5321 42 AVENUE
Red Deer (Central Alberta) · T4N3A3
$449,900
About this residence
Beautifully updated from top to bottom, this reimagined Woodlea bungalow blends modern style with timeless charm in one of Red Deer’s most sought-after neighbourhoods. Located on a quiet, tree-lined street and backing directly onto Woodlea Park, this home offers unbeatable lifestyle, privacy, and green space access.The main floor features new vinyl plank flooring and a brand-new kitchen with quartz countertops, sleek cabinetry, upgraded lighting, and brand new appliances. The kitchen has been opened into the living space and features a large quartz eating bar while maintaining the 1950s curved corners and ceilings; maintaining its charm and heritage. Large windows fill the space with natural light, complementing two spacious bedrooms and a fully updated bathroom.The lower level has been gutted back to studs and renovated with new insulation, drywall, new egress windows, a stylish wet bar with large fridge, generous family room with 1500 watt electric fireplace with LIFX app controlled colorful lighting, custom mantle/fireplace wall. The basement includes an optional office/bedroom, full bathroom, and massive floored laundry/utility space that is clean and ready for you. This basement space has been redesigned with entertaining in mind. Comfortable, bright, and functional—this level nearly doubles your living space.Major systems have been completely modernized, including a full electrical rewire & panel (2025) and newer hot water tank for long-term peace of mind. Roof was done in 2013. (id:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 3 (2 above, 1 below)
- Bathrooms
- 2
- Storeys
- 1
- Living area
- 964 sq ft
- Lot size
- 6721.00
- Frontage
- 15.76 meters
- Parking
- 2 spaces
- Fireplace
- 1
- Year built
- 1952
- Annual tax
- $3,207
- MLS®
- A2274029
- Board
- Red Deer (Central Alberta)
- Status
- Inactive
- Listed
- Dec 5, 2025
- Updated
- Dec 20, 2025
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 9.17 Ft x 15.08 Ft |
| Dining room | Main level | 5.83 Ft x 10.92 Ft |
| Living room | Main level | 15.00 Ft x 16.50 Ft |
| Primary Bedroom | Main level | 12.67 Ft x 10.92 Ft |
| Bedroom | Main level | 9.33 Ft x 11.67 Ft |
| 4pc Bathroom | Main level | 6.75 Ft x 8.25 Ft |
| Recreational, Games room | Basement | 25.17 Ft x 26.08 Ft |
| Bedroom | Basement | 11.00 Ft x 13.42 Ft |
| 4pc Bathroom | Basement | 7.08 Ft x 12.17 Ft |
| Laundry room | Basement | 13.50 Ft x 14.00 Ft |
Features & finishes
Appliances
- Dishwasher
- Microwave Range Hood Combo
- Oven - Electric
Flooring
- Vinyl
Heating
- Forced air
Basement
- Full
- Finished
Foundation
- Poured Concrete
Lot
- Back lane
- No Smoking Home
- Wet bar
- No Animal Home
- Environmental reserve
- No neighbours behind
Architecture
- Bungalow
Financing
Estimated monthly payment
$2,104/mo
Loan amount
$359,920
Down payment
$89,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Red Deer (Central Alberta)
Nearby
About the area
Census · T4N- 30,584
- Population
- 40
- Median age
- $64,500
- Median income
- $300,000
- Median home value
- 49%
- Home ownership
- 19 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 5321 42 AVENUE?
5321 42 AVENUE is listed for $449,900, in Red Deer (Central Alberta).
How many bedrooms and bathrooms does 5321 42 AVENUE have?
It offers 3 bedrooms and 2 bathrooms.
What type of home is 5321 42 AVENUE?
5321 42 AVENUE is a Single Family, House set over 1 storey, built in 1952.
How large is 5321 42 AVENUE?
The home offers approximately 964 sq ft of living space on a lot measuring 6721.00.
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 $2,104. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $3,207 per year.
Is there parking?
Yes — 5321 42 AVENUE includes 2 parking spaces.
What is the Red Deer (Central Alberta) area like?
Red Deer (Central Alberta) has a population of about 30,584, a median age of 40, a 49% home-ownership rate, with an average commute of about 19 minutes.
What is the average home value in Red Deer (Central Alberta)?
The median dwelling value in this area is approximately $300,000, 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 $64,500.
Similar residences
Comparable House near Red Deer (Central Alberta) at a similar price.
Private viewings
Arrange a private viewing of 5321 42 AVENUE.
Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.