New Listing
56 Drummond Avenue, Red Deer
$425,000 - 4 Beds, 2 Baths, 889 Sf
MLS® # A2214226
Concept Realty Group Inc.
625 Lancaster Drive, Red Deer
$520,000
5 Beds
3 Baths
1,282 Sqft
.12 Acres
2 Garages
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.
Essential Information
MLS® #A2180763
Price$520,000
Bedrooms5
Bathrooms3.00
Full Baths3
Square Footage1,282
Acres0.12
Year Built2003
TypeResidential
Sub-TypeDetached
StyleBungalow
StatusActive
Community Information
Address625 Lancaster Drive
SubdivisionLonsdale
CityRed Deer
CountyRed Deer
ProvinceAlberta
Postal CodeT4R3N8
Amenities
Parking Spaces6
# of Garages2
Parking
Off Street, RV Access/Parking, Double Garage Detached
Interior
CoolingNone
Has BasementYes
FireplaceYes
# of Fireplaces1
FireplacesGas
Interior Features
Ceiling Fan(s), Laminate Counters, No Animal Home, No Smoking Home, Separate Entrance, Vinyl Windows, Walk-In Closet(s), Master Downstairs
Appliances
Dishwasher, Garage Control(s), Refrigerator, Stove(s), Washer/Dryer, Window Coverings
Heating
Fireplace(s), Forced Air, Natural Gas
Basement
Finished, Full, Suite, Exterior Entry, Walk-Up To Grade
Exterior
Exterior FeaturesStorage
RoofAsphalt Shingle
FoundationPoured Concrete
Lot Description
Back Lane, Back Yard, Corner Lot, Front Yard, Street Lighting, Treed, Irregular Lot
Construction
Concrete, Vinyl Siding, Wood Frame
Additional Information
ZoningR1N
Office
Royal Lepage Network Realty Corp.
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Royal Lepage Network Realty Corp.
Royal Lepage Network Realty Corp.
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