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Real Estate in Fairview, Red Deer

Fairview suits buyers who want established central Red Deer without the price premium of newer suburbs.

Active listings

6

Median list price

$229,000

Avg list price

$381,300

Homes for Sale in Fairview, Red Deer

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Buying in Fairview

Who fits here

Fairview suits buyers who want established central Red Deer without the price premium of newer suburbs. The neighbourhood is built out on a grid of mature streets around 55 Street and centres on Fairview Elementary (Pre-K to Grade 6), making it a natural draw for young families who value a walkable school run. The housing stock skews to post-war and 1960s–70s bungalows — solid construction on generous lots with full basements, double garages, and room to renovate or hold. Investors find Fairview compelling for the same reasons: older detached homes with long-term tenants, low vacancy pressure from workers at nearby industrial parks, and proximity to transit that connects to Sorensen Station downtown. First-time buyers priced out of newer southside developments often discover that Fairview delivers the same central conveniences — quick access to Highway 2, Village Mall, Parkland Mall, and Red Deer''s 110 km trail network — for noticeably less money. Retirees who want to right-size without leaving familiar city geography are also a strong fit, given single-storey layouts and easy access to Red Deer Regional Health Centre.

Current market in the neighbourhood

Fairview trades at values typical of central Red Deer''s established detached market. The current median sold price sits, with an average sale price. Homes have averaged days on market over the past 12 months, reflecting steady but not frenzied demand. There have been sales in the past year, and properties are closing at of list price on average — a reliable indicator of balanced conditions. Active inventory sits at 6 listings. Price per square foot averages, and buyers are finding opportunities across a range of. Red Deer''s 2024 residential assessment cycle recorded a citywide average single-family home value of $351,500 (up 4.85%), giving Fairview buyers a useful benchmark against the broader market.

Commute and lifestyle

Fairview sits in the northwest quadrant of central Red Deer, well inside the urban core. Transit Route 15 (Pines–Normandeau) connects the neighbourhood directly to Sorensen Station downtown, and also runs to Village Mall and Parkland Mall — so car-free errand running is genuinely practical. For drivers, Highway 2 is a short run east on 67 Avenue, putting Edmonton Airport roughly 90 minutes north and Calgary under two hours south. Red Deer Polytechnic''s main campus at 100 Donald Boulevard is about a 10-minute drive, and its downtown campus at 4909 49 Street is even closer — relevant for the 10,000-plus students and staff who generate housing demand nearby. Red Deer Regional Hospital Centre is similarly accessible in under 10 minutes. Lifestyle in Fairview centres on Waskasoo Park''s 110 km multi-use trail system, Bower Ponds (seasonal paddleboats, skating, a riverside amphitheatre), and the Collicutt Centre recreation complex. The neighbourhood''s mature tree canopy and quiet residential streets give it a slower pace that newer master-planned communities rarely replicate.

Long-term context

Fairview''s appreciation story is anchored in Red Deer''s role as Alberta''s third-largest city and the undisputed service hub for central Alberta. The city''s 2024 property assessment cycle recorded a 4.85% average residential value increase — continuing a run of annual growth since the post-pandemic recovery. For Fairview specifically, the value case rests on a supply constraint that new construction cannot easily fix: the neighbourhood is fully built out, meaning every sale is resale stock competing against itself. Lot sizes in older central areas are typically larger than what developers deliver today, adding latent land value. Red Deer Polytechnic''s 2021 conversion to polytechnic status — unlocking bachelor''s degree programming for some 10,000 students — has reinforced rental and entry-level purchase demand in accessible central neighbourhoods. Buyers who have entered Fairview at the lower end of Red Deer''s price range have historically benefited from city-wide momentum without paying a new-build premium.

About Fairview

Overview

Fairview is an established, family-friendly neighbourhood located in the central-north area of Red Deer. Known for its welcoming atmosphere, expansive green spaces, and mature streetscapes, the community offers a calm and peaceful environment that appeals to families, professionals, and retirees. With a median sold price, it presents a highly accessible mid-range option for home buyers.

Location

Situated in the north end of central Red Deer, Fairview is situated near the beautiful Waskasoo Park system and the Red Deer River valley. The neighbourhood shares boundaries with Riverside Meadows, Highland Green, and Oriole Park, giving residents convenient access to both scenic natural areas and major city thoroughfares.

Housing character

The real estate landscape in Fairview is heavily dominated by single-family detached homes, which make up roughly 90% of the housing stock alongside a small selection of townhouses. The neighbourhood experienced its largest building boom between 1960 and 1980, resulting in a charming collection of classic bungalows and spacious two-storey homes on mature, generously sized lots. Properties here are highly sought after, typically spending an average of on the market.

Schools

Families in Fairview have excellent access to local education. The community is anchored by Fairview Elementary School, a K-5 public school located right within the neighbourhood. Older students typically transition to nearby Central Middle School and Lindsay Thurber Comprehensive High School. Red Deer Catholic Regional Schools also serve the area, providing additional options for families.

Transit

Commuting by car from Fairview is straightforward, with ample street parking and easy navigation to Red Deer's main arterial routes. Public transit users are served by Red Deer Transit, with bus stops conveniently located around the neighbourhood providing direct connections to the downtown Sorensen Station and local schools. The area is also bike-friendly, featuring a fair number of dedicated bike lanes.

Shopping and dining

While Fairview is primarily a quiet residential enclave, residents are never far from daily conveniences. Though the immediate streets are residential, a short drive connects locals to nearby commercial hubs like Parkland Mall and Village Mall in the north end. These areas offer a wide variety of retail stores, large supermarkets, cafes, and casual dining options.

Parks and recreation

Fairview boasts an abundance of green space, highlighted by the centrally located Fairview Park, which features playgrounds, sports fields, and picnic areas. Residents also enjoy immediate access to the extensive Waskasoo Park system, Great Chief Park, and the nearby Bower Ponds Recreation Area, which offer scenic walking trails, cycling paths, and seasonal boating.

Lifestyle

The lifestyle in Fairview is defined by its strong sense of community and relaxed, suburban pace. It is a very quiet neighbourhood where residents take pride in their properties and frequently gather for local events, outdoor recreation, and community initiatives. The blend of mature natural surroundings, low-traffic streets, and close-knit neighbours makes it a highly desirable place to call home.

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Frequently Asked Questions

Fairview is predominantly a detached single-family neighbourhood built out in the 1960s and 1970s. The typical home is a bungalow on a standard or oversized lot, often with a full basement and detached or attached garage. Semi-detached and older infill properties exist but are less common. The fully built-out character means buyers are choosing from resale stock rather than new construction.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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.

Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).

Listing information last updated on June 9, 2026 at 9:00 pm (America/Edmonton)