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Red Deer,AB T4N 0C2
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 895.0
Square Footage 895 sqft
Price per Sqft $290
Subdivision Downtown Red Deer
MLS Listing ID A2254728
Style 2 Storey
Bedrooms 4
Full Baths 2
Year Built 1939
Lot Size 6,534 Sqft
Property Sub-Type Detached
Property Description
This is an affordable downtown Red Deer property with an illegal suite, exceptional future potential. Situated on a 50 x 125 ft lot, the main floor features soaring ceilings and a stylish loft that overlooks the bright, open living space. Below, a separate walk-out basement unit has its own ground-level entrance to the back yard. Each level provides two bedrooms or offices, a full kitchen, and a bathroom, with a shared laundry area between them. The entire historic home has been extensively upgraded over the years, including newer windows, furnace, electrical, a new hot-water tank, eavestroughs, and brand-new shingles installed in August 2025. Off-street parking is plentiful at the rear.
Zoned C1, the lot is ideally positioned for redevelopment and the City has previously approved a 10,000-square-foot mixed-use project on the site. With many government incentives available for downtown redevelopment and no nearby residential neighbourhood to trigger complaints, this property represents an excellent opportunity to enter the market and plan a future multi-level apartment or commercial building.
Location
Province AB
County 0262
Community Playground,Schools Nearby,Shopping Nearby,Walking/Bike Paths
Zoning C1
Rooms
Basement Separate/Exterior Entry,Full,Partially Finished
Interior
Interior Features Vaulted Ceiling(s)
Heating Forced Air,Natural Gas
Cooling None
Flooring Carpet,Laminate,Slate,Tile
Inclusions shed
Laundry Common Area
Exterior
Exterior Feature Balcony
Parking Features Gravel Driveway,Off Street,Owned
Fence None
Community Features Playground,Schools Nearby,Shopping Nearby,Walking/Bike Paths
Roof Type Asphalt,Asphalt Shingle
Building
Lot Description Standard Shaped Lot,Views
Dwelling Type House
Story Two
Foundation Combination,Poured Concrete
Sewer Sewer
New Construction No