Penhold Homes with Full Basement Development

Welcome to Penhold, a charming community nestled in the heart of Alberta, just a stone's throw away from the bustling city of Red Deer. Known for its friendly atmosphere and small-town charm, Penhold offers residents a unique blend of rural tranquility and urban convenience. With a population that values community spirit and a strong sense of belonging, this picturesque town is an ideal place to call home.

One of the standout features of homes in Penhold is the availability of properties with full basement development. These spacious basements not only provide additional living space but also offer endless possibilities for customization. Whether you envision a cozy family room, a home gym, or a vibrant entertainment area, the full basement development in these homes allows you to create the perfect environment tailored to your lifestyle.

In addition to the allure of well-designed homes, Penhold boasts a variety of amenities that cater to residents of all ages. From parks and recreational facilities to local shops and restaurants, everything you need is within reach. The close-knit community hosts various events throughout the year, fostering connections among neighbors and creating lasting memories.

With its ideal location in Red Deer County, Penhold serves as a gateway to Alberta's stunning natural landscapes, making it perfect for outdoor enthusiasts. Whether you enjoy hiking, biking, or simply taking in the beauty of the surrounding areas, adventure awaits just beyond your doorstep.

Discover the charm of Penhold, where community and comfort come together in perfect harmony. Your dream home with a full basement awaits!

Newest Penhold Homes with Full Basement Development

$439,900

3 Beds ⋅ 3 Baths ⋅ A2336734 MLS® #

Welcome to 84 Heartland Crescent in Penhold, a fully finished bi-level backing onto a green belt with a walking path. This home offers 3 bedrooms, 3 full bathrooms, and a heated attached garage. The open concept main floor features soaring vaulted ceilings, a bright west-facing living room, a spacious dining area, and a functional kitchen with stained oak cabinetry, ample counter space with a breakfast bar, and a pantry. The primary bedroom includes a walk-in closet and a private 4-piece ensuite, while a second bedroom and full bathroom complete the main level. The good sized entryway features a coat closet and a door to the attached garage. The newly finished basement is designed for entertaining with a spacious family and games room, stunning wet bar, third bedroom, and another full bathroom. The laundry room completes the basement level. Outside, enjoy a large landscaped backyard with a generous deck, a custom storage shed with power, and direct access to the green belt. Additional features include central air conditioning, shingles replaced approximately four years ago, and a fantastic location just minutes from parks, shopping, and the Penhold Multiplex. *Some photos have furniture virually staged.

84 Heartland Crescent, Red Deer County

Courtesy of Century 21 Maximum.

$599,900

5 Beds ⋅ 4 Baths ⋅ A2336746 MLS® #

Welcome to this beautifully maintained 2018 two-storey home situated on an oversized corner lot in Penhold! Offering over 2,100 sq. ft. above grade plus a professionally developed basement (2025 with permits), this home combines modern style with exceptional functionality. The bright open-concept main floor features white cabinetry to the ceiling, quartz countertops, a Silgranit sink, walk-through pantry, stainless steel appliances, and garden doors leading to the spacious deck and fully fenced backyard. Upstairs you’ll find a generous bonus room, sound-insulated laundry with solid-core doors, three bedrooms including a spacious primary retreat with a walk-in closet and luxurious ensuite complete with double sinks, soaker tub, separate shower, and quartz countertops. The newly finished soundproofed basement provides two additional bedrooms, a 4-piece bathroom, family room, extra laundry hookups, and mechanical room. Additional highlights include central air conditioning, triple-pane windows, roughed-in central vacuum, attached and finished double garage with abundant built-in shelving, yard has extended deck space, RV parking, & storage shed. A move-in-ready family home offering space, quality, and thoughtful upgrades in one of Penhold’s most desirable neighbourhoods.

217 Augustus Way, Red Deer County

Courtesy of Century 21 Maximum.

$449,900

3 Beds ⋅ 2 Baths ⋅ A2335565 MLS® #

Step into this stunning, fully renovated modern home where style, comfort, and quality come together. Boasting 3 bedrooms and an open-concept design, this home is filled with natural light and showcases beautiful stone countertops throughout the kitchen and bathrooms. The spacious C-shaped kitchen features stainless steel appliances, ample cabinetry, and flows seamlessly into the dining area and expansive living room—perfect for entertaining or everyday family living. The main floor offers two generous bedrooms, while the lower level is home to a private primary retreat complete with a massive walk-in closet and a luxurious ensuite featuring a fully tiled glass walk-in shower. The basement living room is currently a studio but also includes a wet bar, creating a versatile space for hobbies, entertaining, family room or relaxing Outside, unwind on the back deck while enjoying warm summer evenings with family and friends. The large detached double garage offers endless possibilities for parking, storage, a workshop, or the perfect space to tinker on a collector’s car. Ideally located in a sought-after area close to schools, the Multiplex, parks, playgrounds, walking paths, and all amenities, this home has undergone an extensive renovation, and it truly shows. Pride of ownership is evident throughout—this is a home you’ll be proud to call your own.

42 Hawthorne Way, Red Deer County

Courtesy of Royal LePage Network Realty Corp..

$619,300

3 Beds ⋅ 3 Baths ⋅ A2332683 MLS® #

Welcome to 153 Norseman Close, ideally located directly across the street from Penhold’s Multiplex Facility. Built by Shantro Developments, a local builder known for outstanding quality, attention to detail and thoughtful extras, this brand-new two-storey offers approximately 1,763 sq. ft. of beautifully designed living space.The bright, open-concept main floor features an impressive kitchen with ceiling-height shaker-style cabinetry, quartz countertops, a full tile backsplash, a generous island with seating and an exceptional assortment of pull-out storage. A walk-through pantry connects the kitchen to a thoughtfully designed mudroom complete with a built-in bench, hooks and additional cabinetry.The kitchen flows into the dining and living areas, where large windows fill the home with natural light. A striking floor-to-ceiling slatted feature wall with an electric fireplace and mantel creates a beautiful focal point. A convenient two-piece bathroom completes the main level.Upstairs are three spacious bedrooms, including a generous primary suite with a large walk-in closet and private four-piece ensuite. Two additional bedrooms and another four-piece bathroom complete the sleeping area. The oversized second-floor laundry room is exceptionally well designed, with abundant cabinetry and storage to keep everything organized and close at hand.The basement is partially finished, offering a head start on future development, and includes roughed-in in-floor heating. Additional features include central air conditioning, a high-efficiency furnace, HRV system, humidifier, power-vented 50-gallon hot water tank and triple-pane windows.The impressive 26'6" × 22'7" attached garage is insulated, heated and fully finished, with bright overhead lighting, a floor drain, exhaust fan, exterior window, side door and hot and cold water. Outside, enjoy a low-maintenance Trex deck with aluminum railings and plenty of space to personalize the backyard.New Home Warranty and a kitchen appliance cash allowance are included. With its stylish finishes, exceptional storage, quality construction and convenient location across from the recreation centre, this move-in-ready home stands apart from the rest.

153 Norseman Close, Red Deer County

Courtesy of RE/MAX real estate central alberta.

$619,900

3 Beds ⋅ 2 Baths ⋅ A2333313 MLS® #

Discover exceptional craftsmanship in this rare 1,664 sq.ft. bungalow by Vector Homes, one of Central Alberta’s most trusted quality builders. Thoughtfully designed with 9-foot ceilings, luxury vinyl plank flooring, quartz countertops, a stylish coffee bar, and a full suite of Samsung appliances (fridge, range, dishwasher, microwave, bar fridge, plus washer and dryer), this home delivers the size and modern finishes that are increasingly hard to find. Enjoy a heated double garage, composite decking with a great West-facing view off the rear deck, completed front sod, and an extended driveway for extra parking. Perfectly located in Penhold within walking distance of the new schools and recreation centre, and backing onto a walking trail for added privacy and outdoor enjoyment. High-efficiency furnace and hot water tank complete this move-in-ready package from a builder known for lasting quality and attention to detail.

26 Norseman Close, Red Deer County

Courtesy of Royal LePage Network Realty Corp..

$389,900

3 Beds ⋅ 2 Baths ⋅ A2332629 MLS® #

Welcome to this bright and beautifully maintained bi-level in the growing community of Penhold! Perfect for first-time buyers, young families, or those looking to downsize without sacrificing space or quality, this home offers an unbeatable location just one block from the Penhold Regional Multiplex, playgrounds, and green space, and only minutes from everyday amenities. Step onto the inviting covered front veranda and into the spacious entryway before heading up to the open-concept main floor. Featuring 9' ceilings, large windows, and an abundance of natural light, this home feels spacious and welcoming. The functional kitchen showcases rich hickory cabinetry, under-cabinet lighting, an extended eating bar, and easy access to the partially covered 10' x 10' deck overlooking the west-facing backyard. The primary bedroom offers a private 4-piece ensuite, while a second generous bedroom and another full bathroom complete the main level. Contemporary finishes and neutral colours create a warm, modern feel throughout. Downstairs, you'll find a large finished family room, with the remaining space already framed and mostly drywalled for two additional bedrooms, a bathroom, and the laundry area. Large windows fill the lower level with natural light, creating a bright and inviting space.The backyard offers plenty of room to build a garage, while central air conditioning keeps you comfortable all summer long. Combining a fantastic location, a functional floor plan, and outstanding value, this home is one you won't want to miss!

19 Hanson Green, Red Deer County

Courtesy of RE/MAX real estate central alberta.

$339,900

4 Beds ⋅ 2 Baths ⋅ A2327483 MLS® #

Welcome to 56 Heron Court — a beautifully cared-for half-duplex tucked onto a quiet court in Penhold's Hawkridge Estates, where pride of ownership shows the moment you step inside. Fully finished top to bottom and set on a standout pie-shaped lot, this is a home that's been loved and it shows. You're just a 1-minute walk from the IGA grocery store, and a quick 13-minute walk to the Penhold Regional Multiplex — home to an NHL-size arena, indoor fitness track, fitness centre, gymnasium, and the Penhold & District Library. Families are within easy reach of all three of Penhold's schools — Jessie Duncan, Penhold Elementary, and Penhold Crossing Secondary — and Red Deer's big-box stores, including Costco just a 12-minute drive away, are close at hand. Inside, the bright, open-concept main floor connects a warm living room, dining nook, and a functional kitchen finished with rich hickory cabinetry, generous counter space, a large centre island with sink, and a handy pantry — an easy flow for both everyday life and entertaining. Two comfortable bedrooms include a spacious primary with a walk-in closet and convenient access to the full 4-piece bath. Main-floor laundry seals the deal, complete with a brand-new Maytag washer and dryer (2026). Downstairs is where this home truly stands apart. The fully finished basement is built for gathering: a spacious rec room with in-floor heating, a theatre area already wired for your setup, plus a full wet bar/kitchenette with sink, fridge, and cabinetry — ideal for movie nights, guests, or game day. Two additional large bedrooms and a modern 3-piece bath round out the lower level. A few extras savvy buyers will appreciate: a wired-in generator transfer switch with an outside generator hookup for genuine peace of mind, and a hot water tank replaced in 2025. Out back, enjoy summer evenings on the covered deck overlooking a yard that's been lovingly landscaped with trees, shrubs, and garden beds — a settled, rooted feel you simply won't get from a new build. The generous pie lot backs onto a rear lane with a parking pad and garden shed already in place, and plenty of room to add a future garage. Move-in ready and rooted in a real sense of community — 56 Heron Court is a home that just feels good to come home to.

56 Heron Court, Red Deer County

Courtesy of CIR Realty.

$479,999

3 Beds ⋅ 3 Baths ⋅ A2326102 MLS® #

Brand new construction by award-winning Falcon Homes at 130 Norseman Close in Penhold! This exceptional 1,446 square foot two-story home delivers the perfect blend of modern design, functional living, and signature quality craftsmanship. The main floor features a bright, wide open concept layout centered around a beautiful kitchen, complete with a massive central island and a seamless flow into the dining and living spaces perfect for entertaining.Upstairs, the upper level hosts three spacious bedrooms, including a private primary retreat complete with a full four-piece ensuite and a generous walk-in closet. Ultimate daily convenience is achieved with a dedicated upper-level laundry room located right next to the bedrooms. This home offers 2.5 thoughtfully placed bathrooms, a single attached garage, and a full, untouched basement ready for your future development or storage needs.Situated on an excellent lot with a back lane in the quiet Oxford Landing subdivision, you get the absolute best of both worlds: peaceful small-town charm, local parks, and great schools, all while being just a short drive from Red Deer and the QE2. Avoid the wait of starting a build from scratch and step into immediate equity and peace of mind with a comprehensive New Home Warranty. Finishes may vary slightly upon completion. PICTURES ARE REPRESENATIVE.

130 Norseman Close, Red Deer County

Courtesy of The Agency North Central Alberta.

$599,900

3 Beds ⋅ 3 Baths ⋅ A2322730 MLS® #

IMMEDIATE POSSESSION AVAILABLE! Welcome to this fabulous 2,106 sq. ft. two-storey home, perfectly positioned on a premium lot backing directly onto a tranquil pond with breathtaking panoramic country views. Offering 3 bedrooms, 2.5 bathrooms, and a triple attached garage, this home combines exceptional space, comfort, and an unbeatable setting. Step inside to a spacious front foyer with convenient access to the triple garage and a 2-piece powder room. The heart of the home is the beautifully designed kitchen featuring a large centre island, an oversized walk-in pantry, stainless steel appliances, and a generous dining area with garden doors leading to the sunny south-facing deck. The open-concept living room is filled with natural light, creating a warm and inviting space for everyday living and entertaining. Upstairs, you’ll find a spacious primary retreat complete with a walk-through closet and a private 4-piece ensuite. Two additional bedrooms, upper-floor laundry, and a versatile bonus room provide endless possibilities for a family room, home office, fitness space, playroom, or hobby area. Outside, enjoy your own private backyard oasis with a hot tub, firepit, and uninterrupted views of the pond and surrounding countryside—the perfect place to relax or entertain year-round. The unfinished basement offers outstanding potential to customize the space to your needs, with room for two additional bedrooms, a bathroom, and a large family room. Homes with this combination of stunning views, premium location, and exceptional layout are a rare find. Don’t miss your opportunity to make this incredible property your next home!

611 Robinson Avenue, Red Deer County

Courtesy of RCR - Royal Carpet Realty Ltd..

$410,000

4 Beds ⋅ 3 Baths ⋅ A2322752 MLS® #

Imagine summer evenings on the front porch swing, backyard BBQs with friends, and family gatherings that effortlessly flow through the open-concept main floor. This welcoming home offers the perfect blend of comfort, functionality, and space to enjoy every stage of life.The bright main level features durable updated flooring, a spacious kitchen with abundant cabinetry, stainless steel appliances, a large island, and plenty of pantry storage. The primary bedroom offers a private retreat with dual closets and an ensuite, while a flexible front bedroom is ideal as a guest room, office, or hobby space.Downstairs, the fully finished basement provides a massive rec room for movie nights, game days, and entertaining, along with two additional bedrooms, a full bathroom, and ample storage.Outside, you'll love the large deck, spacious yard, garden shed, and oversized 26x26 insulated garage complete with workspace and EV charging capability. With additional parking and room for a small RV, there's space for all your toys and hobbies.Located just steps from schools, parks, green space, and a skating rink, this is a home designed for easy living, whether you're raising a family or looking to downsize without giving up the space you need.

142 Robinson, Red Deer County

Courtesy of eXp Realty - Red Deer.

$479,900

3 Beds ⋅ 3 Baths ⋅ A2322253 MLS® #

THIS PROPERTY IS NOW REDUCED!! If you're looking for a bright and modern open concept fully developed home on a large south facing PIE LOT, 5 Heritage Drive could be it!! The inviting covered front entry opens into a spacious tiled foyer, with a built-in bench, shelving, plenty of natural light, and soaring ceilings. The open concept main floor includes vaulted ceilings and expansive south facing windows, flooding the space with natural light. The kitchen offers a perfect layout with generous counter space, a center island with a raised eating bar, a full tile backsplash, a walk-in corner pantry, and NEW STAINLESS APPLIANCES! The dining room is perfect for hosting large gatherings, with garden door access to the south facing, two tiered deck and backyard. There is a nicely connected and elegant living room featuring beautiful hardwood flooring, a feature gas fireplace, complete with a mantle, tile surround and lighted niche. There is a conveniently located main floor bedroom - perfect for kids or guests, or an ideal main floor office plus a full 4 piece main bathroom. The open staircase overlooks the main floor and leads to the primary bedroom, spacious enough to comfortably fit a king sized bed plus furniture, and features a generous walk-in closet with built in organizers and a spa-like ensuite complete with a corner tub and separate shower. Wide stairs lead to the fully finished basement with new vinyl plank flooring, roughed in floor heat, and large above-grade windows that fill the space with natural light. There is a generously sized family room, perfect for relaxing or entertaining. The basement also includes a spacious third bedroom, a stylish 3 piece bathroom with a walk-in shower and built-in shelving, plus laundry and ample storage space. Other great features include; Central air conditioning, central vacuum roughed in, upgraded sound proofing/insulation in the family room, and hot water on demand. Parking needs are taken care of with an attached double garage including two overhead doors. Enjoy the privacy with no rear neighbours this home backs onto a green belt with a walking trail that winds through town and connects to the new recreation area, offering fishing, sports courts, an all-wheels park, and the multiplex, as well as the secondary school and future middle schools. Enjoy life in the family-friendly community of Penhold, you'll be just minutes from multiple parks, playgrounds, schools and convenient shopping, all while being a short drive south of Red Deer.

5 Heritage Drive, Red Deer County

Courtesy of RE/MAX real estate central alberta.

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