5 days on Market

40 Oakfield Close, Red Deer, Alberta T4P 0C9

Detached
1 + 4
3 + 1
~1701.00 sqft
$899,900
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Detached
1 + 4
3 + 1
~1701.00 sqft

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Highlights

Property Estimate

Days on market5 days

Estimated valueNot available

Price/Sqft$529/sqft

Monthly cost

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Description

Nestled on a large pie-shaped lot siding onto city trails leading to the Red Deer River, this exceptional custom-built home with two double car garages offers privacy, space, and a truly unique setting. Thoughtfully engineered and built by the original owner, this property showcases quality construction, impressive living spaces, and features designed for both comfort and entertaining. The main floor features an open-concept design with soaring tray ceilings, custom lighting, and a spacious living room centered around a striking three-sided gas fireplace with cherry accents and built-in cabinetry. A large window fills the space with natural light, complemented by motorized blinds. The kitchen is beautifully finished with custom cherry cabinetry, a granite island with raised bar seating, an induction convection stove, and a walk-through butler’s pantry with custom shelving. The dining area opens to the two-tiered deck and fenced yard through garden doors and is enhanced by additional windows for added natural light. The exterior is equally impressive with mature landscaping, raised garden beds, a firepit area, and multiple decks designed for relaxation and entertaining. And a covered four-season courtyard with heated pavers that is ready for a hot tub, creating a private outdoor retreat that can be enjoyed year-round. The main floor primary bedroom offers hardwood flooring, a tray ceiling, ceiling fan, and a walk-in closet with custom shelving. The ensuite includes dual vanities, a jet tub, and a travertine walk-in shower with rain head and body sprays. The main floor also includes a half bath and a well-equipped laundry room with built-ins and a utility sink. The fully developed walkout basement is designed for both relaxation and entertaining, featuring in-floor heat, four spacious bedrooms, and a welcoming family room with a stone fireplace and custom cherry entertainment cabinetry. A wet bar with sink and fridge adds to the entertaining space. The lower level also features a luxurious bathroom with steam and jet tub, plus a Tuscan-style theatre room complete with projector and tiered seating. A heated wine cellar and additional prep areas provide ideal space for wine storage or canning. Other noteworthy features include insulated concrete form construction to the rafters for energy efficiency, durability, and sound insulation. Additional features include triple-glazed windows, a boiler system with zoned in-floor heating, forced air furnace, AC, generator subpanel, HRV system, reverse osmosis, water softener, and enhanced water pressure. Heating and cooling can be monitored through the Telus Home Security smart thermostat. Located steps from walking and biking trails leading to the Red Deer River, Maskepetoon Park, Bower Ponds, and downtown, this home combines natural surroundings with convenient access to city amenities. A detached heated shop or studio provides excellent space for hobbies, a home business, or fitness studio, along with additional rear parking.


Property Details

StyleBungalow
View-
Age of property2007
SqFt~1701.00 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2262027
Community NameOriole Park West
Data SourcePILLAR 9
Listing byCentury 21 Maximum

Features

Heating: In Floor,Fireplace(s),Forced Air,Natural Gas
Central Vacuum
Cooling: Central Air
Basement: Full,Finished,Walk Out

Main Floor

Living Room

15`3" x 16`10"

Kitchen

14`8" x 12`6"

Dining Room

14`8" x 12`2"

Bedroom - Primary

15`7" x 16`8"


Features

Patio: Deck

Parking

Garage spaces 4

Garage type -

Other parking spaces 0

Total parking spaces 4


Property History

Mar 4, 2026
ListedActive
$899,900
5 days on market
history photo preview50
Listing by pillar 9®
Property listed by Century 21 Maximum, Brokerage
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Market Data - Oriole Park West

Geo Zone Map ThumbnailOriole Park West

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

80 days

Compared to

2025

21 days

2024

9 days

2023

15 days

New Listings

Past 30 days

0 listing

Compared to

2025

2 listings

2024

4 listings

2023

2 listings

Units sold

Past 30 days

1 unit

Compared to

2025

1 unit

2024

1 unit

2023

1 unit

Median Sold Price

Past 30 days

$432,000

Compared to

2025

$615,000

2024

$859,000

2023

$474,900


Population and Demographics

Overview

Total population 782
Average household income $120,878

Age (%)

0 to 19
29%
20 to 34
20%
35 to 49
22%
50 to 64
17%
65 and plus
12%

Household composition (%)

Single family
73%
Single person
20%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
82%
Tagalog (Pilipino, Filipino)
5%
Arabic
4%
Others
2%
Spanish
2%
French
1%

House tenancy (%)

Owners
65%
Renters
35%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget