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5626 42 Street
West Park (Red Deer) Red Deer T4N 1C1

$350,000
Residential beds: 3 baths: 2.0 1,010 sq. ft. built: 1952

Main Photo: 5626 42 Street: Red Deer Detached for sale : MLS®# A2261083
Photo 1: 5626 42 Street: Red Deer Detached for sale : MLS®# A2261083
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2261083
Bedrooms:
3
Bathrooms:
2
Year Built:
1952
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.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
1,010 sq. ft.
Main Level Finished Area:
1,010 sq. ft.
Below Grade Finished Area:
451.58 sq. ft.
Acreage:
No
Lot Area:
6,000 sq. ft.
Lot Frontage:
50'
Front Exposure:
Southwest
Unit Exposure:
East
Levels:
One
Total Rooms Above Grade:
6
Year built:
1952 (Age: 73)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
K11
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full, Separate/Exterior Entry, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Front Drive, Off Street, Parking Pad
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
In Basement
West Park (Red Deer)
Electric Range, Other, Refrigerator
2 Fridges, 2 Electric Stoves, Shed,
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
11'5" × 10'7"
Main Floor
Bedroom
10'7" × 8'2"
Main Floor
Dining Room
11'10" × 9'
Main Floor
Kitchen
14' × 13'7"
Main Floor
Living Room
16'3" × 11'10"
Main Floor
Bedroom - Primary
11'4" × 10'6"
Basement
Furnace/Utility Room
24'6" × 14'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'10" x 10'8"
Basement
No
3
4'10" x 7'5"
Title to Land:
Fee Simple
Community Features:
Fishing, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Laminate Counters
Exterior Features:
Private Yard
Patio And Porch Features:
None
Lot Features:
Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Red Deer
Zoning:
R-M
Listed Date:
Oct 02, 2025
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    Suite B

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Listed by RE/MAX real estate central alberta
Data was last updated October 20, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
330
Avg list price:
$444,500
Min list price:
$95,000
Max list price:
$2,150,000
Avg days on market:
33
Min days on market:
2
Max days on market:
346
Avg price per sq.ft.:
$345.79
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations. This data is not produced by the MLS® system.
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DIANE RICHARDSON
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.