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625 Lancaster Drive, Red Deer, Alberta T4R3N8
Vern Pederson
Royal Lepage Network Realty Corp.
Last updated on July 27, 2025
Description
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. (id:62138)
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