625 Lancaster Drive

Detached For Sale in Lonsdale, Red Deer

$489,900
  • 5 Beds
  • 3 Baths
  • 1,282 Sq. Ft.
  • Built 2003
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Spacious, versatile, and full of potential — welcome to 625 Lancaster Drive, ideally located in one of Red Deer's most sought-after neighbourhoods, just steps from schools, transit, the Collicutt Centre, and east-side shopping. This 5-bedroom bungalow offers over 2,400 sq ft of developed space and is a rare find for multi-generational living or investment. The main floor offers a bright, open kitchen and dining area with plenty of cabinetry, a sunny living room, and three large bedrooms, including a primary with 3-piece ensuite. A full 4-piece bath completes the main level. Downstairs, a separate walk-up entrance leads to a spacious illegal suite featuring a large family room with fireplace, kitchenette, and two more bedrooms—including a massive primary with walk-in closet and oversized ensuite featuring a soaker tub and separate shower. Shared laundry and mechanical are located in the basement for convenience. Outside, you’ll find a heated and insulated double garage, fenced yard, RV parking, and alley access. Currently rented by long-term tenants who’d love to stay, this home has income potential from day one. Whether you're looking to live upstairs and offset your mortgage or capitalize on rental revenue, the numbers make sense.
Address
625 Lancaster Drive
List Price
$489,900
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
sale
Area
Red Deer
Sub-Area
Lonsdale
Bedrooms
5
Bathrooms
3
Floor Area
1,282 Sq. Ft.
Lot Size
5101 Sq. Ft.
Year Built
2003
MLS® Number
A2243528
Listing Brokerage
Royal Lepage Network Realty Corp.
Basement Area
Separate/Exterior Entry, Finished, Full, Suite, Walk-Up To Grade
Postal Code
T4R3N8
Zoning
R1N
Site Influences
Back Lane, Corner Lot, Front Yard, Irregular Lot, None, Native Plants, Treed
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Lime Green Realty Inc

Office: 403-505-0066

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Red Deer AB

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