About 625 Lancaster Drive
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.
Features of 625 Lancaster Drive
| MLS® # | A2243528 |
|---|---|
| Price | $489,900 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,282 |
| Acres | 0.12 |
| Year Built | 2003 |
| Type | Residential |
| Sub-Type | Detached |
| Style | Bungalow |
| Status | Active |
Community Information
| Address | 625 Lancaster Drive |
|---|---|
| Subdivision | Lonsdale |
| City | Red Deer |
| County | Red Deer |
| Province | Alberta |
| Postal Code | T4R3N8 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Double Garage Detached, Off Street, RV Access/Parking |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Laminate Counters, No Animal Home, No Smoking Home, Separate Entrance, Soaking Tub, Vinyl Windows, Walk-In Closet(s), Master Downstairs |
|---|---|
| Appliances | Dishwasher, Dryer, Garage Control(s), Refrigerator, Stove(s), Washer, Window Coverings |
| Heating | Fireplace(s), Forced Air, Natural Gas |
| Cooling | None |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Gas |
| Has Basement | Yes |
| Basement | Exterior Entry, Finished, Full, Suite, Walk-Up To Grade |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Back Lane, Corner Lot, Front Yard, Irregular Lot, Native Plants, Treed |
| Roof | Asphalt Shingle |
| Construction | Concrete, Vinyl Siding, Wood Frame |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | July 25th, 2025 |
|---|---|
| Zoning | R1N |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Royal Lepage Network Realty Corp. |
|---|