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625 Lancaster Drive Red Deer, Alberta T4R 3N8

5 Bedroom 3 Bathroom 1300 Sqft
Bungalow Fireplace None Other, Forced Air

$540,000

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:57594)

Property Details

MLS® Number A2180763
Property Type Single Family
Community Name Lonsdale
Amenities Near By Park, Playground, Schools
Features Treed, Back Lane, Pvc Window, No Animal Home, No Smoking Home
Parking Space Total 6
Plan 0223580
Structure Deck

Building

Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Below Ground 2
Bedrooms Total 5
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
Fireplace Total 1
Flooring Type Carpeted, Concrete, Hardwood, Laminate, Tile
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Other, Forced Air
Stories Total 1
Size Interior 1300 Sqft
Total Finished Area 1282 Sqft
Type House

Parking

Detached Garage 2
Other
R V

Land

Acreage No
Fence Type Fence
Land Amenities Park, Playground, Schools
Size Depth 15.54 M
Size Frontage 11.89 M
Size Irregular 5101.00
Size Total 5101 Sqft|4,051 - 7,250 Sqft
Size Total Text 5101 Sqft|4,051 - 7,250 Sqft
Zoning Description R1n

Rooms

Level Type Dimensions
Basement 4pc Bathroom 12.50 Ft x 10.25 Ft
Basement Bedroom 8.00 Ft x 12.75 Ft
Basement Primary Bedroom 18.33 Ft x 15.67 Ft
Basement Other 12.42 Ft x 13.75 Ft
Basement Recreational, Games Room 15.17 Ft x 16.50 Ft
Basement Furnace 12.50 Ft x 6.17 Ft
Main Level 3pc Bathroom 9.58 Ft x 4.33 Ft
Main Level 4pc Bathroom 9.58 Ft x 5.00 Ft
Main Level Bedroom 9.58 Ft x 9.42 Ft
Main Level Bedroom 13.00 Ft x 9.50 Ft
Main Level Living Room 19.25 Ft x 16.42 Ft
Main Level Primary Bedroom 9.58 Ft x 16.92 Ft
Main Level Other 15.83 Ft x 19.25 Ft