Discover a hidden gem in the Spruce Lane Acres subdivision just north of Red Deer, AB! This charming bungalow presents an outstanding investment opportunity or the perfect home for those dreaming of an acreage while on a budget. This property offers a rare chance for entry-level acreage living—turnkey and ready to move in—at an attractive price point and proximity to Red Deer that is hard to find. Homes in this area are selling quickly! While the property currently lacks a garage, the price reflects this, and there is ample room to build one, including the option to construct a shop up to 2200 sq ft. Nestled on a mature, private lot, this cozy bungalow is a mere 6 km north of Red Deer, conveniently located on pavement. It's just a 10-minute drive to shopping and schools, with busing available to Poplar Ridge and Sylvan Lake High School. This bungalow features great side parking and includes three versatile sheds/workshops. With just under 1400 sq. ft. on the main floor, it’s an excellent entry-level opportunity. The interior boasts several updates, blending modern touches with original elements. Recent improvements include new flooring, front door, siding, a pressure tank, and a reverse osmosis system. The main floor offers a welcoming entryway leading to a bright and spacious living room with a cozy fireplace that stays with the home, a large dining area, and a charming Oak "U"-shaped kitchen with a pantry. There are three decent-sized bedrooms, a full 4-piece bathroom, and convenient main-floor laundry/storage that can easily be relocated to the basement if desired. Additionally, there's a 2-piece bathroom by the entry to the deck. Storage is plentiful with linen and broom closets! The back door, right off the kitchen, opens onto a large, updated deck—super-sized and private—perfect for BBQs and soaking up the southern sun. The basement is surprisingly spacious, featuring a large living area, one bedroom, and a three-piece bathroom. There's also additional storage that could be converted into another bedroom with the addition of a window. A large storage room fits an extra fridge and freezer. The exterior features a fire pit for enjoying summer evenings and a large garden fenced to keep wildlife at bay. The home is located near walking trails and local play parks, making it ideal for a first-time buyer with a vision. The septic system is located under the deck and has been recently emptied, while the well is on the east side of the house, and the septic field is in the southwest corner of the property. Perfect for an individual on a budget who wants to start their acreage journey, there is plenty of room to add a garage or shop. Easy to show, this opportunity won't last long!