625 Lancaster Drive Red Deer, AB T4R 3N8
Listing Courtesy of: PILLAR 9 - IDX / Royal Lepage Network Realty Corp.

  625 Lancaster Drive Red Deer, AB T4R 3N8

Active (34 Days)
$540,000
5
BED
3
BATH
1,282
SQFT

Description

Discover the incredible potential of this spacious bungalow in the desirable Lonsdale neighborhood! With 1,282 sq ft on the main floor and an additional 1,190 sq ft of fully developed basement space, this home offers room to grow, live, and generate income.

The main floor features a large, open kitchen and dining area with ample cabinets and counter space, a bright living room, and three generously sized bedrooms, including the primary with a 3-piece ensuite. A 4-piece bathroom completes this level, making it perfect for families or hosting guests.

The basement includes an illegal suite with a walk-up separate entrance to grade, a kitchenette, and a spacious living area with a cozy fireplace. The basement's primary bedroom boasts a walk-in closet and an oversized ensuite with a large tub and separate shower. Shared utilities and laundry are conveniently located in the basement, and there’s an additional bedroom, adding to the home's versatility.

The property features a heated and insulated double detached garage, RV parking with alley access, and a fenced backyard. Whether you're looking for a multi-generational home or an investment property, this home offers exceptional rental income potential. Currently, four bedrooms are rented to tenants who wish to stay, with the owner open to becoming a fifth renter, maximizing revenue opportunities.

Located near schools, parks, and the Collicutt Centre, and offering easy access to shopping and public transit, this property combines convenience with endless possibilities. Any and all offers will be greeted and reviewed.

MLS®:
A2180763
Lot Size
5,101 SQFT
Type
Single-Family Home
Year Built
2003
Style
Bungalow
County
Red Deer County

Listed By

Vern Pederson, Royal Lepage Network Realty Corp.
Source
PILLAR 9 - IDX
Last checked Dec 26 2024 at 7:41 PM MST
Bathroom Details
  • Full Bathrooms: 3
Interior Features
  • Laundry/Utility Room : In Basement
  • Appliances : Window Coverings
  • Appliances : Washer/Dryer
  • Appliances : Stove(s)
  • Appliances : Refrigerator
  • Appliances : Garage Control(s)
  • Appliances : Dishwasher
  • Walk-In Closet(s)
  • Vinyl Windows
  • Separate Entrance
  • Primary Downstairs
  • No Smoking Home
  • No Animal Home
  • Laminate Counters
  • Ceiling Fan(s)
Subdivision
  • Lonsdale
Lot Information
  • Treed
  • Street Lighting
  • Irregular Lot
  • Front Yard
  • Corner Lot
  • Back Yard
  • Back Lane
Property Features
  • Fireplace: Total Fireplace(s) : 1 Gas
  • Foundation: Poured Concrete
Heating and Cooling
  • Natural Gas
  • None
Basement Information
  • Walk-Up to Grade
  • Suite
  • Full
  • Finished
  • Separate/Exterior Entry
Flooring
  • Tile
  • Laminate
  • Hardwood
  • Concrete
  • Carpet
Exterior Features
  • Roof: Asphalt Shingle
Garage
  • Double Garage Detached
Parking
  • Rv Access/Parking
  • Parking Space(s) : 6
Stories
  • 1
Living Area
  • 1,282 sqft
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Disclaimer: 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.
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.