471 Townsend Street

Red Deer, AB T4P 0Y5

Welcome to your dream property—a fabulous lifestyle Carriage home that effortlessly blends modern comfort with a separate residence! This property is thoughtfully designed to cater to both family living and smart potential investing. A unique opportunity to invest in both luxurious living and intelligent financial planning. Comprising of an additional full-sized 1-bedroom residence situated above a spacious, detached double car garage, which backs onto a paved alley! Suitable for multigenerational families, small businesses, or rental purposes. Step inside the primary residence from the welcoming front covered porch and discover a bright, open-concept main floor. The living, dining, and kitchen areas flow seamlessly together, creating an inviting space for everyday living. At the heart of the home, a generously sized quartz island anchors the kitchen—ideal for meal prep, casual dining, and entertaining guests. Upstairs, discover three spacious bedrooms, including the master suite, complete with a private 5-piece ensuite, ensuring a peaceful retreat at the end of the day. A well-appointed main bathroom complements the additional 2 bedrooms for family and visitors. The separate charming one-bedroom unit features its own kitchen and living room. It is currently leased. This independent space offers an ideal opportunity to generate rental income or serve as a perfect setting for a small business. Whether you're looking to expand your investment portfolio or create an older children's separate living arrangement, the possibilities are endless with this well-designed unit. The property includes a detached double garage( would make an awesome man cave!), a single attached garage, and a paved parking pad, offering ample off-street parking. Situated in a great neighborhood, you are just steps away from shopping, schools, parks, and recreational facilities. Enjoy the convenience of urban living while residing in a quiet, welcoming area. Don't miss the chance to experience this remarkable and unique property that combines elegance, flexibility, and location advantages.

Listing courtesy of Alex Wilkinson of Royal Lepage Network Realty Corp.

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Last checked 2026-01-31 11:11 AM UTC