ActivePrice reduced

$259,999

516 Terrace ParkEastview, Red Deer, AB T4N 1V8

  • 3 beds
  • 2 baths
  • 1,165 sq ft
  • Row/Townhouse

Listing courtesy of eXp Realty · MLS® A2340296

About this home

Located in Eastview, in the front row of Terrace Park, this well-kept 2-storey townhome offers approximately 1,100 square feet of developed living space across three levels, three bedrooms, a 4-piece bathroom, a 2-piece bathroom, and a fully finished basement — backed by a list of recent updates including a new roof (2023), new front concrete stairs, updated windows, and new vinyl flooring (2026).

The new concrete steps lead to the covered front entry with a frosted glass door insert, opening into a bright foyer with an archway through to the main living space. The living room is filled with natural light from a large picture window and finished with new vinyl plank flooring that carries throughout the main level. An open layout connects the living room to a functional kitchen featuring white upper cabinets, black lower cabinetry, tile backsplash, and a dining nook with a sliding patio door leading out to the backyard — one of just a handful of units in the complex with this patio door configuration, offering the option to build out a deck.

Upstairs, you'll find three bedrooms, including a primary bedroom with a ceiling fan and a second bedroom currently set up as a flexible space. The upper 4-piece bathroom has been nicely updated with a tiled tub surround and rainfall shower head.

The basement adds valuable extra living space with a large carpeted rec room, a walk-in closet for storage, in-suite laundry with a washer and dryer, and a 2-piece bathroom — offering flexibility for a home office, media room, or additional storage.

Outside, the fully fenced backyard includes a stone patio area, space for a barbecue, and a storage shed, with easy access to nearby amenities throughout Eastview.

This is a solid, move-in-ready opportunity in an established Red Deer neighbourhood, offering major recent updates — roof, stairs, windows, and flooring — alongside a finished basement and rare patio door/deck potential, all on its own freehold title.

Key facts

Type
Row/Townhouse
Style
2 Storey
Year built
1961
Living area
1,165 sq ft
Lot
2,310 sq ft
Bedrooms
3
Bathrooms
1 full, 1 half
Basement
Full, Finished
Parking
Parking Pad, 2 spaces total
Price per sq ft
$223
Days on market
44
Listed
August 27, 2026
Community
Eastview
Municipality
Red Deer

Features

Interior

Features
Built-in Features, Laminate Counters
Appliances
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer
Flooring
Carpet, Vinyl Plank
Heating
Forced Air, Natural Gas
Laundry
In Basement
Included
n/a

Suite

Suite
No

Building

Structure
Five Plus
Levels
Two
Shared walls
2+ Common Walls
Construction
Metal Siding, Stucco, Wood Frame
Roof
Metal
Foundation
Poured Concrete

Exterior & lot

Exterior
Other
Lot
Back Lane, Back Yard
Fencing
Fenced
Front faces
N
Lot size
2,310 sq ft
Zoning
R-H

Parking

Total parking
2
Details
Parking Pad

Condo / HOA

Restrictions
None Known
Ownership
Not a Condo

Land & rural

Title
Fee Simple

Community

Features
Park, Playground, Schools Nearby, Shopping Nearby

Rooms

RoomLevelSize
Living RoomMain12'4" x 17'11"
KitchenMain10'7" x 9'1"
Dining RoomMain10'9" x 7'4"
4pc BathroomSecond0'0" x 0'0"
Bedroom - PrimarySecond12'1" x 12'10"
BedroomSecond10'8" x 9'4"
BedroomSecond12'1" x 9'11"
2pc BathroomBasement0'0" x 0'0"
Game RoomBasement20'4" x 12'7"

Location

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Monthly cost estimate

Estimated monthly payment$1,220
  • Mortgage $1,220

An estimate, not a quote: excludes property tax, home insurance and utilities. Starting rates are the best advertised 5-year fixed rates on October 8, 2026 (nesto.ca, best 5-year fixed); your rate depends on your lender and situation. Minimum down payment under Canadian rules is $13,000.

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Listing last updated: Oct 1, 2026, 11:20 a.m.