Penhold is a small bedroom community 10 minutes south of Red Deer AB, and approximately the same time & distance North of Innisfail AB. For those in search of a quieter community where walking your kids to school, or to the playground is a must, then Penhold certainly fits that bill. That has been one of the big attractions of Penhold, Family Lifestyle.
Penhold does have its amenities. You will find grade schools, middle school, high school, and one of the main attractions is the Penhold Multiplex. The town offices are there in addition to a large gymnasium, ice surface, library, and fitness center complete with an indoor running track around the rink. This facility was cleverly designed as it was later integrated with the HIghschool gym and middle school. This multipurpose use has made the Multiplex a common destination for many families.
Penhodl has always benefited from lower house prices. Those looking to purchase a home will no doubt see there is more house for your dollar, and lot, in Penhold. The tax rate in Penhold is similar to many other small communities where the commercial base has been slower to follow the residential tax base. As a result the residences pay a higher portion than their counterparts in the bigger City of Red Deer. Cue the opportunity here.
Penhold recently introduced its New Home Buyer Incentive Program. The New Home Buyer Incentive Program was developed to offer individuals purchasing a newly constructed home in Penhold a municipal tax reduction of 50% the first year, and 25% the second year they own the home. A number of new home builders are available to choose from.