For Sale

625 Lancaster Drive, Red Deer, Alberta T4R3N8

$540,000

625 Lancaster Drive, Red Deer, Alberta T4R3N8 is For Sale and has a listing price of 540,000. The property is located in the Lonsdale neighbourhood. It's been on the website for 45 Days.

  • Single Family
    Property Type
  • Detached
    Building Style
  • 5
    Bedrooms
  • 3
    Bathrooms
  • Detached Garage
    Parking
  • 6
    Parking Spaces
  • MLS ID: A2180763
  • Office Name Royal Lepage Network Realty Corp.
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:43137)

Property Details
  • Virtual Tour: Click Here
  • Bedrooms: 5
  • MLS ID: A2180763
  • Bathrooms: 3
  • Price: $540,000
  • Transaction Types: For Sale
  • Ref ID: 27678817
  • Year Built: N/A
  • Approx Sqft: 1282 sqft
  • Building Type: House
  • Building Style: Detached
  • Property Type: Single Family
  • Property Type: All Houses
  • Property Sub Category: Detached
Price History
List Date MLS ID List Price Status End Date Closed Price
11/22/2024 A2180763 $540,000 For Sale - -
06/15/2024 A2141733 $599,900 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Floor Plans
4pc Bathroom - Basement 12.50 Ft x 10.25 Ft
Bedroom - Basement 8.00 Ft x 12.75 Ft
Primary Bedroom - Basement 18.33 Ft x 15.67 Ft
Other - Basement 12.42 Ft x 13.75 Ft
Recreational, Games room - Basement 15.17 Ft x 16.50 Ft
Furnace - Basement 12.50 Ft x 6.17 Ft
3pc Bathroom - Main 9.58 Ft x 4.33 Ft
4pc Bathroom - Main 9.58 Ft x 5.00 Ft
Bedroom - Main 9.58 Ft x 9.42 Ft
Bedroom - Main 13.00 Ft x 9.50 Ft
Living room - Main 19.25 Ft x 16.42 Ft
Primary Bedroom - Main 9.58 Ft x 16.92 Ft
Other - Main 15.83 Ft x 19.25 Ft
Neighborhood Stats
Lonsdale
  • $394,716 Average List Price
    based on 1 year
  • 3 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 100 % Below
  • Sold (12mo) 0
  • Rented (12mo) 0

  • 1 Month Change -25.4%
  • 3 Month Change -48.0%
  • 6 Month Change -49.6%
Walkscore
Property Type Distribution
  • All Houses
    51.27%
  • Commercial
    38.51%
  • Condo
    1.84%
  • Land for Sale
    8.38%
Additional Details
  • Heat Source Natural Gas
  • Style Bungalow
  • Basement2 Full (finished)
  • Heating System Forced Air, Other
  • Parking Spaces: 2
  • Exterior Concrete, Vinyl Siding
  • Cooling System None
  • Total Parking Spaces: 6
  • Property Features Treed, No Smoking Home, No Animal Home, Back Lane, Pvc Window
  • Basement Separate Entrance, Walk-up, Suite
  • Fireplace True
  • Parking Detached Garage, Other, Rv
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 22/11/2024 00:00:00
  • Zoning Commercial/retail
  • Agent Name: Vern Pederson
  • Address Subdivision: Lonsdale
  • Last Updated: 02/12/2024 16:26:06
Open House Dates
Want to see this property?