5626 42 Street, Red Deer, Alberta

$350,000

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3

Beds

2

Baths

1,010

Square feet

0.14

Acres

About 5626 42 Street

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 “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.

Features of 5626 42 Street

MLS® # A2261083
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

Community Information

Address 5626 42 Street
Subdivision West Park
City Red Deer
County Red Deer
Province Alberta
Postal Code T4N 1C1

Amenities

Parking Spaces 4
Parking Front Drive, Off Street, Parking Pad
Is Waterfront No
Has Pool No

Interior

Interior Features Laminate Counters
Appliances Electric Range, Other, Refrigerator
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Has Basement Yes
Basement Finished, Full, Exterior Entry, Suite

Exterior

Exterior Features Private Yard
Lot Description Rectangular Lot
Roof Asphalt Shingle
Construction Stucco, Wood Frame
Foundation Poured Concrete

Additional Information

Date Listed October 2nd, 2025
Days on Market 2
Zoning R-M
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX real estate central alberta

Listing Map