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625 Lancaster Drive
Red Deer
T4R 3N8
$520,000
Residential
beds: 5
baths: 3.0
1,282 sq. ft.
built: 2003
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2180763
- Bedrooms:
- 5
- Bathrooms:
- 3
- Year Built:
- 2003
- Photos (43)
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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.
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
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- Possession Date:
- Signup
- Suite:
- Suite - Illegal
- Home Style:
- Bungalow
- Total Living Area:
- 1,282 sq. ft.
- Main Level Finished Area:
- 1,282 sq. ft.
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Below Grade Finished Area:
- 1,190 sq. ft.
- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Lot Area:
- 5,101 sq. ft.
- Lot Frontage:
- 39'
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Front Exposure:
- Southeast
- Reg. Size:
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- Reg. Size Includes:
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- Unit Exposure:
- Southeast
- Levels:
- One
- Total Rooms Above Grade:
- 5
- Year built:
- 2003 (Age: 22)
- Bedrooms:
- 5 (Above Grd: 3)
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 2
- Bathrooms:
- 3.0 (Full:3, Half:0)
- Plan:
- 0223580
- Heating:
- Fireplace(s), Forced Air, Natural Gas
- Basement:
- Separate/Exterior Entry, Finished, Full, Suite, Walk-Up To Grade
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Concrete, Vinyl Siding, Wood Frame
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- Yes
- Flooring:
- Carpet, Concrete, Hardwood, Laminate, Tile
- Cooling:
- None
- Fireplaces:
- 1
- Fireplace Details:
- Gas
- Garage:
- 1
- Garage Spaces:
- 2
- Parking:
- Double Garage Detached, Off Street, RV Access/Parking
- Parking Places:
- 6
- Parking Total/Covered:
- 6 / -
- Laundry Features:
- In Basement
- Lonsdale
- Dishwasher, Garage Control(s), Refrigerator, Stove(s), Washer/Dryer, Window Coverings
- 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
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Bedroom
- 9'7" × 9'5"
- Main Floor
- Bedroom
- 13' × 9'6"
- Main Floor
- Living Room
- 19'3" × 16'5"
- Main Floor
- Bedroom - Primary
- 16'11" × 9'7"
- Main Floor
- Kitchen With Eating Area
- 19'3" × 15'10"
- Basement
- Bedroom
- 12'9" × 8'
- Basement
- Bedroom - Primary
- 18'4" × 15'8"
- Basement
- Kitchenette
- 13'9" × 12'5"
- Basement
- Game Room
- 16'6" × 15'2"
- Basement
- Furnace/Utility Room
- 12'6" × 6'2"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- Yes
- 3
- 4'4" x 9'7"
- Main Floor
- No
- 4
- 5' x 9'7"
- Basement
- No
- 4
- 10'3" x 12'6"
- Title to Land:
- Fee Simple
- Community Features:
- Park, Playground, Schools Nearby, Street Lights
- Interior Features:
- Ceiling Fan(s), Laminate Counters, No Animal Home, No Smoking Home, Primary Downstairs, Separate Entrance, Vinyl Windows, Walk-In Closet(s)
- Exterior Features:
- Storage
- Patio And Porch Features:
- Deck
- Lot Features:
- Back Lane, Back Yard, Corner Lot, Front Yard, Irregular Lot, Street Lighting, Treed
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Red Deer
- Zoning:
- R1N
- Listed Date:
- Nov 22, 2024
- Days on Mkt:
- Signup
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Virtual Tour
Listed by Royal Lepage Network Realty Corp.
Data was last updated March 14, 2025 at 08:05 AM (UTC)
Area Statistics
- Listings on market:
- 203
- Avg list price:
- $449,900
- Min list price:
- $94,900
- Max list price:
- $2,200,000
- Avg days on market:
- 17
- Min days on market:
- 1
- Max days on market:
- 305
- Avg price per sq.ft.:
- $337.06
These statistics are generated based on the current listing's property type
and located in
Red Deer. Average values are
derived using median calculations.
- MELANIE BARCLAY
- COLDWELL BANKER ONTRACK REALTY
- 1 (403) 5977301
- Contact by Email
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