Red Deer Homes under $400,000

Red Deer Homes under $400,000

Welcome to Red Deer, Alberta – a vibrant city that perfectly balances urban conveniences with the charm of a close-knit community. Nestled between Calgary and Edmonton, Red Deer is the third-largest city in Alberta, offering residents a rich tapestry of cultural, recreational, and educational opportunities. With its stunning parks, bustling downtown, and a variety of local events, Red Deer is not just a place to live; it’s a place to thrive.

For those seeking a home in this beautiful city without breaking the bank, Red Deer offers an impressive selection of properties under $400,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, this market has something for everyone. Imagine settling into a cozy bungalow, a modern townhouse, or a charming condo, all while enjoying the affordability that Red Deer provides.

The city’s real estate market is diverse, with homes featuring spacious layouts, contemporary designs, and family-friendly neighborhoods. Many properties are situated near excellent schools, parks, and shopping centers, making everyday life a breeze. Plus, Red Deer’s strong sense of community means you’ll always find friendly faces and local events to engage with.

With its beautiful landscapes, rich history, and a strong economy, Red Deer is not just a place to call home; it’s a lifestyle waiting to be embraced. Explore the possibilities today and discover how you can make Red Deer your new home sweet home, all while staying within budget!

Newest Red Deer Homes under $400,000

240 Ebert Close, Red Deer
$309,900
2 Beds ⋅ 1 Baths ⋅ A2355192 MLS® #
Some recent fresh paint & light fixtures! Tucked away on a quiet close in established Eastview Estates, this well-kept bungalow offers comfortable main-floor living in a peaceful setting. The open-concept living and dining area feels bright and welcoming, with plenty of natural light and a gas fireplace adding warmth to the living room. The spacious dining area gives you room to gather with family and friends, while the galley-style kitchen is thoughtfully laid out with generous counter space and a full-sized pantry. A newer fridge and dishwasher have also been added. There are two bedrooms on the main floor, both with double closets. The The bathroom offers a step-in tub for easier access, along with a large vanity and dual sinks. Outside, the private south-facing backyard is fully fenced and surrounded by mature trees, creating a quiet place to enjoy warmer days. A large resin garden shed provides plenty of extra storage. The attached oversized garage offer plenty of parking soave with room for storage and work space. Access to the home from the garage features a large mud/ utility room with the stacking washer and dryer as well. Several important updates have already been taken care of, including the furnace and air conditioning in 2022, main-floor windows in 2023, shingles in 2019, and hot water tank in 2018. Located in a convenient central Red Deer neighbourhood, this is a comfortable, manageable home with the kind of established surroundings that are easy to settle into.

240 Ebert Close, Red Deer

Courtesy of Royal LePage Network Realty Corp..
5300 48 Street Unit 305, Red Deer
$345,000
2 Beds ⋅ 2 Baths ⋅ A2353960 MLS® #
Enjoy carefree 55+ living in this beautifully maintained, modern condo in a prime downtown Red Deer location. Just a short walk from the Capstone development, the river and scenic walking trails, with banking, restaurants and the hospital close by, this home makes everyday living convenient.The open-concept layout features 9-foot ceilings, recently upgraded flooring and a gas fireplace. The spacious primary bedroom accommodates a king-sized bed and includes a walk-through closet leading to the ensuite, recently updated with a large walk-in shower. A second bedroom offers flexibility as a guest room, den or home office. Step onto the deck to enjoy your morning coffee.Residents can take advantage of an impressive range of amenities, including an indoor pool, hot tub, fitness room, games room, multipurpose room with kitchen and workshop. Underground parking adds everyday convenience, with additional guest parking out front. Visiting friends and family can also book the on-site guest suite for $30 per night, private in social room is $100.00.With a welcoming community, excellent amenities and a location close to the best of downtown Red Deer, this is a wonderful opportunity for secure, low-maintenance living.

5300 48 Street Unit 305, Red Deer

Courtesy of Royal LePage Network Realty Corp..
27 Fir Street, Red Deer
$359,900
4 Beds ⋅ 2 Baths ⋅ A2334347 MLS® #
Tucked away in a quiet, established neighbourhood, this distinctive 4-bedroom bungalow is filled with warmth, character, and natural light. The spacious main floor showcases beautiful mahogany hardwood flooring with matching closet doors and baseboards, creating rich wood tones throughout. A large bow window brightens the inviting living room, while the functional layout offers a separate dining area and a cozy breakfast nook. Wood Stove was never used by current home owner.The updated kitchen features abundant wood cabinetry, skylights, a built-in cooktop, wall-mounted convection oven, tiled backsplash, and a large window overlooking the backyard. Three bedrooms are conveniently located on the main floor, along with a full 4-piece bathroom. All windows have been upgraded to triple-pane vinyl for added comfort and efficiency.The developed basement provides even more living space with a fourth bedroom, 3-piece bathroom, laundry area, generous storage, and an exceptionally spacious recreation room complete with a fireplace.Outside, the pie-shaped yard is surrounded by mature landscaping and offers established gardens, colourful flower beds, a fire pit area, and a tucked-away private patio perfect for outdoor entertaining. The extra-large double heated garage includes a built-in workshop, making it an excellent setup for woodworkers, mechanics, or serious hobbyists. A generous exterior parking pad provides additional off-street parking and completes this versatile property.

27 Fir Street, Red Deer

Courtesy of RE/MAX real estate central alberta.
6940 63 Avenue Unit 671, Red Deer
$45,000
2 Beds ⋅ 1 Baths ⋅ A2354412 MLS® #
Fully fenced and one of the largest yards in Mustang Acres, set on a quiet street directly across from the park. Renovations done in 2026 includes re-levelled and skirting updated, roof resealed, furnace serviced, new 40 gallon hot water tank, new back porch to meet insurance requirements, PEX plumbing. The bathroom has been refreshed with a new tub, toilet, flooring, light fixtures and fresh paint. New flooring (no carpet anywhere). Vinyl windows in living room and bedrooms, exterior doors updated. All five appliances included. Very Clean and available for immediate possession. Park approval required for buyers, including pet approval.

6940 63 Avenue Unit 671, Red Deer

Courtesy of Maxwell Real Estate Solutions Ltd..
129 Lyons Close, Red Deer
$334,900
3 Beds ⋅ 2 Baths ⋅ A2354988 MLS® #
Welcome to 129 Lyons Close in Red Deer, Alberta — a bright and inviting 2-storey half duplex located on a quiet close in an excellent location. Built in 2004 and offering 1,248 square feet, this home combines great curb appeal, a smart floor plan, and comfortable everyday living. The main floor features convenient laundry, laminate flooring throughout, bright windows, and a functional layout that makes excellent use of the space. The primary bedroom includes a walk-in closet, while the large deck and fully fenced south-facing backyard provide a great outdoor area for relaxing, entertaining, or enjoying the sun. New roof to be installed weather dependent. Seller does own both sides of Duplex if an Investor is interested.

129 Lyons Close, Red Deer

Courtesy of Realty Executives Alberta Elite.
277 Overdown Drive, Red Deer
$289,900
5 Beds ⋅ 2 Baths ⋅ A2354962 MLS® #
Looking for space, convenience and value? This 5-bedroom + den, 2-bathroom half duplex offers plenty of room to accommodate a growing family, create dedicated workspaces or enjoy the flexibility of extra rooms. The open floor plan provides a comfortable flow between the living spaces, while the fenced yard offers outdoor space to enjoy. Location is key, and this home puts you close to all amenities! G.H. Dawe School, St. Patrick’s Community School, the G.H. Dawe Community Centre with its pool and ice rink, and a Red Deer Public Library branch are all nearby. Shopping, recreation and everyday essentials are within easy reach, making this a convenient place to call home. With five bedrooms plus a den, a functional layout and a fantastic location, this property offers plenty of possibilities for families, first-time buyers or investors looking for a home with room to grow. Come see the potential and discover how this property could work for you!

277 Overdown Drive, Red Deer

Courtesy of Coldwell Banker OnTrack Realty.
339 Viscount Drive Unit 302, Red Deer
$299,900
2 Beds ⋅ 3 Baths ⋅ A2354456 MLS® #
2 BEDROOM, 3 BATHROOM 2-STOREY TOWNHOME IN DESIRABLE VANIER EAST ~ LOW MAINTENANCE LIVING ~ Attractive stone accented exterior complemented by established landscaping offers eye-catching curb appeal ~ Open concept main floor layout with high ceilings creates a bright and spacious feel ~ The living room offers plenty of space for comfortable seating and flows seamlessly into the dining area with a chandelier above ~ The kitchen features an abundance of white cabinetry, ample counter space, full tile backsplash, raised eating bar, stylish black stainless steel appliances and sliding patio door access to the deck and backyard ~ Convenient 2 piece main floor bathroom ~ The upper level features two generously sized bedrooms, each with ample closet space and its own private ensuite, offering comfort and privacy ~ The undeveloped basement provides laundry facilities, plenty of storage space and excellent potential for future development ~ The fully fenced backyard is landscaped and offers a private outdoor space to relax or entertain ~ Monthly condo fees of $287.25 include grounds maintenance, parking, professional management, reserve fund contributions, snow removal and trash/recycling ~ Located in sought-after Vanier East, within walking distance to parks, playgrounds and scenic walking trails, with convenient access to schools, shopping and all other amenities ~ An excellent opportunity to enjoy low-maintenance living in one of Red Deer's most desirable neighbourhoods!

339 Viscount Drive Unit 302, Red Deer

Courtesy of Lime Green Realty Central.
277 Kendrew Drive, Red Deer
$314,900
3 Beds ⋅ 2 Baths ⋅ A2354505 MLS® #
Open House Sunday, November 1, 2026 from 1:00 p.m. - 3:00 p.m. Located on a quiet street in popular Kentwood, just a short walk from the park and school, this well-maintained 3-bedroom end-unit duplex is full of appeal! An abundance of natural light creates a bright and inviting atmosphere, while the open floor plan offers a comfortable space to enjoy time with family and friends. You’ll appreciate the unique bonus of a walk-in storage room along with several spacious closets, providing plenty of room to keep everything organized.All 3 bedrooms are located on the lower level, offering a cooler and more comfortable place to sleep during the summer months. The third bedroom also houses the laundry, making it an ideal flex space for a bedroom, office, exercise room or hobby room. Step outside to discover a larger-than-average south-facing backyard, beautifully landscaped for privacy and enjoyment. An apple tree, raspberry bushes and an abundance of perennials create a peaceful outdoor retreat, while the sunny deck, just 3–4 years old, is the perfect spot to relax and unwind. The included gazebo adds even more enjoyment to the outdoor space. Additional features include a rock-based storage area ideal for bikes, tires and lawn equipment, plus convenient off-street parking at the rear. The roof was replaced approximately 5–6 years ago.Whether you’re a first-time buyer looking for an affordable place to call home, downsizing to a more manageable property, or searching for an investment opportunity, this charming home offers plenty of possibilities!

277 Kendrew Drive, Red Deer

Courtesy of Century 21 Maximum.
49 Bennett Street Unit 303, Red Deer
$135,000
1 Beds ⋅ 1 Baths ⋅ A2354650 MLS® #
Hard to Beat Bower Location-Located across from Bower Mall and close to all amenities including fast food, shopping, transit, walking paths and more. A nice 1 bedroom property with fresh paint, new carpet in the living room and bedroom, Brand new Blinds and freshly painted cabinets. Sunny South Facing balcony overlooks the treed green space. Plenty of room to store your seasonals with insuite storage room. A great property just waiting for you

49 Bennett Street Unit 303, Red Deer

Courtesy of Maxwell Real Estate Solutions Ltd..
273 Kendrew Drive, Red Deer
$309,900
3 Beds ⋅ 2 Baths ⋅ A2354450 MLS® #
Affordable, well-maintained, move-in ready, and packed with practical extras! This well-priced half duplex offers exceptional value for first-time buyers, investors, or anyone looking for comfortable living space with some unique added benefits. With immediate possession available, you can settle in and start enjoying homeownership without delay. The bright, open-concept main floor offers an inviting flow between the living, dining, and kitchen areas, creating a comfortable space for everyday living and entertaining. The spacious front living and dining area provides plenty of room to gather with family and friends, while the kitchen offers ample counter space, abundant oak cabinetry, and matching stainless steel appliances, including a newer bottom-freezer refrigerator. Main-floor laundry features convenient wire shelving for additional storage, while a two-piece bathroom with a newer resin countertop adds to the home's functionality. The fully developed basement offers three generously sized bedrooms, all repainted within the last few years, along with a refreshed four-piece bathroom featuring newer paint and fixtures. The utility room is equipped with an oversized hot water tank installed in 2023, while operable in-floor heating adds welcome comfort during the colder months. For additional peace of mind, all smoke detectors were replaced last month, and the furnace has recently been professionally cleaned. Outside, enjoy the south-facing backyard and deck, complete with nicely maintained landscaping, newly mulched garden beds, and planter boxes. The rear deck has been rebuilt with new framing and floorboards, with additional storage space underneath. The area beneath the deck has been leveled with concrete blocks to help keep stored items off the ground. One of this property's standout features is the impressive 8' x 40' Sea Can, designed to remain in place and fully sided to complement the home. Complete with an attractive metal roof, eave trough, downspouts, power, wood flooring, a built-in workbench, and shelving, this versatile space offers excellent potential for a workshop, hobby area, or secure storage. Double swing doors provide convenient lane access, making it ideal for storing recreational vehicles, equipment, or all your extra toys. Additional highlights include shingles replaced in 2016, with the remaining applicable warranty, and recently installed Telus fibre-optic service. The location is another bonus, with St. Lorenzo Ruiz Middle School, parks, and surrounding green space all within walking distance. Enjoy convenient access to nearby amenities, as well as Highways 2 and 2A for an easier commute or a quick getaway. Affordable, functional, and offering plenty of extras, this property is well worth a closer look!

273 Kendrew Drive, Red Deer

Courtesy of RE/MAX real estate central alberta.
no property photo
$294,900
3 Beds ⋅ 2 Baths ⋅ A2354591 MLS® #
A place to start, a rental to add to your portfolio, or a home you can improve over time—this Oriole Park bungalow half duplex offers options at an affordable price. Three bedrooms on the main floor, a spacious living room, and an eat-in kitchen with a pantry make for a practical everyday layout. The basement adds a large family room, fourth bedroom, den/office, second bathroom, and storage. There’s some updating to do, giving you the chance to make improvements at your own pace. The furnace and central air conditioning were installed in 2016, and a separate side entrance adds flexibility for those considering rental possibilities. Set on a quiet street connecting to Taylor Drive, you’re within easy reach of Red Deer’s north-end shopping, restaurants, and services. Off-street parking and immediate possession make it easy to get started.

271 Overdown Drive, Red Deer

Courtesy of Century 21 Maximum.
63 Ellis Street, Red Deer
$339,000
3 Beds ⋅ 2 Baths ⋅ A2354503 MLS® #
Welcome to this inviting home in desirable Eastview Estates, perfect for those looking for comfortable, easy living. The spacious living room offers plenty of room to relax or entertain, while the open kitchen creates a welcoming space to gather with family and friends. The versatile den or bedroom features a cozy gas fireplace and direct access to the backyard, adding warmth and convenience to the home. Enjoy the comfort of underfloor heating downstairs, central air conditioning and a covered deck that provides a great space to enjoy the outdoors. If you're looking for a comfortable home in a great adult-iiving community, this property is well worth a look! Single attached garage for your convenience especially with winter coming! No Condo Fees and plenty of storage!!!

63 Ellis Street, Red Deer

Courtesy of RE/MAX real estate central alberta.
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