$540,000 FOR SALE

Detached Bungalow

Bedrooms: 3+2Bathrooms: 3Lot: 11.89 x 15.54 m

625 Lancaster Drive
Red Deer, AB T4R 3N8

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:47423)

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Listed By Royal Lepage Network Realty Corp.
Data Provided By Central Alberta REALTORS® Association
MLS® Listing Number A2180763
Last Updated Jan 10, 2025
Property Summary
Property Type Detached

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Community Lonsdale
Price History
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Detailed Information
Bedrooms 3+2
Bathrooms 3
Lot 11.89 x 15.54 m
Amenities Nearby Park, Playground, Schools
Features Treed, Back lane, PVC window, No Animal Home, No Smoking Home
Listing Contract Date 2024-11-22
Municipal ID 0029347804
Ownership Type Freehold
# of Parking Spaces 6
Plan 0223580
Property Type Single Family
Structures Deck
Transaction Type For sale
Zoning Description R1N
Building
Appliances Refrigerator, Dishwasher, Stove, Window Coverings, Garage door opener, Washer & Dryer
Architectural Style Bungalow
Basement Development Finished
Basement Features Separate entrance, Walk-up, Suite
Basement Type Full (Finished)
Constructed Date 2003
Construction Material Poured concrete, Wood frame
Construction Style (Attachment) Detached
Cooling Type None
Exterior Finish Concrete, Vinyl siding
Fireplace Present Yes
# of Fireplaces 1
Flooring Type Carpeted, Concrete, Hardwood, Laminate, Tile
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Other, Forced air
Stories Total 1
Total Finished Area 1282 sqft
Type House
Rooms
Room Level Dimensions Notes
4pc BathroomBasement12.50 Ft x 10.25 Ft
BedroomBasement8.00 Ft x 12.75 Ft
Primary BedroomBasement18.33 Ft x 15.67 Ft
OtherBasement12.42 Ft x 13.75 Ft
Recreational, Games roomBasement15.17 Ft x 16.50 Ft
FurnaceBasement12.50 Ft x 6.17 Ft
3pc BathroomMain level9.58 Ft x 4.33 Ft
4pc BathroomMain level9.58 Ft x 5.00 Ft
BedroomMain level9.58 Ft x 9.42 Ft
BedroomMain level13.00 Ft x 9.50 Ft
Living roomMain level19.25 Ft x 16.42 Ft
Primary BedroomMain level9.58 Ft x 16.92 Ft
OtherMain level15.83 Ft x 19.25 Ft
Parking Spaces
Name Spaces
Detached Garage2
Other
RV
Land
Total Size 5101 square feet
Amenities Park, Playground, Schools
Fence Type Fence
Size of Irregular Land 5101.00
Open Houses
Date & Time Comments
10/01/2025 2:30 PM - 5:00 PM

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