3 days on Market

5626 42 St, Red Deer, Alberta T4N 1C1

Detached
3
2
~1010.00 sqft
$350,000
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Detached
3
2
~1010.00 sqft

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Highlights

Property Estimate

Days on market3 days

Estimated valueNot available

Price/Sqft$346/sqft

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Description

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 was 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.


Property Details

StyleBungalow
View-
Age of property1952
SqFt~1010.00 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2261083
Community NameWest Park
Data SourcePILLAR 9
Listing byRE/MAX real estate central alberta

Features

Heating: Forced Air,Natural Gas
Basement: Finished,Full,Separate/Exterior Entry,Suite

Main Floor

4pc Bathroom

10`8" x 4`10"

Bedroom

10`7" x 11`5"

Bedroom

10`7" x 8`2"

Dining Room

9`0" x 11`10"


Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

Oct 2, 2025
ListedActive
$350,000
3 days on market
history photo preview40
Listing by pillar 9®
Property listed by RE/MAX real estate central alberta, Brokerage
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Market Data - West Park

Geo Zone Map ThumbnailWest Park

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

45 days

2023

0 day

2022

37 days

New Listings

Past 30 days

2 listings

Compared to

2024

2 listings

2023

3 listings

2022

7 listings

Units sold

Past 30 days

0 unit

Compared to

2024

4 units

2023

0 unit

2022

5 units

Median Sold Price

Past 30 days

$0

Compared to

2024

$402,000

2022

$315,000


Population and Demographics

Overview

Total population 2640
Average household income $93,538

Age (%)

0 to 19
24%
20 to 34
26%
35 to 49
18%
50 to 64
17%
65 and plus
15%

Household composition (%)

Single family
54%
Single person
35%
Multi person
11%
Multi family
0%

Mother tongue (%)

English
87%
Tagalog (Pilipino, Filipino)
3%
Arabic
3%
Others
2%
Spanish
1%
French
1%

House tenancy (%)

Renters
56%
Owners
44%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget