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$ 669,000
Est. payment /mo
Price Dropped by $56K
4718 College Avenue Lacombe, AB T4L1Z1
3,527 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,527 sqft
Price per Sqft $189
Subdivision College Heights
MLS® Listing ID A2213994
Year Built 1971
Property Sub-Type Freehold
Source Central Alberta REALTORS® Association
Property Description
This exceptional and fully tenanted 4-plex is ideally located just steps from the university in one of Lacombe's most desirable neighborhoods. With a solid rental history, thoughtful updates, and a unique layout, this property offers incredible flexibility—whether you're a seasoned investor looking for strong cash flow or a young family hoping to offset homeownership costs with rental income.Unit 1, the standout of the complex, is a spacious 3-bedroom, 2.5-bathroom home featuring an attached single garage, gas fireplace, large mud/laundry room with sink, jacuzzi tub, and updated carpet. Perfect for an owner-occupier, this unit provides the comfort and amenities of a single-family home with the added bonus of rental income from the three additional suites.Units 2, 3, and 4 offer a mix of functional layouts, including loft-style bedrooms and open floorplans, with shared access to a laundry area and large storage room. Updates include newer windows, modernized bathrooms, and forced-air or hot water baseboard heating. Unit 4 also includes its own attached garage and units 2 and 3 share the double car detached garage.Additional revenue comes from a separately rented motorhome garage. The building has been well cared for, with new siding and shingles completed approx. 7 years ago and updated electrical in the detached garage just two years ago.With all units currently rented, this property is a rare opportunity to own a high-performing asset with lifestyle flexibility. Whether you're investing or looking to live in your investment—this 4-plex delivers. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Forced air, Hot Water, Other
Flooring Carpeted, Linoleum, Tile
Fireplaces Number 1
Exterior
Parking Features Yes
Garage Spaces 3.0
Garage Description 3
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Lot Description Landscaped
Others
Ownership Freehold
Listed by RE/MAX real estate central alberta