Residentiae.
For Sale · Red Deer (Central Alberta)

3-11 Gray

Red Deer (Central Alberta) · T0M0H0

$1,924,000

Bedrooms
Bathrooms
2Parking
1,016Sq Ft
1Storeys

About this residence

Attention investors this brand new bungalow 5 plex in Sylvan Lake offers a rare opportunity to please a different style of renter. Located in the peaceful new Grayhawk subdivision on Sylvan Lake’s west side, you’ll love being close to walking paths, future schools & shops, with quick access to the lake, golf courses, and amenities — all while enjoying a quiet community setting. The 2 end units are 1099 sq ft on main floor with 2 bedrooms, a 4pce bath with cheater doors from each room, double sinks and a stand up shower with glass door. 2pce powder room for guests and main floor laundry. The kitchen has corner pantry, centre island eating bar, under cabinet lighting, stainless steel fridge, stove and dishwasher. Vinyl plank flooring in LI/DI/KI and carpet in bedrooms. Basement is undeveloped. The 3 inner units are 1016 sq ft on main floor and have 1 large primary bedroom with walk in closet, gorgeous ensuite with double sinks, walk in shower with glass door. Living room, dining and kitchen have vinyl plank flooring, Main floor laundry and powder room. Kitchen has corner pantry and centre island with pull out drawers, quartz countertops and stainless steel appliances. Basement is undeveloped. All units have south facing backyards, back decks and white vinyl divider fencing with 2 stall gravel parking pad. Energy efficient, with new home warranty makes being a landlord even easier. GST included in purchase price rebate to builder. Taxes to be assessed. No condo fees, separate titles for each unit (id:61366)

Property details

Property type
Multi-family
Style
Multi-Family
Ownership
Freehold
Storeys
1
Living area
1,016 sq ft
Parking
2 spaces
Year built
2025
Annual tax
$0
MLS®
A2273650
Board
Red Deer (Central Alberta)
Status
Inactive
Listed
Dec 2, 2025
Updated
Dec 2, 2025

Features & finishes

Flooring

  • Carpeted
  • Vinyl Plank

Basement

  • Full
  • Unfinished

Foundation

  • Poured Concrete

Parking

  • Parking Pad

Lot

  • No Smoking Home
  • PVC window
  • No Animal Home
  • Closet Organizers

Architecture

  • Bungalow

Financing

Mortgage calculator

Estimated monthly payment

$8,998/mo

Amortization

Loan amount

$1,539,200

Down payment

$384,800

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

Red Deer (Central Alberta)

About the area

Census · T0M
66,367
Population
43
Median age
$86,000
Median income
$324,000
Median home value
81%
Home ownership
29 min
Avg. commute

Age distribution

0–14
18%
15–24
10%
25–44
24%
45–64
28%
65+
20%

Tenure

81% owners19% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently asked questions

What is the asking price for 3-11 Gray?

3-11 Gray is listed for $1,924,000, in Red Deer (Central Alberta).

What type of home is 3-11 Gray?

3-11 Gray is a Multi-family, Multi-Family set over 1 storey, built in 2025.

How large is 3-11 Gray?

The home offers approximately 1,016 sq ft of living space.

What would the monthly mortgage payment be?

With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $8,998. Use the mortgage calculator above to model your own scenario.

Is there parking?

Yes — 3-11 Gray includes 2 parking spaces.

What is the Red Deer (Central Alberta) area like?

Red Deer (Central Alberta) has a population of about 66,367, a median age of 43, a 81% home-ownership rate, with an average commute of about 29 minutes.

What is the average home value in Red Deer (Central Alberta)?

The median dwelling value in this area is approximately $324,000, based on census data via Neighbourly.

What is the median household income in Red Deer (Central Alberta)?

The median household income in this area is approximately $86,000.

Private viewings

Arrange a private viewing of 3-11 Gray.

Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.

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