5626 42 Street, Red Deer

$350,000

3 Beds
2 Baths
1,010 Sqft
.14 Acres
0 Garages

Fantastic Investment Opportunity in West Park! Introducing a spacious property with incredible flexibility, located in the desirable West Park neighborhood of Red Deer. Perfect for investors, first-time buyers or families, this home comes with an illegal suite with its own private entrance. Step inside the bright and welcoming main floor, where large south-facing windows fill the living and dining areas with natural light. The open dining space includes a charming “peek-a-boo” wall that provides extra counter space and additional kitchen storage. The kitchen itself boasts a sizable layout designed for multiple cooks, offering plenty of room to prep meals without feeling crowded. Completing the main floor are three spacious bedrooms and a 4-piece bath, giving options for bedrooms, a home office, gym, or hobby room. Downstairs, the illegal suite includes 1 bedroom, a full 4-piece bathroom, living room, and kitchen - perfect for extended family or tenants. Shared spaces in the basement include a laundry area with washer/dryer, built-in cupboards and shelving for storage, lockers, plus an additional 3-piece bathroom for added convenience. The seller is updating the property with new flooring, giving the home a fresh start for its next owner. The furnace and hot water tank were replaced. Extra paving tiles will also remain if requested, a great bonus for outdoor projects. Outside, the large lot provides plenty of space to enjoy. The yard is partially fenced on one side, with potential to add more fencing for pets or privacy. A shed offers handy outdoor storage, and the large parking pad ensures ample space for multiple vehicles. Location is key - and this home delivers. Just minutes from Heritage Ranch, the Red Deer River walking trails, West Park School, parks, and Red Deer Polytechnic, this property offers both lifestyle and convenience. Families will love the proximity to schools and recreation, while investors will see the rental potential with steady demand from students and staff. With a versatile layout, large lot, parking and updates already underway, this West Park property is more than just a home, it's an opportunity. Whether you’re looking to invest or enjoy a spacious home with room for everyone, this property is ready to welcome you.

Essential Information
MLS® #A2261083
Price$350,000
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage1,010
Acres0.14
Year Built1952
TypeResidential
Sub-TypeDetached
StyleBungalow
StatusActive
Community Information
Address5626 42 Street
SubdivisionWest Park
CityRed Deer
CountyRed Deer
ProvinceAlberta
Postal CodeT4N 1C1
Amenities
Parking Spaces4
Parking

Front Drive, Off Street, Parking Pad

Interior
Interior FeaturesLaminate Counters
HeatingForced Air, Natural Gas
CoolingNone
Has BasementYes
BasementFull
Appliances

Electric Range, Other, Refrigerator

Exterior
Exterior FeaturesPrivate Yard
Lot DescriptionRectangular Lot
RoofAsphalt Shingle
ConstructionStucco, Wood Frame
FoundationPoured Concrete
Additional Information
ZoningR-M
Office

RE/MAX real estate central alberta

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