and private 4-piece en suite. The second bedroom is conveniently located on the opposite side of the unit, next to the additional 4-piece bathroom, making it ideal for guests or family. An extra-large laundry/storage room provides valuable additional space for countertop appliances, pantry items, and storage. The heated underground parking stall offers added security and protection for your vehicle, especially during the upcoming winter months. The building features a welcoming common lobby area, perfect for meeting neighbors and socializing, along with an elevator and secure entrance. Outside, the beautifully maintained common grounds connect directly to a scenic walking path, making it easy to stay active and enjoy the outdoors. A great opportunity for low-maintenance living, giving you more time to enjoy your personal interests and everything the surrounding area has to offer! (id:5764)

12 Ironside Street, Red Deer

Listing courtesy of RE/MAX real estate central alberta.

95 Inglewood Drive, Red Deer
$432,500
3 Beds ⋅ 2 Baths ⋅ A2349471 MLS
PRE INSPECED, EXCEPTIONAL CORNER-LOT LIVING IN INGLEWOOD!Welcome to 95 Inglewood Drive—a warm, functional, and feature-packed home designed for effortless living and entertaining.The main level features a sun-drenched, open-concept living, dining, and kitchen area, complemented by main-floor laundry, 3 comfortable bedrooms, and 2 full bathrooms. Head downstairs to find a spacious lower-level rec room, a private office/den, and remaining unfinished space ready to be customized to your family's exact needs. Enjoy ultimate year-round comfort with basement in-floor heating, central A/C, and central vacuum.Step outside into your private retreat: a tiered deck featuring a hot tub and custom pergola, set within a low-maintenance, lawn-free yard complete with dedicated RV parking. Hobbyists and mechanics will love the oversized heated double garage, built with an extra-thick reinforced concrete pad and an integrated workbench.Located steps from parks, top schools, shopping, and community amenities in one of Red Deer's most desirable pockets. (id:5764)

95 Inglewood Drive, Red Deer

Listing courtesy of Century 21 Maximum.

18 Greenham Drive, Red Deer
$349,900
5 Beds ⋅ 3 Baths ⋅ A2349548 MLS
The main floor welcomes you with an abundance of natural light and a comfortable, functional layout. The galley-style kitchen offers plenty of cupboard space and opens easily to the dining area and adjoining living room, creating a natural flow for everyday living and entertaining. Three bedrooms are located on this level, including the primary bedroom with its own ensuite. A four-piece bathroom completes the main floor.Downstairs, large windows bring plenty of natural light into the family room, creating a comfortable space for relaxing, movie nights, and time together. A convenient kitchenette is perfectly suited for preparing evening snacks without having to head upstairs. Two good-sized bedrooms and a three-piece bathroom provide flexibility for family members, guests, or a home office. One of the home's most charming features is the dedicated playroom, giving kids a space to enjoy their toys and activities while keeping the main living areas tidy. A window into the playroom makes it easy to keep an eye on the action without interrupting playtime and could even become a little stage for puppet shows. Full-height storage areas provide plenty of room for keeping seasonal items and household belongings organized.Step outside to a fully fenced, low-maintenance backyard designed for easy enjoyment. A new deck creates a wonderful spot for morning coffee, outdoor meals, or gathering with family and friends. Off-street parking and gated rear access provide convenient RV parking, while the large storage shed offers additional space for tools, yard equipment, and seasonal items. The updated roof and hot water tank add further peace of mind. The home is also conveniently located just down the street from a new community centre currently being built, adding an exciting new amenity to the surrounding neighbourhood. (id:5764)

18 Greenham Drive, Red Deer

Listing courtesy of Realty Executives Alberta Elite.

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