Homes for sale - 625 Lancaster Drive, Red Deer, AB T4R3N8

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Dana Paes

dana@artlee.ca +1(403) 397-4412

$ 540,000

Est. payment | -/mo

5 Beds

3 Baths

1,282 SqFt

Save Virtual Tour

$ 540,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

1,282 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,282 sqft

Price per Sqft $421

Subdivision Lonsdale

MLS® Listing ID A2180763

Style Bungalow

Bedrooms 5

Originating Board Central Alberta REALTORS® Association

Year Built 2003

Lot Size 5,101 Sqft

Acres 5101.0

Property 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. (id:24570)

Location

Province AB

Rooms

Extra Room 1 Basement 12.50 Ft x 10.25 Ft 4pc Bathroom

Extra Room 2 Basement 8.00 Ft x 12.75 Ft Bedroom

Extra Room 3 Basement 18.33 Ft x 15.67 Ft Primary Bedroom

Extra Room 4 Basement 12.42 Ft x 13.75 Ft Other

Extra Room 5 Basement 15.17 Ft x 16.50 Ft Recreational, Games room

Extra Room 6 Basement 12.50 Ft x 6.17 Ft Furnace

Interior

Heating Other, Forced air,

Cooling None

Flooring Carpeted, Concrete, Hardwood, Laminate, Tile

Fireplaces Number 1

Exterior

Parking Features Yes

Garage Spaces 2.0

Garage Description 2

Fence Fence

View Y/N No

Total Parking Spaces 6

Private Pool No

Building

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

Listed by Royal Lepage Network Realty Corp.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 397-4412

dana@artlee.ca

700, 1816 Crowchild Trail NW, Calgary, T2M, 3Y7, Canada

625 Lancaster Drive Red Deer, AB T4R3N8