Browse MLS® listings in Capstone, a Red Deer neighbourhood.
Active listings
1
Median list price
$14
Avg list price
$14
Showing 1 of 1 active MLS® listings
Capstone is a master-planned, riverside urban community located in the heart of downtown Red Deer. Designed to be a highly walkable and vibrant neighborhood, it blends dense multi-family living with commercial, recreational, and cultural spaces. This emerging 'city within a city' is transforming prime riverfront land into a modern, inclusive destination focused on balanced urban living.
Situated adjacent to Red Deer's historic downtown core, Capstone sits beautifully along the banks of the Red Deer River just off Taylor Drive. The neighborhood acts as a vital bridge between the sociability of the city center and the natural beauty of the riverfront, offering seamless access to the nearby Red Deer Regional Hospital and surrounding central districts.
Housing in Capstone predominantly features premium modern apartments, mid-rise rental complexes, and stacked townhouses. With active and upcoming developments like The Alex and Premiere at Capstone, the community offers dense, urban-style multi-family living designed for a contemporary lifestyle. The local market is characterized by an average sold price, with properties typically spending an average of on the market.
While Capstone is primarily an urban mixed-use district without schools directly within its borders, it provides excellent access to the broader Red Deer Public and Catholic school districts. Families in the community benefit from nearby educational facilities in central Red Deer, supported by dedicated transit peak overload routes that efficiently connect middle and high school students to campuses across the city.
Capstone enjoys strong public transit connectivity, primarily serviced by Red Deer Transit's Route 13, which directly links the neighborhood to Sorensen Station downtown, West Park, Red Deer Polytechnic, and the Bower Transit Hub. The community is also fundamentally designed around active transportation, featuring extensive pedestrian movement corridors and cycling paths that easily navigate to the city core.
Envisioned as a 'live, work, play' environment, Capstone integrates everyday conveniences directly into the community. The area is currently home to professional services and health clinics, with ongoing development introducing street-level retail, modern restaurants, cafes, and boutiques. Its stroll-to proximity to downtown Red Deer ensures that a wider array of dining and shopping is always within easy reach.
Nature and recreation form the backbone of Capstone, highlighted by the scenic Riverwalk and Canada 150 Square, a central gathering plaza featuring decorative spaces and a fountain. The neighborhood utilizes a 'Green Spine' filled with park space, ponds, and picnic spots, and offers enhanced, direct trail connections to the expansive Waskasoo Park system, giving residents access to over 100 kilometers of pathways.
The Capstone lifestyle is active, cultured, and highly social, appealing to professionals, downsizers, and active adults. Residents can step out for a brisk run along the river, enjoy local art walks from downtown to the waterfront, or gather with friends at community plazas. It is a premium neighborhood where urban convenience harmonizes with a deep appreciation for the outdoors and community connection.
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Mortgage values are calculated by hômm and are provided for estimate purposes only.
The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.
Listing information last updated on April 24, 2026 at 1:00 pm (America/Edmonton)
