5321 42 Avenue, Red Deer

$449,900

3 Beds
2 Baths
964 Sqft
.15 Acres
0 Garages

Beautifully updated from top to bottom, this reimagined Woodlea bungalow blends modern style with timeless charm in one of Red Deer’s most sought-after neighbourhoods. Located on a quiet, tree-lined street and backing directly onto Woodlea Park, this home offers unbeatable lifestyle, privacy, and green space access.
The main floor features new vinyl plank flooring and a brand-new kitchen with quartz countertops, sleek cabinetry, upgraded lighting, and brand new appliances. The kitchen has been opened into the living space and features a large quartz eating bar while maintaining the 1950s curved corners and ceilings; maintaining its charm and heritage. Large windows fill the space with natural light, complementing two spacious bedrooms and a fully updated bathroom.
The lower level has been gutted back to studs and renovated with new insulation, drywall, new egress windows, a stylish wet bar with large fridge, generous family room with 1500 watt electric fireplace with LIFX app controlled colorful lighting, custom mantle/fireplace wall. The basement includes an optional office/bedroom, full bathroom, and massive floored laundry/utility space that is clean and ready for you. This basement space has been redesigned with entertaining in mind. Comfortable, bright, and functional—this level nearly doubles your living space.
Major systems have been completely modernized, including a full electrical rewire & panel (2025) and newer hot water tank for long-term peace of mind. Roof was done in 2013.

Essential Information
MLS® #A2274029
Price$449,900
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage964
Acres0.15
Year Built1952
TypeResidential
Sub-TypeDetached
StyleBungalow
StatusActive
Community Information
Address5321 42 Avenue
SubdivisionWoodlea
CityRed Deer
CountyRed Deer
ProvinceAlberta
Postal CodeT4N 3A3
Amenities
Parking Spaces2
ParkingNone
Interior
HeatingForced Air
CoolingNone
Has BasementYes
BasementFull
FireplaceYes
# of Fireplaces1
FireplacesBasement, Electric
Interior Features

Built-in Features, No Animal Home, No Smoking Home, Quartz Counters, Storage, Wet Bar

Appliances

Bar Fridge, Dishwasher, Electric Oven, Microwave Hood Fan

Exterior
Exterior FeaturesPrivate Yard
RoofAsphalt Shingle
ConstructionWood Frame
FoundationPoured Concrete
Lot Description

Back Lane, Back Yard, Backs on to Park/Green Space, Environmental Reserve, No Neighbours Behind, Rectangular Lot

Additional Information
ZoningR-L
Office

RE/MAX real estate central alberta

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