Red Deer, AB T4R3N8,625 Lancaster DR
Red Deer, AB T4R3N8,625 Lancaster DR
Red Deer, AB T4R3N8,625 Lancaster DR
Red Deer, AB T4R3N8,625 Lancaster DR
Red Deer, AB T4R3N8,625 Lancaster DR
Red Deer, AB T4R3N8,625 Lancaster DR
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$ 540,000
Est. payment | /mo

5 Beds

3 Baths

1,282 SqFt


$ 540,000
Est. payment | /mo

5 Beds

3 Baths

1,282 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

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

Full Baths 3

Year Built 2003

Lot Size 5,101 Sqft

Acres 0.12

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.

Location

Province AB

County Red Deer

Zoning R1N

Direction SE

Rooms

Basement Separate/Exterior Entry, Finished, Full, Suite, Walk-Up To Grade

Interior

Interior Features Ceiling Fan(s), Laminate Counters, No Animal Home, No Smoking Home, Primary Downstairs, Separate Entrance, Vinyl Windows, Walk-In Closet(s)

Heating Fireplace(s), Forced Air, Natural Gas

Cooling None

Flooring Carpet, Concrete, Hardwood, Laminate, Tile

Fireplaces Number 1

Fireplaces Type Gas

Inclusions Fridge (X3), Stove/Oven (X2), Dishwasher, Stove/Range Hood, Telus Security System, any and all Window Coverings, Garage Door Opener with One Remote, Garage Heater, Washer/Dryer, Shed

Appliance Dishwasher, Garage Control(s), Refrigerator, Stove(s), Washer/Dryer, Window Coverings

Laundry In Basement

Exterior

Exterior Feature Storage

Garage Double Garage Detached, Off Street, RV Access/Parking

Garage Spaces 2.0

Fence Fenced

Community Features Park, Playground, Schools Nearby, Street Lights

Roof Type Asphalt Shingle

Porch Deck

Lot Frontage 39.0

Exposure SE

Total Parking Spaces 6

Building

Lot Description Back Lane, Back Yard, Corner Lot, Front Yard, Irregular Lot, Street Lighting, Treed

Dwelling Type House

Foundation Poured Concrete

Architectural Style Bungalow

Level or Stories One

Structure Type Concrete,Vinyl Siding,Wood Frame

Others

Restrictions None Known

Tax ID 91352349

Listed by Royal Lepage Network Realty Corp.
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625 Lancaster DR