REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 775,000
Est. payment /mo
New
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 $219
Subdivision College Heights
MLS® Listing ID A2213994
Originating Board Central Alberta REALTORS® Association
Year Built 1971
Property Sub-Type Freehold
Property Description
Located at 4718 College Avenue in Lacombe, this well-maintained and fully tenanted 4-plex presents an excellent investment opportunity in a great location, just steps from the university. With a solid rental history and thoughtful updates throughout, this property is ideal for both seasoned investors and newcomers seeking strong cash flow.Unit 1 is a spacious 3-bedroom, 2.5-bathroom unit with an attached single garage, gas fireplace, large laundry room with sink, and updated carpet. Units 2, 3, and 4 offer a variety of layouts including loft-style bedrooms and open floorplans, each with 1–2 bedrooms and shared access to a laundry room and large storage area. Unit 2 includes updated windows and bathroom finishes, while Unit 4 features an attached single garage, updated bathroom, and forced-air heating. Units 1–3 are heated with hot water baseboards.The property also includes a detached, heated double garage—split between units 2 and 3—and a separately rented motorhome garage, providing additional revenue potential. Electrical in the detached garage was updated just two years ago, and the entire building received new shingles and siding approximately seven years ago, reducing future maintenance concerns.Each unit is currently rented, minimizing vacancy risk and ensuring immediate income for the new owner. With functional updates, strong tenant appeal, and extra rental components, this 4-plex is a rare find in a growing community. Don't miss this opportunity to add a high-performing asset to your portfolio. (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
Virtual Tour https://youriguide.com/4718_college_ave_lacombe_ab/
Listed by RE/MAX real estate central alberta