5626 42 Street, Red Deer, AB, T4N 1C1
$350,000
3
Beds
2
Baths
1,010
Square feet
0.14
Acres
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, making it an ideal mortgage helper or rental opportunity. 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 âpeek-a-booâ 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 youâre looking to invest or enjoy a spacious home with room for everyone, this property is ready to welcome you.
Features of 5626 42 Street, Red Deer
MLS® # | A2261083 |
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Price | $350,000 |
Bedrooms | 3 |
Bathrooms | 2.00 |
Full Baths | 2 |
Square Footage | 1,010 |
Acres | 0.14 |
Year Built | 1952 |
Type | Residential |
Sub-Type | Detached |
Style | Bungalow |
Status | Active |
Address | 5626 42 Street |
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Subdivision | West Park |
City | Red Deer |
County | Red Deer |
Province | Alberta |
Postal Code | T4N 1C1 |
Amenities at 5626 42 Street, Red Deer, AB
Parking Spaces | 4 |
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Parking | Off Street, Parking Pad, Front Drive |
Is Waterfront | No |
Has Pool | No |
Suite | Suite - Illegal |
Interior Features | Laminate Counters |
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Appliances | Other, Refrigerator, Electric Range |
Heating | Forced Air, Natural Gas |
Cooling | None |
Fireplace | No |
Has Basement | Yes |
Basement | Finished, Full, Exterior Entry, Suite |
Exterior Features | Private Yard |
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Lot Description | Rectangular Lot |
Roof | Asphalt Shingle |
Construction | Stucco, Wood Frame |
Foundation | Poured Concrete |
Date Listed | October 2nd, 2025 |
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Days on Market | 7 |
Zoning | R-M |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
5626 42 Street, Red Deer Listing Details
Office | RE/MAX real estate central alberta |
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Website | To see this home contact Chamberlain Real Estate Group to Schedule your tour. |