22 Lanterman Close Red Deer, AB T4R 3K3

Welcome to this fully developed 4-bedroom, 2-bathroom bi-level nestled in the highly desirable family-friendly community of Lancaster, just steps from middle schools, high schools, parks, playgrounds, and everyday amenities. Whether you're searching for a move-in-ready family home or an investment opportunity with income potential, this versatile property delivers exceptional value.
Offering a great developed living space, the bright and functional open-concept layout is filled with natural light, creating a warm and inviting atmosphere throughout. The spacious main-floor kitchen features ample cabinetry, generous counter space, and flows seamlessly into the dining and living areas, perfect for both everyday living and entertaining.
One of the standout features of this home is its fully equipped lower level, complete with a second kitchen, separate laundry area, two additional bedrooms, and a full bathroom, making it ideal for extended family, multi-generational living, or the opportunity to live upstairs while generating rental income downstairs. The lower-level kitchen, cabinetry, and appliances were thoughtfully updated in 2023, providing a fresh and modern feel.
Recent upgrades add even more peace of mind, including a new furnace and new hot water tank, along with central air conditioning to keep the home comfortable year-round.
Outside, the east-facing front entrance welcomes the morning sun, while the west-facing backyard offers the perfect setting to relax and enjoy warm summer evenings. The oversized 22' x 22' boarded double detached garage provides plenty of space for vehicles, hobbies, or a workshop, while the expansive yard also features an extra-large storage shed and additional storage beneath the deck.
Combining flexibility, thoughtful updates, modern comfort, and an unbeatable location, this is a rare opportunity to own a home that suits families, investors, and anyone looking for a property with exceptional versatility.